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Mayer Brown
On 16 October, the Loan Market Association ("LMA") published an updated version of a list that sets out the near risk-free rate ("RFR") referencing loans which have been announced to date.
Ward and Smith, P.A.
As the impact of COVID-19 on financial markets continues to play out, so does its effect on M&A transactions.
Sheppard Mullin Richter & Hampton
On October 2, 2020, the U.S. Small Business Administration (SBA) released a Procedural Notice providing guidance addressed to Paycheck Protection Program (PPP) lenders and SBA employees.
Foley Hoag LLP
On October 2, 2020, the U.S. Small Business Administration ("SBA") released new guidance on when SBA consent is required in connection with a change in ownership of an entity that has...
Taft Stettinius & Hollister
On Oct. 2, 2020, the Small Business Administration (SBA) issued a Procedural Notice changing the rules regarding when and how the SBA defines a "change of ownership" event.
Ward and Smith, P.A.
Nearly six months after the creation of the Paycheck Protection Program ("PPP"), many borrowers are ready to submit their PPP loan forgiveness applications or have already submitted them.
Holland & Knight
A decision rendered on Aug. 20, 2020, by an investor-state dispute settlement tribunal in the Portigon AG v. Kingdom of Spain arbitration is welcome news for investment funds and banks active in project finance.
McLane Middleton, Professional Association
On August 4, 2020, the SBA published much awaited guidance regarding loan forgiveness.
Ostrow Reisin Berk & Abrams
The Coronavirus Aid, Relief, and Economic Security (CARES) Act created the Paycheck Protection Program (PPP) to provide eligible entities, including small businesses and not-for-profit (NFP)...
Cadwalader, Wickersham & Taft LLP
The exception allows bank executive officers, directors and principal shareholders to apply for PPP loans from related bank affiliates on behalf of small businesses they own.
Duane Morris LLP
On 13 May this year, Dr. Oliver Massmann discussed about the Draft PPP Law with key personnel of the National Assembly.
Smith Gambrell & Russell LLP
Paycheck Protection Program Flexibility Act of 2020, Public Law No: 116-142 (Flexibility Act) was passed, amending portion of P3 to make it more flexible for borrowers, including...
Cadwalader, Wickersham & Taft LLP
The Small Business Administration ("SBA") and Treasury released data on the roughly 4.9 million loans made through the Paycheck Protection Program.
Mintz
Leading up to a webinar on July 15, 2020, we are publishing a blog series covering the risks of enforcement against companies that received COVID-19 relief funds under the CARES Act...
Cadwalader, Wickersham & Taft LLP
The NYDFS also said it "will make related changes to its CRA examination process in response to these amendments."
Frankfurt Kurnit Klein & Selz
Here are two important news items for businesses participating in, or seeking to participate in, the Small Business Administration (SBA)'s Paycheck Protection Program (PPP)...
Cadwalader, Wickersham & Taft LLP
On June 23, 2020, the DOJ charged a Texas business owner with wire fraud, bank fraud and money laundering relating to the filing of fraudulent applications for Paycheck Protection Program ("PPP") loans.
Holland & Knight
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) created the U.S. Small Business Administration's (SBA) Paycheck Protection Program (PPP) to provide relief to small businesses...
WilmerHale
The Congressional Oversight Commission released its second report, which describes key actions the Treasury Department and Federal Reserve have taken under Subtitle A of the CARES Act...
Cadwalader, Wickersham & Taft LLP
Recent press coverage concerning transparency and oversight with respect to the Paycheck Protection Program ("PPP") has largely focused on PPP borrowers and the ability of Congress and federal inspectors.
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