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23 Mar 2020, 1:42 pm
Part I: Legislative Responses and Legal Challenges to Viral Exclusions for Business Interruption Loss CoveragesWritten by Luke Schmitt, Flaherty Sensabaugh Bonasso PLLC (Part I)Written by Erica Baumgras, Flaherty Sensabaugh Bonasso PLLC (Part II)All eyes are on New Jersey Legislature, which is currently discussing and reviewing a bill that could force coverage under business interruption insurance for coronavirus related losses even in the presence of a “virus” related… [read post]
23 Mar 2020, 1:42 pm
Part I: Legislative Responses and Legal Challenges to Viral Exclusions for Business Interruption Loss CoveragesWritten by Luke Schmitt, Flaherty Sensabaugh Bonasso PLLC (Part I)Written by Erica Baumgras, Flaherty Sensabaugh Bonasso PLLC (Part II)All eyes are on New Jersey Legislature, which is currently discussing and reviewing a bill that could force coverage under business interruption insurance for coronavirus related losses even in the presence of a “virus” related… [read post]
23 Mar 2020, 12:41 pm
Rather, a credit institution has to decide based on standard banking practice. [read post]
23 Mar 2020, 8:25 am
MUFG Union Bank, 785 Fed. [read post]
23 Mar 2020, 6:40 am
Avoid Banks (businesses are going to default on loans at an alarming rate), energy (no need for oil- no one is going anywhere), and of course travel and entertainment (which is toast for a while). [read post]
23 Mar 2020, 4:19 am
It should however be noted that DNB can still request banks to hold a different P2R composition, depending on bank-specific circumstances. [read post]
22 Mar 2020, 2:14 pm
An application should take no longer than a standard application. [read post]
21 Mar 2020, 6:24 am
Cordray also led efforts to rein in big banks including Wells Fargo, payday lenders, and debt collectors during his tenure. [read post]
21 Mar 2020, 4:48 am
., 475 F.Supp. 2d 54 (2007); Jin v Ministry of State Security, 557 F.Supp. 2d 131 (2008); Walters v Industrial and Commercial Bank of China, 651 F.2d 280 (2011)), but given the impact of COVID-19 this case probably is the most influential one. [read post]
20 Mar 2020, 9:48 pm
., 475 F.Supp. 2d 54 (2007); Jin v Ministry of State Security, 557 F.Supp. 2d 131 (2008); Walters v Industrial and Commercial Bank of China, 651 F.2d 280 (2011)), but given the impact of COVID-19 this case probably is the most influential one. [read post]
Getting to 500 – employer considerations for meeting the head count exemption threshold in H.R. 6201
20 Mar 2020, 1:49 pm
What about the Fair Labor Standards Act’s employee tests? [read post]
20 Mar 2020, 8:21 am
The state has identified a list of essential items including food related industries, home and auto repair, insurance, banks, gas stations, and post offices. [read post]
20 Mar 2020, 6:17 am
Shapiro, Wachtell, Lipton, Rosen & Katz, on Thursday, March 19, 2020 Tags: Compensation committees, Compensation disclosure, Compensation guidelines, Director compensation, Dodd-Frank Act, ERISA, ESG, Form 8-K, Listing standards, Management, NASDAQ, NYSE [read post]
20 Mar 2020, 5:00 am
The same standard applies to the president. [read post]
20 Mar 2020, 1:00 am
Coronavirus, Systemic Risk, and Lessons from 2008by Kathryn JudgeThe CLS Blue Sky Blog Banks cannot be blamed for starting the current crisis, nor can financial regulators be expected to contain it. [read post]
19 Mar 2020, 3:24 pm
These businesses likely will be unfamiliar with the heavily regulated government contracts industry, making them more prone to noncompliance with government standards and requirements. [read post]
19 Mar 2020, 12:38 pm
In a major bipartisan effort, the Senate overwhelmingly cleared 27 bills today that will help the state address the COVID-19 crisis now, and in the months ahead. [read post]
19 Mar 2020, 11:08 am
The bill, A-3857/S-2275, sponsored by Senator Cryan, would appropriate $15 million for grants to the Community Food Bank of New Jersey, the Food Bank of South Jersey and Fulfill Monmouth and Ocean to provide assistance to families in need. [read post]
19 Mar 2020, 4:00 am
Do they apply the same standards as insurers? [read post]
19 Mar 2020, 3:01 am
In a reaction to the financial strains caused by the outbreak, the feds have been flooding the banking system with liquidity, both by relaxing regulations and through central bank operations. [read post]
