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The Supreme Court - February 3, 2021 | Dorsey & Whitney LLP

Today, the Supreme Court of the United States issued the following three decisions: Federal Republic of Germany v. Philipp, No. 19-351: In this Foreign Sovereign Immunities Act (“FSIA”) case, the respondents – heirs of three Jewish residents of Frankfurt who were members of a consortium of art firms – brought suit against Germany in the United States alleging that the Nazi government had coerced the consortium into selling its art collection for approximately one-third of its value. The District Court denied Germany’s motion to dismiss on sovereign immunity grounds, and the D.C. Circuit affirmed, finding that the claims fell within the FSIA’s exception to immunity in any case “in which rights in property taken in violation of international law are in issue.” 28 U.S.C. §1605(a)(3). Today, the Court vacated and remanded, holding that the phrase “rights in property taken in violation of international law” in the FSIA’s exception refers to violations of the inter

Justices Find Courts Can Hear Disputes Over Railroad Disability Benefits

Railroad trestles, a stream and wildfire smoke in Idaho. (Courthouse News photo/Chris Marshall) WASHINGTON (CN) The refusal to reopen a benefits determination by a board that oversees decisions on railroad workers’ pensions can be challenged in federal court, a divided Supreme Court ruled Wednesday. “We hold that the board’s refusal to reopen a prior bene­fits determination is a ‘final decision’ within the meaning of [the Railroad Unemployment Insurance Act] and therefore subject to judicial review,” Justice Sonia Sotomayor wrote for the majority in a 13-page opinion.   The case was originally filed by former railroad worker Manfredo Salinas, who suffered debilitating spine injuries during his 15-year career as a carpenter and assistant foreman with the Union Pacific Railroad. 

Paycheck Protection Program Loans

The coronavirus (COVID-19) has had a significant effect on the lives of millions of people across the United States. Small business owners are some of those hardest hit by the pandemic, as governors throughout the country shut down restaurants, bars, retail shops, hair salons and others as a means to stop the spread of the virus. While some organizations still offered online ordering, delivery and carry out options, there s no doubt it will take some time until things are running “business as usual” again. In late December of 2020, Congress passed the 2021 Consolidated Appropriations Act, a $900 billion relief package, which featured not only direct stimulus payments of $600 to qualified adults and $600 per child, but also invested $284 billion into a small business stimulus package. This package includes reviving Paycheck Protection Program (PPP) loans. Since the original PPP program closed on August 8, 2020, after around 5.2 million businesses applied for and received l

What to Know about the Paycheck Protection Program, Round Two | Schwabe, Williamson & Wyatt PC

To embed, copy and paste the code into your website or blog: Unpacking the Economic Aid Act: Consolidated First Draw PPP Interim Final Rule, New First Draw PPP Loans, and Increases to First Draw PPP Loans (January 14, 2021) Late on January 6, 2021, the Small Business Administration (the “ SBA”) and the Department of Treasury released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Program as Amended by Economic Aid Act” (sometimes referred to as the “ Consolidated First Draw PPP IFR” or the “ IFR”). That rule restates existing regulatory provisions into a single regulation on borrower eligibility, lender eligibility, and loan application or origination requirement issues for new First Draw PPP Loans, as well as general rules relating to First Draw PPP Loan increases and loan forgiveness.

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