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

Baltimore County Gets Ready for 2020 Comprehensive Zoning Map Process

In September 2019, Baltimore county will kick off the Comprehensive Zoning Map Process (“CZMP”).  ...

Read More >

Employee Has Right to FMLA Leave Even if Medical Condition is Undiagnosed as of Date of Request

Qualified employees may take job-protected leave under the Family and Medical Leave Act based on the...

Read More >

New Year: New OSHA Penalties, Full Commission And New Top Ten List

As we start the new year, following the Federal Civil Penalties Inflation Adjustment Act which Congr...

Read More >

Over 50 M&A Deals Have Been Challenged This Year by a Single Group of Lawyers

The Delaware Court of Chancery’s 2016 decision in In re Trulia Stockholder Litigation sought to add...

Read More >

New York Expands Pay Equity Law Beyond Equal Work and Gender and Bans Inquiries into Salary History

On July 10, 2019, New York Governor Andrew Cuomo signed legislation significantly expanding the prot...

Read More >

Key Takeaways from GAO’s Annual Bid Protest Report

The Government Accountability Office (GAO) recently issued to Congress its annual bid protest report...

Read More >