06Oct
New PPP Rules Governing M&A Transactions
The Small Business Administration issued long-awaited rules governing lender and borrower obligations when there is a change in ownership of an entity that has received a Paycheck Protection Program (“PPP”) loan. The new guidance, issued on October 2, 2020, eliminates the need for SBA approval for many merger or sale transactions, but injects a host of additional procedural and compliance requirements—including that the outstanding balance of the PPP loan be placed in escrow—that could create...
By:
Bracewell LLP
Related
A federal jury will decide whether a tarot card reader who performed at the Colorado Renaissance Fes...
Read More >
The offeror for Moss Bros sought to rely on standard material adverse change conditions to lapse the...
Read More >
UK Case Law Developments - Reliance on HMRC's manual statement can, but didn't, give rise to legit...
Read More >
November 22, 2019, San Antonio Judge Peter Sakai granted a temporary injunction preventing the City’...
Read More >
New Jersey Governor Phil Murphy signed into law on July 2, 2019 the Jake Honig Compassionate Use Med...
Read More >
On September 24, 2019, the U.S. Department of Labor ("DOL") revised the salary threshold for the Fai...
Read More >