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

New York Issues Detailed Reopening Plan and Guidance as the State Moves Forward

Seyfarth Synopsis: As part of Governor Cuomo’s New York Forward plan, “Phase One” industries in f...

Read More >

Commercial Division Applies Noerr-Pennington Doctrine to Dismiss Claim for Unlawful Retaliation

In Pozner v. Fox Broadcasting Co., Justice Saliann Scarpulla of the Commercial Division dismissed pl...

Read More >

Companies, Board Members and Officers Take Note: U.S. Antitrust Agencies Are Focused on Interlocking Directorates

The FTC and the DOJ Antitrust Division have again warned companies, along with their board members a...

Read More >

West Virginia Supreme Court’s Newton Decision Clarifies Self-Defense in the Workplace

In the recent decision Newton v. Morgantown Machine & Hydraulics, the Supreme Court of Appeals of We...

Read More >

Protecting Your Most Valuable Assets: How to Identify and Maintain Your Institution’s Trade Secrets

An institution’s trade secrets generally include confidential information with commercial value. Tr...

Read More >

CCPA Amendments Finalized

As you may have heard, five amendments to the California Consumer Privacy Act (AB-25; AB-874; AB-114...

Read More >