On March 27, President Trump signed the Coronavirus Aid, Relief and Economic Security Act (CARES Act) which established, among other things, the Paycheck Protection Program (PPP). Under the PPP, the SBA guaranteed loans (PPP Loans) made by SBA Lenders (PPP Lenders) to small and medium-sized businesses (typically, those with 500 or fewer employees). Businesses that obtained PPP Loans (PPP Borrowers) were required to make numerous certifications regarding eligibility to participate in the program,...
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In Part 1 of this series of posts, we discussed how business owners must think beyond the near term and that certain Buyers may view this as an opportune time to acquire a company while certain Sellers may be thinking that the best path forward is to sell their companies. In Part 2, we discussed some initial steps for Buyers and Sellers in preparing to buy or sell the struggling business. In Part 3, we went over due diligence and structuring the transaction. In Part 4, we outlined risks and risk...
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In Part 1 of this series of posts, we discussed how business owners must think beyond the near term and that certain Buyers may view this as an opportune time to acquire a company while certain Sellers may be thinking that the best path forward is to...By: Wendel Rosen LLP
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In Part 1 of this series of posts, we discussed how business owners must think beyond the near term and that certain Buyers may view this as an opportune time to acquire a company while certain Sellers may be thinking that the best path forward is to...By: Wendel Rosen LLP
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In Part 1 of this series of posts, we discussed how business owners must think beyond the near term and that certain Buyers may view this as an opportune time to acquire a company while certain Sellers may be thinking that the best path forward is to...By: Wendel Rosen LLP
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Current events are having a very negative effect on many businesses, but business owners must think beyond the near term to fully assess their business prospects. For some companies, this may be an opportunity to use accumulated cash to acquire...By: Wendel Rosen LLP
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On May 6, 2020, Santa Clara County Superior Court Judge Helen Williams upheld the City of Cupertino’s streamlined approval of a major housing/office project at the site of the former Vallco Fashion Mall through the recently-adopted Senate Bill 35...By: Wendel Rosen LLP
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On April 29, 2020, seven Bay Area public health officers began to issue substantially-similar updated Shelter-in-Place orders (“April 29 SIP Orders”) which become effective at 11:59 p.m. on May 3, 2020, and reclassify all “Construction,” as...By: Wendel Rosen LLP
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Key Points - - The DRC will affect around 150,000 businesses in the construction industry - It will require those receiving a supply of construction services to account for VAT directly to HMRC - In particular, it will affect VAT registered...By: Katten Muchin Rosenman LLP
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Sixteen State legislators from the greater Bay Area took issue with the residential construction limitations contained in the March 31 shelter-in-place order issued by six County (and the City of Berkeley) public health officers (“Health Officers’...By: Wendel Rosen LLP
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