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In Case You Missed It – Unfreezing Funds, Avoiding Furloughs, and Other Measures
On January 31, Nichols Liu held another Town Hall in response to the foreign assistance executive order.
Nichols Liu partner Robert Nichols stated that the firm has found a plaintiff to challenge the non-payment of invoices and the suspension of grants and cooperative agreements. The industry is being called upon to support the effort. He explained that Nichols Liu has developed a possible method to retain employees and minimize financial risks during the stop-work periods. Moreover, he noted that the firm is in discussions with banks and lenders on whether and how to extend lines of credit during this crisis.
Watch the video below