Slide background

COVID-19 UPDATE: State and Federal Work Place Safety and Return To Work Guidance

We continue our efforts to keep you informed of key legal developments relating to COVID-19. Today, we are providing updates on new work place safety guidance issued by both the State and OSHA.

Read Complete Article

COVID-19 UPDATE: Federal PPP Loan Forgiveness, Stay-At-Home Order Challenges And Local Procurement Opportunities

We continue our efforts to keep you informed of key legal developments relating to COVID-19. Today, we are providing updates on federal economic assistance programs, as well as recent federal court rulings on the Governor’s stay-at-home order and local procurement opportunities.

Read Complete Article

COVID-19 UPDATE: Developments on Economic Assistance Programs and Worker Safety

We continue our efforts to keep you informed of key legal developments relating to COVID-19. Today, we highlight developments on economic assistance programs and worker safety, as well as procurement opportunities and local issues in the real estate sector.

Read Complete Article

COVID-19 UPDATE: "Restore Illinois" Plan To Reopen Illinois' Economy; SBA Guidance On PPP Borrower Certification

We continue our efforts to keep you informed of key legal developments relating to COVID-19. Last week, we commented on the Governor’s extension of the Stay-At-Home Order and highlighted the social distancing requirements in the Order for essential businesses and manufacturing companies. Today, we focus on Governor Pritzker’s phased plan to reopen Illinois’ economy, as well as updated guidance on the SBA Paycheck Protection Program.

Read Complete Article

COVID-19 UPDATE: Federal Guidance On Worker Safety As Employers Phase-In Reopening

We continue our efforts to keep you informed of key legal developments relating to COVID-19. Last week, we commented on the Governor’s extension of the Stay-At-Home Order and highlighted the social distancing requirements in the Order for essential businesses and manufacturing companies. Today, we focus on worker safety regulations at the federal level. For our previous updates, please see HERE.

Read Complete Article

COVID-19 UPDATE: Federal Reserve Announces Expanded Main Street Loan Program; Governor’s Modified Stay-At-Home Order Extension Begins May 1st

We continue our efforts to keep you informed of key legal developments relating to COVID-19. Today, we focus on the Federal Reserve’s expanded Main Street Lending Program, Governor Pritzker’s modified Stay-At-Home Order through May 30th, as well as other federal and local updates. For our previous updates, please see HERE.

Read Complete Article

COVID-19 UPDATE: Illinois Workers' Compensation Amendment Changes Back to Original Rule

We continue our efforts to keep you informed of key legal developments relating to COVID-19. Today, we focus on developments in economic relief programs, as well as state and local issues, including the repeal by the Illinois Workers’ Compensation Commission of the amendment to the rules of evidence applicable to its hearings on COVID-19 cases. For our previous updates, please see HERE.

Read Complete Article

COVID-19 UPDATE: Stay-At-Home Order Extended

We continue our efforts to keep you informed of key legal developments relating to COVID-19. Today, we focus on state and local issues, including the Governor’s announcement of the extension of the stay-at-home order. For our previous updates, please see HERE.

ILLINOIS STAY-AT-HOME ORDER TO BE EXTENDED UNTIL MAY 30TH

At today’s daily press conference, Governor Pritzker announced that he will be extending his stay-at-home order – currently set to expire on April 30th – until May 30th.

The Governor highlighted key points in the extension order to be issued next week, which will become effective on May 1st:

Read Complete Article

COVID-19 UPDATE: Senate Passes Over $470 Billion In Additional Economic Relief

We continue our efforts to keep you informed of key legal developments relating to COVID-19. Today, our update focuses on the over $470 billion in additional economic relief passed by the Senate for small businesses, hospitals and COVID-19-related testing. The House is expected to vote on the bill as early as Thursday, and the President is expected to sign it soon thereafter.

SBA LOANS: $370 BILLION

$310 Billion More for Paycheck Protection Program. The legislation increases the authorized funding for several programs established under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). Most notably, the legislation increases the amount of money authorized for the Small Business Administration (“SBA”)’s Paycheck Protection Program (“PPP”) by $310 billion, increasing the total amount available under the PPP to $659 billion.

