X
15Oct

Buyers’ obligation to assume PPP debt hinges on need for SBA approval

The Small Business Administration recently published a procedural notice on changes of ownership for PPP borrowers. One specific area where we’ve seen confusion is whether the procedural notice requires a buyer to assume all of the PPP borrower’s obligations in an asset sale transaction....
By: Bryan Cave Leighton Paisner
Source Url: https://www.jdsupra.com/legalnews/buyers-obligation-to-assume-ppp-debt-71085/

Related

Reasonable belief and whistleblowing claims

Background to reasonable belief in the public interest - The public interest test was introduced a...

Read More >

Construction Companies Rethinking Safe Work Environments During COVID-19

Over the course of the coronavirus pandemic, the Occupational Safety and Health Administration (OSHA...

Read More >

AI, Automation, & Wearable Technology: Modern Tools in the Modern Workplace

On Thursday, January 30, members of Verrill’s Labor & Employment Group and Employee Benefits & Exec...

Read More >

Pennsylvania Court Holds Employees May Sue Under Medical Marijuana Act

A Pennsylvania state court held that the state’s Medical Marijuana Act creates a private right of a...

Read More >

Providers and Suppliers: Do You Have Skeletons in Your Enrollment Closet?

On September 10, 2019, the Centers for Medicare & Medicaid Services (CMS) published a final rule sig...

Read More >

Michigan Legislature Considers Package of Bills Addressing Wage Theft, Independent Contractors, and Noncompetes

On August 29, 2019, legislators from the Michigan House of Representatives announced an ambitious pa...

Read More >