Thursday, April 2, 2020

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CARES Act Benefits for Contractors

By Richard P. Rector of DLA Piper Section 3610 of the CARES Act provides an important protection for the defense industrial base by ensuring that...

COVID-19 Disaster Funding for Government Contractors

Wiley Rein - As the COVID-19 pandemic continues to have severe impact on the economy, Congress has been debating the Coronavirus Aid, Relief, and...

Managing Financial Distress in the Coronavirus Crisis—Reconsidering Fiduciary Duties and Liability Management Transactions

The coronavirus is impacting the financial health of companies across virtually all industries, raising concerns regarding operating liquidity, debt service and access to financing...

Policyholders Should Anticipate and Prepare to Defeat Insurer COVID-19 Coverage Denials

Business interruption and other losses due to the continued global spread of COVID-19 are projected to total in the billions of dollars. In an...

AP Explains: What Exactly is the Defense Production Act?

WASHINGTON (AP) — President Donald Trump on Wednesday invoked a Korean War-era law as part of his response to the coronavirus pandemic, aiming to boost private industry production of supplies needed for the health crisis. The Defense Production Act of 1950 was signed by President Harry S. Truman amid concerns about supplies and equipment during […]
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CARES Act Summary of Small Business Loan Provisions (as of March 26, 2020)

Miles & Stockbridge - The Senate unanimously passed the Coronavirus Aid, Relief, and Economic Security (or “CARES”) Act, the largest stimulus in American history...

Reconciling Stay-at-Home Orders and the Defense Production Act

By Marques O. Peterson, Alex D. Tomaszczuk, Dinesh Dharmadasa, Michael R. Rizzo of Pillsbury Winthrop Shaw Pittman LLP Yesterday, the Department of Homeland Security (DHS) released guidance to state and local governments to assist their determination of what businesses should remain operative during the COVID-19 pandemic. The guidance identifies 16 critical infrastructure sectors “and the […]
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FEMA: Defense Production Act No Longer Needed to Secure Thousands of Test Kits

The Federal Emergency Management Agency said it ultimately did not have to use the Defense Production Act to secure medical equipment needed to fight...

New Guidance, Defense Production Act and Other Coronavirus Challenges Vendors Should Know About

Federal contractors finally are getting some much needed guidance on their part to keep the government running over the next month or two as...

Follow Up: White House Issues Order under Defense Production Act as Part of COVID...

Crowell & Moring - In our March 19 alert, we summarized President Trump’s recent executive order invoking the Defense Production Act (DPA). In this...
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