Read Complete Article

COVID-19 UPDATE: Phased Reopening of the Economy

We continue our efforts to keep you informed of key legal developments relating to COVID-19. Today, our update focuses on relevant issues for businesses as we enter the second month of the lockdown in Illinois and look towards a phased reopening of the economy in the coming months.

For our previous updates, please see HERE.

PRESIDENT ISSUES GUIDELINES FOR REOPENING OF THE ECONOMY

Yesterday, the Trump Administration issued guidelines for a phased reopening of the economy. President Trump stated that governors would be making the final decisions in lifting stay-at-home orders. See the Guidelines for Opening Up America Again HERE.

In Illinois, Governor Pritzker announced yesterday that Illinois is working with the governors of six other Midwestern states – namely Indiana, Kentucky, Michigan, Minnesota, Ohio, and Wisconsin – on how and when to reopen their economies. See the governor’s press release HERE.

Read Complete Article

COVID-19 UPDATE: Using PPP Funds

We continue our efforts to keep you informed of key legal developments relating to COVID-19. Today, we provide some guidance based on questions we have been getting on the use of loan proceeds from the Paycheck Protection Program (“PPP”) under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). For our previous updates, please see HERE.

PAYCHECK PROTECTION PROGRAM

Now that Paycheck Protection Loans (“PPL”) are being processed and funded, borrowers are advised to give careful attention to the provisions of the CARES Act to maximize the portion of these loans that will be forgiven. In this regard, there are several key points to keep in mind.

Read Complete Article

COVID-19 UPDATE: SBA Approves Fintech Firms To Rollout PPP Loans

We continue our efforts to keep you informed of key legal developments relating to COVID-19. Today, we provide a few updates on financial assistance under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), as well as employment-related matters. For our previous updates, please see HERE.

PAYCHECK PROTECTION PROGRAM

SBA Authorizes Fintech Companies to Process Loans. In our update last Friday, we noted that certain online loan intermediaries (i.e. kabbage.com and lendio.com) had begun accepting SBA Payment Protection Program (“PPP”) applications that they seemed to be processing through their network of SBA authorized lenders. At that time, we did not have enough information to recommend such facilitators – who had not yet been authorized by the SBA – as a suitable way of accessing the program. This week, we can report that the SBA has begun authorizing fintech companies – including PayPal, Intuit and Square – to process PPP loans.

Read Complete Article

COVID-19 UPDATE: Payroll Protection Program Update for Independent Contractors and Self-Employed Individuals

We continue our efforts to keep you informed of key legal developments relating to COVID-19. Today, we provide a few updates relating to programs under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). For our previous updates, please see HERE.

SBA Paycheck Protection Program

The U. S. Department of the Treasury (the “Treasury”) previously announced that, starting today, April 10th, 1099 independent contractors and self-employed individuals could begin submitting applications for loans under the Paycheck Protection Program (“PPP”) established under the CARES Act. However, there has been no additional guidance regarding the program requirements or application process for either these applicants (i.e. independent contractors or self-employed individuals) or sole proprietorships (who technically could apply last Friday).

Read Complete Article

COVID-19 UPDATE: PPP and Main Street Lending

We continue our efforts to keep you informed of key legal developments relating to COVID-19. Today, we provide a few updates on developments at the national and local levels. For our previous updates, please see HERE.

FEDERAL PROGRAMS AND GUIDANCE

SBA Paycheck Protection Program

The SBA Paycheck Protection Program (“PPP”) created under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) is generating extraordinary demand for Paycheck Protection Program loans. As we highlighted yesterday, in response to this demand, the Trump Administration requested an additional $250 billion for the program. While there is bipartisan support for additional PPP funding, Democrats and Republicans reportedly blocked each other’s proposals on the Senate floor today. Among other things, Democrats are proposing an add-on to the additional funding that would provide billions in assistance for hospitals and state governments. Our expectation is that these issues will be resolved and additional funds will be provided to the PPP to meet expected demand and to assuage concerns that the program’s funds will be depleted.

Read Complete Article

COVID-19 UPDATE: Latest Developments and Guidance on Federal, State, and Local Programs

We continue our efforts to keep you informed of key legal developments relating to COVID-19. Today, we provide a few updates at the federal and local levels. For our previous updates, please see HERE.

