COVID-19: CARES Act: Compensation Limitations for Recipients of Government Assistance

On April 1, 2020, Cravath prepared for its clients a resource entitled “COVID‑19: CARES Act: Compensation Limitations for Recipients of Government Loans,” which reviews how the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) enacted by Congress in response to the COVID‑19 pandemic contains limits on compensation for certain individuals at companies that receive government assistance made available through the legislation. The resource provides a summary of relevant CARES Act provisions, including the compensation limitations and certain unresolved issues raised by the legislation.

Please click here to read the resource.