News

Back to Work: A Step-by-Step Guide to Reopening the Workplace During a Global Pandemic
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If you’d prefer to hear this KTC Client Alert as a Podcast, it is available here.   On May 1, 2020, Governor Jay Inslee announced that the stay-at-home order will be extended through May 31, 2020. With this announcement, Governor Inslee revealed a phased approach for reopening recreational, social, and business activities in Washington State.…

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Karr Tuttle Announces New Practice Area: False Claims Act & Qui Tam Action Defense
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Karr Tuttle Campbell announced the formation of a new practice group that will be knows as False Claims Act and Qui Tam Action Defense.  Attorneys Ronald J. Friedman and Brett A. Elliott will make up the defense team. Ronald Friedman is a former federal prosecutor with over 20 years of federal prosecution experience and, in…

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The Main Street Lending Program
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Many businesses have found themselves too large to qualify for a Paycheck Protection Program (“PPP”) loan as established under The Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), signed into law on March 27, 2020. However, Congress also designed the CARES Act to stimulate other relief programs. Among other things, the CARES Act…

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Foreign Investment Risk Review Modernization Act
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Now in Effect Congress enacted the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA) on August 13, 2018. The legislation became effective on February 13, 2020 after the Department of Treasury issued the final regulations. Changes to Old CFIUS Rules Previously, the Committee on Foreign Investment in the United States (CFIUS) had the authority…

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SBA Affiliate Rules CARES Act
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As of publishing, there appears to be a concerted effort by industry and at least some elements of Congress to broaden the exemption of the application of the “affiliate rules” described below so that much of the analysis below would become moot. Yesterday, Speaker Pelosi’s office sent a letter to the Treasury Department urging them…

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Expanded SBA Loan Programs Under the CARES Act
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We are providing our clients periodic updates to address the rapidly changing work environment in the wake of the coronavirus pandemic. Today’s update is focused on the expanded Small Business Administration (“SBA”) loan programs available under the $2.2 trillion emergency aid legislation titled the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) that was…

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Temporary Restrictions on Evictions and Foreclosures in Seattle
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The spread of the Novel Coronavirus (COVID-19), and the government imposed and suggested restrictions and guidance to attempt to slow that spread, have resulted in significant impacts to the economy as a whole and to individuals and small businesses throughout the United States. The City of Seattle, the State of Washington and the federal government…

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Business Interruption Caused by COVID-19: Is it Covered?
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As economic losses from the COVID-19 pandemic mount, businesses and employers of all types-restaurants, manufacturers, distributors, event sponsors, educational institutions, health care facilities, just to name a few, are asking: Do I have insurance coverage for my losses? This Alert provides some basic information about insurance coverage for Business Interruption and is a starting point…

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Commercial Lease Obligations in the Time of COVID-19
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As of March 25, 2020, all non-essential businesses, including all restaurants, bars, entertainment and recreational facilities, in Washington State (with few exceptions) have been ordered to close for at least two weeks in an effort to slow the spread of COVID-19 (the Novel Coronavirus). This order will likely be extended for additional time if the…

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