Business & Commercial Law
New Jersey Law Blog
Pending Legislation Limiting Collection
Posted in Business & Commercial Law
Although CAI-LAC has received word that both houses of the Legislature have pulled the collection moratorium bill COVID-19 Financial Security for Consumers Act, from the bills to be heard today, it does not mean that the bill will not advance. We believe it means the Legislature is aware how devastating… Continue reading
Business Divorce Cases Often Involve Complex Non-Corporate Issues
Posted in Business & Commercial Law
Business break-up cases require a complex, interdisciplinary approach to solving problems associated with the fractured relationships between the owners of a closely held company. A business divorce attorney must have an in-depth knowledge of corporate, employment, contract, and business tort law. It is important when selecting an attorney to represent… Continue reading
Family Law and COVID-19: Protections from Domestic Violence
Posted in Business & Commercial Law
New Jersey, like most of the United States, has been given “stay-at-home” orders designed to stop the spread of COVID-19 and protect the general public. However, to a victim of domestic violence who is trapped in perpetual proximity to their abuser, these “stay-at-home” orders actually equate to the notion of… Continue reading
Small Business Emergency Assistance Loan Program
Posted in Business & Commercial Law
The New Jersey Economic Development Authority (NJEDA) has approved a series of aid packages for small/mid-size businesses in the amount of $75 million. The NJEDA programs focus on businesses that have been hit the hardest by COVID-19. One of the NJEDA programs, the Small Business Emergency Assistance Loan Program is… Continue reading
Termination of Employees with Restrictive Covenants Could Negatively Affect Enforcement
Posted in Business & Commercial Law
Terminating an employee who is subject to a restrictive covenant may void that agreement in states that permit and enforce them. For example, New York law provides that an employer cannot enforce a restrictive covenant if it terminated the employee. See, Buchanan Capital Markets, LLC v. DeLucca, 144 A.D. 3d… Continue reading
Second Update – Additional Tax Relief Because of COVID-19
Posted in Business & Commercial Law
On March 20, 2020, the IRS issued Notice 2020-18, updating their Notice issued two days earlier. Notice 2020-18 extended the payment date AND the filing date for income tax returns from April 15 to July 15, 2020. This includes income tax returns for individuals, trusts, estates, partnerships, associations, companies and… Continue reading
Update: Stimulus Payments – When Do I Get Mine?
Posted in Business & Commercial Law
On April 1, 2020, the Department of Treasury and the IRS announced that Social Security beneficiaries who are not typically required to file tax returns will not need to file an abbreviated tax return to receive a stimulus payment. Instead, the IRS will use the information of the Form SSA-1099… Continue reading
Shades of Green: TTAB Allows Registration of Color Mark
Posted in Business & Commercial Law
While studies show that each individual sees color differently, the Trademark Trial and Appeal Board (TTAB) determined that as used on medical gloves, a shade of light green is not confusingly similar to a shade of dark green. In a black-and-white decision, the TTAB reversed a Trademark Examining Attorney’s refusal… Continue reading
SBA Issues Interim Rule and Guidance to CARES Act Paycheck Protection Program
Posted in Business & Commercial Law
Yesterday evening, the SBA posted an Interim Final Rule for the Paycheck Protection Program (“PPP”). This is not the final rule, but it provides changes to the Paycheck Protection Program and guidance for applicants and lenders. Some of the notable updates include:
Department of Labor Temporary Rule Defines and Explains Small Business Exemption to Employer Paid Leave Requirements Under Families First Coronavirus Response Act
Posted in Business & Commercial Law
On Wednesday, the United States Department of Labor (“DOL”) posted a temporary rule issuing regulations implementing the paid sick leave and expanded family and medical leave requirements established by the recently enacted Families First Coronavirus Response Act (“FFCRA”), which went into effect this week. The Department’s temporary rule, which is… Continue reading
