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

The Delaware Court of Chancery Rejects Termination of Merger Agreement Based on Material Adverse Effect

In Channel Medsystems, Inc. v. Boston Scientific Corporation, the Delaware Court of Chancery rejecte...

Read More >

State & Local Employment Law Developments: Q2 2019

State and local governments are increasingly regulating the workplace. Although it is not possible t...

Read More >

It’s a Holly, Jolly . . . Potential Folly?: Travel Tips for U.S. Work Visa Holders During the Holiday Season

’Tis the season for celebrating the holidays! Globally, offices and plants are closing their doors ...

Read More >

There Is No Delay When It Comes to FMLA: Union Workers Cannot Delay FMLA Leave According to Recent DOL Opinion Letter

The Wage and Hour Division (WHD) of the U.S. Department of Labor has issued guidance that collective...

Read More >

Bill Expanding NYC Human Rights Law to Protect Independent Contractors and Freelancers Becomes Law

Seyfarth Synopsis: Once effective, the anti-discrimination and retaliation provisions of the NYC Hum...

Read More >

10 Tips to Mitigate the Risk of Deal Breakups in the Era of COVID-19

People involved in mergers and acquisitions know there are risks inherent in every deal, including t...

Read More >