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
On April 8, 2020, Judge Leonard Stark of the U.S. District Court for the District of Delaware denied...
Read More >
Since February 2020, the spread of COVID-19 (commonly referred to as the coronavirus) has morphed in...
Read More >
In Allen v. Ambu-Stat, LLC, No. 18-10640 (January 16, 2020), the U.S. Court of Appeals for the Eleve...
Read More >
In Channel Medsystems, Inc. v. Boston Scientific Corporation, the Delaware Court of Chancery rejecte...
Read More >
It is well established that, in general, employers, whose employees are represented by a union, comm...
Read More >
The DE OFCCP Week in Review (WIR) is a simple, fast and direct summary of relevant happenings in the...
Read More >