COVID-19 | Legal Considerations
The coronavirus (COVID-19) pandemic has affected nearly every aspect of life across the United States and around the globe. In these unprecedented and uncertain times, the attorneys at Santiago Burger LLP continue to monitor New York State's rapidly changing response to this outbreak. Below we identify these changes and the wide-ranging business and legal implications.
Executive Order 202.6
Began in person work reductions and defined “essential businesses” as including certain types.
Modified Rules for notarizing Documents and closed personal service businesses.
Executive Order 202.8
Extends remote work force to 100% for non-essential businesses; freezes evictions and mortgage foreclosure enforcement—residential or commercial—for 90 days; tolls statute of limitations and filing requirements (issued on Friday, March 20, 2020 and applies through April 19, 2020 unless modified).
Declares that under New York’s Banking Law it is an “unsafe and unsound business practice” for any bank subject to the jurisdiction of the Department of Financial Services to not grant a forbearance for 90 days to any person or business who has a financial hardship as a result of the Covid-19 pandemic (issued on Saturday, March 21, 2020 and applies through April 20, 2020 unless modified).
Newly Enacted COVID-19 Paid Leave
Provides benefits to employees subject to a quarantine or isolation order with certain benefits from their employers.
Important Information regarding EIDL and PPP Loans
Information for small businesses considering applying for Economic Injury Disaster Loan Assistance and Payroll Protection Program Loans.