FEDERAL PROGRAMS AND GUIDANCE

SBA Paycheck Protection Program

Since many banks opened their online portals last Friday, the U.S. banking system has experienced a surge in loan applications for the nearly $350 billion SBA Paycheck Protection Program (“PPP”) established under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”).

Read Complete Article

COVID-19 UPDATE: Latest Developments on SBA Paycheck Protection Program

We continue our efforts to keep you informed of key legal developments relating to COVID-19. Today, we highlight the most recent developments relating to the $349 billion U.S. Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”) established under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”).

For an overview of the PPP and other key provisions in the CARES Act, see our prior updates HERE.

Read Complete Article

COVID-19 UPDATE: Tomorrow’s Loan Application Openings and Deadlines

We continue our efforts to keep you informed of key legal developments relating to COVID-19. Today, we highlight two (2) financial assistance programs under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) with an initial opening date or closing date of tomorrow.

AVIATION INDUSTRY

Payroll Support to Air Carriers and Contractors: Initial Deadline is 5:00PM EDT Friday, April 3rd

As highlighted in Tuesday’s update, the U.S. Department of the Treasury (the “Treasury”) has issued guidance and application forms for payroll support assistance to passenger air carriers, cargo air carriers and eligible third‐party contractors. Eligible contractors include those that provide airline catering services and those that provide on‐airport support services to air carriers, including, but not limited to, loading/unloading of property, assistance to passengers, security, ticketing and check‐in, aircraft ground handling, and aircraft cleaning, sanitization and waste removal.

Read Complete Article

COVID-19 UPDATE: SBA Paycheck Protection Programs

SBA PAYCHECK PROTECTION PROGRAM

The United States Department of the Treasury (“Treasury”) has released the Application Form HERE for loans under the Paycheck Protection Program. Now the process of accessing these funds begins in earnest. The early indication is that this process may not be straightforward. As we have previously indicated, existing SBA-certified lenders will be the primary points of contact for processing Paycheck Protection Loans. These lenders appear to be limiting access to their existing customer base. At this stage, the requirements and processes of these lenders suggest that they are concerned both with complying with the statutory requirements and limiting their actual or perceived exposure, which may result in lenders imposing information or other requirements that are more extensive than those required by the program’s authorizing statute.

Read Complete Article

COVID-19 UPDATE: Initial Guidance Issued on Federal Economic Assistance Programs

We continue our efforts to keep you informed of key legal developments relating to COVID-19. Below we highlight key dates, deadlines and developments for federal, state, and local legislation and programs.

FEDERAL

Families First Coronavirus Response Act (“FFCRA”)

The FFCRA goes into effect tomorrow, April 1, 2020. In our previous updates we have highlighted key provisions in FFCRA that could affect our clients such as Emergency Paid Sick Time and Extended Family Medical Leave Act (“FMLA”) coverage. Click HERE to view the Department of Labor’s guidelines on FFCRA. Click HERE for a link to the Emergency Paid Sick Leave and FMLA required employer notice.

Read Complete Article

COVID-19 UPDATE: Loan Programs for Small and Medium-Sized Businesses

Several of you have reached out for guidance on navigating the numerous government economic relief programs that have been announced, specifically those included under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) signed by the President on Friday. While general eligibility requirements are included in the law, additional guidance will be forthcoming over the next days and weeks. We provide a few points below.

Read Complete Article

COVID-19 UPDATE: $2.2 Trillion Phase III Economic Relief Package Becomes Law

PHASE III ECONOMIC RELIEF PACKAGE

We are pleased to report that – as you likely have heard – the President just signed into law the $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). Earlier today, the House passed the bill without any amendments to the version approved by the Senate Wednesday night in a vote of 96-0. This is the largest economic rescue package in American history. The official version of the legislation is found HERE.

