Day Pitney remains committed to providing quality legal counsel, while protecting our clients and employees, and transforming our communities into more just, equal and equitable spaces. For more information, please visit our COVID-19 Resource Center | Racial Justice and Equity Task Force.
The Paycheck Protection Program Flexibility Act of 2020 (PPP Flexibility Act) was passed by the House and the Senate and is now awaiting the president's signature.
As the Paycheck Protection Program was implemented, Congress, the Small Business Administration (SBA) and businesses recognized gaps and challenges in its implementation. The PPP Flexibility Act amends some key provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, providing additional relief to small businesses.
The following are some of the highlights of the PPP Flexibility Act:
Although the PPP Flexibility Act does not elaborate on the documentation required to show a reduction in business activity, this may provide relief to businesses that were required to remain closed or modify operations, such as hair salons and restaurants.
UPDATED: On June 9, 2020
For more Day Pitney alerts and articles related to the impact of COVID-19, as well as information from other reliable sources, please visit our COVID-19 Resource Center.
COVID-19 DISCLAIMER: As you are aware, as a result of the COVID-19 pandemic, things are changing quickly and the effect, enforceability and interpretation of laws may be affected by future events. The material set forth in this document is not an unequivocal statement of law, but instead represents our best interpretation of where things stand as of the date of first publication. We have not attempted to address the potential impacts of all local, state and federal orders that may have been issued in response to the COVID-19 pandemic.
Day Pitney Attorneys Joseph H. Fagan, Harold M. Blinderman, Margaret Czepiel and Samantha Regan authored the article, "FERC Issues Two Policy Statements Impacting Natural Gas Infrastructure Projects," for Pratt's Energy Law Report.
Day Pitney Corporate department chair R. Scott Beach co-hosted an invitation-only "Business Owner Summit," with Aron Weingard, Financial Advisor at Weingard Wealth Management of Raymond James on June 8 in New York City.
On April 28, Scott Clark, Chair of Day Pitney's Multistate Tax Practice, presented at the Federal Tax Institute of New England 2022 conference, sponsored by the Connecticut Bar Association, on "The Cutting Edges of Multistate Taxation: Pass-Through Entities, Digital Products, Domicile Update, and more."
Scott Clark, chair of Day Pitney's Multistate Tax Practice, is presenting on a virtual panel for the Tax Executives Institute, Inc., Westchester-Fairfield Chapter titled, "Ethics and the Corporate Tax Department" on March 16.
Scott Clark, Chair of Day Pitney’s Multistate Tax Practice, is presenting on a virtual panel at the Anchin Executive Forum titled, “The Changing Shape of Business in New York” on June 9.
Day Pitney Press Release
Day Pitney hosted its annual Palm Beach Family Office Forum at the PGA National Resort and Spa.
VCV Digital Technology announced that it plans to become a publicly traded company via a business combination with Fortune Rise Acquisition Corporation (NASDAQ: FRLAW, FRLA and FRLAW), a special purpose acquisition corporation.
In March 2022, Day Pitney completed a transaction in which it represented Iridian Asset Management LLC, an asset management firm based in Westport, CT and its management team (collectively "Iridian"), in connection with the "management buyout" of its founding partners and the firm's asset management business.
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This website may use cookies, pixel tags and other passive tracking technologies, including Google Analytics, to improve functionality and performance. For more information, see our Privacy Policy. By using our website, you are consenting to our use of these tracking technologies. You can alter the configuration of your browser to refuse to accept cookies, but if you do so, it is possible that some areas of web sites that use cookies will not function properly when you view them. To learn more about how to delete and manage cookies, refer to the support instructions for each browser (e.g., see AllAboutCookies.org). You may locate Google Analytics' currently available opt-outs for the web here.