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May 20, 2020 News
We are pleased to announce that David J. Ben-Dov has joined the firm as a partner. David is a valued legal and business counselor who focuses on complex business litigation.
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May 20, 2020 NewsIntellectual Property
Our focus on your success is more than just our tagline. It is our mission and our commitment to our clients. We would like to share a client’s success story that demonstrates that commitment.
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May 20, 2020 News Coronavirus AlertsReorganization & Bankruptcy
The U.S. Chamber of Commerce predicts that 40% of the nation’s 30 million small businesses could close permanently in the next six months. Are you worried that your business will be one of the statistics? It may not have to be.
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May 20, 2020 Newsletters
- How Commercial Insurance Policies Define And Cover “Business Interruption”
- Is Your Business Prepared To Identify And Address A Cybersecurity Breach?
- GCT ALERT: Coronavirus Summary
- GCT Welcomes A New Partner
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May 5, 2020 News Coronavirus Alerts
GCT attorneys have highlighted eight challenges they can help you address amidst the COVID-19 pandemic.
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May 1, 2020 News Coronavirus Alerts
The relief provisions of the CARES Act generally benefit coronavirus-impacted participants with accelerated retirement plan benefit payments and participant loan extensions. But what actions can employers take to relieve financial stress by reducing the cost of retirement plan benefits?
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April 28, 2020 News Coronavirus AlertsCorporate
On April 24, 2020, President Donald Trump signed into law an additional $484 billion coronavirus relief aid package. Significantly, the bill provides a new $310 billion round of funding for the Paycheck Protection Program (“PPP”).
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April 23, 2020 News Coronavirus Alerts
For purposes of the 401(k) and retirement plan relief provisions of the CARES Act, employers will be dealing with a new category of employee, the coronavirus impacted participant, or "CIP" for short.
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April 17, 2020 News Coronavirus AlertsEmployment Law
As of Thursday, April 16, 2020, the nearly $350 billion allocated to fund the Payroll Protection Program (“PPP”, previously discussed in detail here) had been entirely committed. According to the American Bar Association, the Small Business Administration is no longer taking applications, and will not allow new applications to be placed in a queue.
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April 16, 2020 EventsThe University Club of Chicago, 76 E. Monroe Street, Chicago, Illinois 60603
Alumni and guests are invited to join members of the University of Illinois College of Law community at the annual alumni dinner in Chicago, featuring remarks by Dean Vikram Amar and Professor Andrew Leipold, and presentation of the Distinguished Alumni Award to GCT partner, David Saltiel, Class of 1979.
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April 10, 2020 News Coronavirus Alerts
While we are following Governor Pritzker’s order to stay at home, our firm is still working. Because we have received many questions in the last few weeks, we want to reach out to you to provide a few reminders and tips.
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April 6, 2020 News Coronavirus Alerts
Employers who are faced with difficult decisions on reductions in their workforce need to consider group health coverage issues. Are employees on furlough, a leave of absence, or working reduced hours eligible for continued group health coverage for themselves and their families?
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April 4, 2020 News Coronavirus Alerts
Since we published our initial alert regarding the Families First Coronavirus Response Act, both the Department of Labor and the IRS have updated their guidance interpreting the complicated new law.
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April 1, 2020 News Coronavirus Alerts
On March 27, 2020, President Donald Trump signed the Coronavirus Aid Relief and Economic Security Act (“CARES Act”) into law. The law contains a number of provisions that deal directly with retirement plan benefits.
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March 31, 2020 News Coronavirus Alerts
On March 27, 2020, President Donald Trump signed the Coronavirus Aid Relief and Economic Security Act (“CARES Act”) into law. The law includes significant aid for small businesses and individuals affected by the novel coronavirus and the surrounding economic consequences.
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March 31, 2020 News
Women’s advocacy organizations in Chicago decided to push back the Equal Pay Day rally to center the experiences of women of color, and in recognition of the fact that we will not close the gender wage gap until every woman is compensated with equal pay for equal work.
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March 27, 2020 News Coronavirus Alerts
On March 26, 2020, Illinois Governor Pritzker issued Executive Order 2020-14. In response to the risk of in-person contact necessary in the notarization and witnessing of documents, the Executive Order allows notaries and witnesses to carry out their respective duties through video-conferencing.
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March 26, 2020 News Coronavirus Alerts
The financial stress of the coronavirus pandemic is impacting many businesses and their employees. In this environment, employers in particular may need to review their 401(k) plans and consider the planning opportunities that may be available to them.
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March 25, 2020 News Coronavirus Alerts
In Notice 2020-18, the Internal Revenue Service announced Federal income tax return filing and payment relief by moving the due date for filing certain returns and paying the related taxes from April 15 to July 15. The Service has released an FAQ that offers guidance as to which tax returns (and their related payments) are eligible for this relief, which may be accessed here.
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March 25, 2020 News Coronavirus Alerts
The Families First Coronavirus Response Act (“Families First Act”), is the first federal emergency relief bill that addresses the ongoing COVID-19 pandemic. The Act creates two new temporary laws – the Emergency Family and Medical Leave Expansion Act (“EFMLA”) and the Emergency Paid Sick Leave Act (“EPSLA”).
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March 24, 2020 News Coronavirus Alerts
If your business has been impacted by the Coronavirus Outbreak and the most recent mandate of our governor to “Shelter in Place,” you are not alone.
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March 20, 2020 News Coronavirus Alerts
If your business is closed or is suffering from a drop off in sales as a result of the Coronavirus Outbreak, we encourage you to stay calm. While bankruptcy is always an option, you may be able to ride out the storm by trying to reduce your expenses.
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March 18, 2020 News Coronavirus Alerts
On Tuesday, March 17, 2020, Secretary of the Treasury, Steve Mnuchin, speaking at a coronavirus news conference, announced that the government will be deferring required 2019 income tax payments for 90 days, penalty-free.
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March 16, 2020 News Coronavirus Alerts
We are vigorously monitoring the information and news concerning coronavirus (COVID-19). Our firm has taken steps to ensure that we respond to our clients’ needs and continue to provide a high level and quality of service while also protecting our employees and their families.
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March 9, 2020 News
The Leading Lawyers Network has recognized four GCT attorneys in their 2020 Leading Lawyers list along with a firm recognition in their Top 100 Law Firms list. In addition, Chicago Lawyer Magazine has also recently recognized five firm attorneys in their Top Tax-Related Lawyers and Top Trust, Will & Estate Lawyers lists.
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