On March 19, New York Governor Mario Cuomo issued Executive Order No. 202.7, “Continuing Temporary Suspension and Modification of Laws Relating to the Disaster Emergency” (the “Order”). The Order Notably, effective through April 18, 2020, the Order authorizes the performance of notarial acts through the use of audio-video technology. Specifically, the Order provides that any […]
Covid-19
New York Financial Regulator Requires COVID-19 Risk Assessment, Operational Planning
Last week the New York Department of Financial Services (the “Department”) issued letters to all its licensed financial institutions. Based on these letters (available here and here), all Department licensees must assess and plan for the financial risk of COVID-19 and, separately, develop operational plans for managing their response to the virus. The Department requires written responses “as […]
Six Practical Tips for Practicing Cyberhygiene in the Middle of a Global Pandemic
Businesses large and small are encouraging (or requiring) employees to work remotely or cancel work travel as part of the response to COVID-19. But suddenly expanding the number of employees working remotely comes with increased cybersecurity and information technology risks. A cybercriminal (including malicious insiders) will have a target-rich environment during this time since more […]
Coronavirus and Securitization: Disclosure and Diligence Issues
Mortgage-backed and asset-backed securities are beginning to feel the effects of quarantines and social distancing as people spend – and earn – less money. Our Finance Group explores the basic disclosures to consider with any securitization and how best to address them during the coronavirus pandemic. Four disclosure issues for securitization Two key diligence issues […]
Alston & Bird Webinar Series: Coronavirus: What Does My Business Need to Know?
Thursday, March 12, 2020 | 11:00am ET For Employers: Coronavirus and Travel: A Complicated Business Decision The 2019 novel coronavirus outbreak (also known as COVID-19) causes respiratory illness and can spread from person to person. There have been thousands of deaths reported globally, making the coronavirus deadlier than SARS. Coronavirus infections have been reported in dozens […]