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    Photo of PPP forgiveness application

    SBA and Treasury Release PPP Interim Final Rule Regarding Loan Forgiveness

    On May 23, 2020, the Small Business Administration (SBA) and Department of Treasury (Treasury) released the Paycheck Protection Program (PPP) Interim Final Rule Rega...

  • Articles

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    New York City and Downstate Courts Will Re-Open for Electronic Filing of New Non-Essential Matters on May 25, 2020

    New York’s Chief Administrative Judge has issued an Administrative Order permitting the electronic filing of most new non-essential matters beginning Monday, May 25,...

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    SBA and Treasury Release PPP Loan Forgiveness Application

    On May 15, 2020, the Small Business Administration (SBA) and Department of Treasury released the Paycheck Protection Program (PPP) Loan Forgiveness Application and I...

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    ZEK Wins Decisive Victories for Three Bank Clients in Wire Transfer Cases

    Wellton Int’l Express v. Bank of China (Hong Kong), 2020 U.S. Dist. LEXIS 59224 (S.D.N.Y. April 3, 2020) Click here for Decision Targoff v. Wells Fargo Bank, N.A., 2...

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    CARES Act – Main Street Lending Program Update: Expansion of the Main Street Loan Program

    The Federal Reserve announced on April 30 that it is expanding the scope and eligibility of the Main Street Lending Program (MSLP). Prior to yesterday's announcement...

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    Cares Act – PPP Act Update: Additional $310 Billion for the Paycheck Protection Program Enacted into Law and SBA Issues Additional Program Guidance

    Appropriations for the Paycheck Protection Program (PPP) were exhausted last week because of overwhelming demand. This week Congress passed legislation appropriating...

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    CARES Act – Stimulus Payments: New York Attorney General Issues Guidance Exempting Recovery Rebates from Garnishment

    New York Attorney General Letitia James has issued Guidance (please see link below) on CARES Act Payments by which she announces that emergency stimulus payments of ...

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    CARES Act – Federal Reserve: The Federal Reserve Announces Assistance for Small and Mid-Sized Businesses and Lenders Under the Main Street Lending Program and a New Paycheck Protection Program Loan Facility

    The CARES Act authorized the Federal Reserve to establish a Main Street Lending Program facility to extend credit to small and midsized businesses impacted by the CO...

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    CARES ACT-PAYCHECK PROTECTION PROGRAM: Treasury Department Issues Additional Guidance for Loans Pursuant to the Paycheck Protection Program

    Lenders began accepting applications for loans pursuant to the CARES Act's (Act) Paycheck Protection Program (PPP) last Friday, April 3, 2020. Given the many questio...

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