The U.S. Patent and Trademark Office granted additional, limited relief to those most impacted by COVID-19 for certain patent and trademark-related fees and deadlines. This relief is far more limited than the previous relief and aims primarily to assist individuals and small businesses.
Prior to the full and crippling outbreak of the Coronavirus in the United States, a number of companies entered into preliminary agreements to buy or sell assets, including real estate, intellectual property, stock, and subsidiaries or affiliates.
The Internal Revenue Service recently released guidance that may help to prevent some non-resident alien individuals from becoming subject to U.S. tax on their global income due to the COVID-19 pandemic.
On April 24, 2020, the President signed into law the Paycheck Protection Program and Healthcare Enhancement Act, amending the CARES Act to increase funds available to eligible businesses through the Paycheck Protection Program by approximately $310 billion.