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News & Updates

Your Daily Three: May 27


May 27, 2020

Read Time

1 minute


  1. Review the reopening guide for your industry. As Illinois plans to move into Phase 3 in June, the Governor has released industry-specific guides for reopening. Each set of guidelines includes a common set of guidelines that are expected and encouraged among all employers and activity types, as well as workplace and program-specific guidelines. While Chicago has not announced when it will move to Phase 3, Chicago has also issued industry-specific guidance for reopening once Phase 3 hits. See our summary. Authored by Becky Canary-King
  1. Client Question: “What happens if a commercial tenant files bankruptcy?”  Understand what can happen and know your legal options. Answered by Sean Williams and Harold Israel
  1. Client Question: “Would employer paid holidays, such as Memorial Day, be included in the PPP forgiveness calculations – either the 8 paid hours of time off or the holiday wages paid for ‘payroll costs’?” Follow these guidelines when calculating FTE. Answered by Aria D. Eckersley

For more resources and LP’s response to COVID-19, visit this webpage.

Filed under: Corporate, Employment & Executive Compensation, Financial Services & Restructuring

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