Read Complete Article

COVID-19 UPDATE: Phase III Economic Relief Package Update

PHASE III ECONOMIC RELIEF PACKAGE

Last night, the U.S. Senate passed the Coronavirus, Aid, Relief, and Economic Security Act (the “CARES Act”) to provide emergency assistance and health care response for individuals, families, and businesses. At around $2 trillion, this is the largest economic rescue package in American history. The House is expected to vote on it tomorrow, and send it to the President, who has indicated that he will sign it into law. As such, the information we are providing today is subject to change before the final bill is enacted into law. We will update you with any changes in the final version of the bill.

Read Complete Article

COVID-19 UPDATE: Federal and State Economic Relief Programs

PHASE III ECONOMIC RELIEF PACKAGE

Today, U.S. Senators considered an updated version of the Coronavirus, Aid, Relief, and Economic Security Act (the “CARES Act” or “Phase 3”) to provide emergency assistance and health care response for individuals, families, and businesses. At around $2 trillion, this is the largest economic rescue package in American history.

Read Complete Article

COVID-19 UPDATE: City of Chicago's Small Business Resiliency Fund and Illinois and City Licensing and Certification Deferrals

ILLINOIS STAY-AT-HOME ORDER

Yesterday, Governor Pritzker issued Executive Order 2020-11 which further clarified his stay-at-home order from last week. The new Order amended Executive Order 2020-10 to clarify namely that: (1) individuals may leave their residence to work for or obtain any Human Services Operations, such as adoption agencies, long-term care facilities, residential settings for individuals with disabilities and day care centers for children of essential employees; and (2) Illinois school districts do not need approval by the school board for an e-learning curriculum. To read Executive Order 2020-11 click HERE.

Read Complete Article

COVID-19 UPDATE: Stay-At-Home Order, Small Business Lending, and Phase III Stimulus Package Update

We continue our efforts to keep you informed of key legal developments relating to COVID-19. Please see below: (1) further guidance on Governor Pritzker’s Stay-At-Home Executive Order; (2) an update on recent actions by the Federal Reserve and financial institutions; and (3) key developments on federal legislation. Please contact us if you have questions.

Read Complete Article

COVID-19 UPDATE: Illinois Shelter-In-Place Order and Federal Legislative Update

This afternoon, Governor Pritzker issued an Executive Order ordering all “non-essential businesses” to close from 5:00pm on Saturday, March 21 through April 7th.

The Governor’s shelter-in-place order also directs all residents to stay at home except for “essential activities,” which include trips to healthcare providers, shopping for essential items, and outdoor activities like walking and jogging. Individuals with jobs at “essential businesses” will be allowed to work on site at their place of employment.

Read Complete Article

COVID-19 UPDATE: Government Initiatives to Support Small Businesses

Mayor Announces $100 Million Chicago Small Business Resiliency Loan Fund
In her televised “State of City” address this evening, Mayor Lightfoot announced the launch of a $100 million Chicago Small Business Resiliency Loan Fund to aid small businesses during the Covid-19 outbreak. It is a public-private partnership; contributions thus far include: $25 million-dollar from the City of Chicago; $50 million from the Chicago Community Catalyst Fund; $10 million from Goldman Sachs’ Urban Investment Group; $1 million from Fifth Third Bank; and $250,000 from Clayco Construction.

Read Complete Article

President Signs COVID-19 Relief Bill into Law: What Employers Need to Know

Earlier today, the Senate passed H.R. 6201, the Families First Coronavirus Response Act by a vote of 90-8. Late this evening, the President signed it into law. In addition to addressing immediate public health issues, the legislation includes key provisions impacting employers. We summarize below critical provisions relating to paid sick leave, family medical leave and unemployment insurance. Our summary is based on the version of bill passed by the House over the weekend, as the Senate version has yet to be published. We will keep you updated on any developments.

Read Complete Article

COVID-19: Update

As the coronavirus (COVID-19) situation constantly evolves, we want to assure you of the important measures Chico & Nunes is taking at our firm for our team and our clients. Our collective health and well-being are, as always, our top priorities. In addition, our thoughts and prayers are with the people and families in our City and communities who have been affected by this unprecedented event. We also want to recognize the healthcare workers, first responders, government leaders and community leaders who are on the front line working to contain this pandemic. We will continue to take all necessary precautions to ensure a healthy and safe workplace while continuing to provide the service and representation our clients expect of us.

Read Complete Article