In the coming days, the U.S. House of Representatives is expected to vote on a bill (the “Proposed Bill”) addressing…
Client Alert: Interfacing PPP Loans with Existing Credit/Loan Agreements – May 19, 2020
Many credit/loan agreements contain express prohibitions against borrowers incurring additional indebtedness. These agreements often also include financial covenants that could…
Client Alert: PPP Loan Forgiveness Calculator Issued by Treasury – May 16, 2020
The Paycheck Protection Program (PPP) is an unprecedented and fascinating example of colossal and continuously-changing fiscal policy. Until now the…
Client Alert: Paycheck Protection Program Update: Continued Guidance on “Necessity” Certification – May 14, 2020
On May 13, 2020, the Small Business Administration (SBA) updated the Paycheck Protection Program (PPP) Loans Frequently Asked Questions (FAQs)…
Client Alert: Federal Reserve Board Expands the Main Street Lending Program – May 4, 2020
On April 30, 2020, the Federal Reserve Board announced that it is expanding the scope of its new lending program…
Client Alert: New Treasury Rule Establishes a $20 Million Aggregate Maximum for PPP Loans to Businesses with Common Majority Owners – May 1, 2020
On April 30, 2020, the U.S. Treasury released a new Interim Final Rule for the Paycheck Protection Program (“PPP”), establishing…
Client Alert: SBA and Treasury Department Offer Further Guidance for PPP and the CARES Act – April 23, 2020
GEABP lawyers have routinely advised our clients to pay special attention to the loan certification requirements of the SBA’s Paycheck…
Client Alert- FFCRA Paid Sick Leave and Expanded Family & Medical Leave – April 17, 2020
On March 18, 2020, the Families First Coronavirus Response Act (the “FFCRA”) was signed into law. On April 1, 2020,…
Client Alert: Employment Tax Deferral and Refundable Employment Tax Credits Under The CARES Act and FFCRA – April 17, 2020
This Alert, in following up on our previous tax-related alerts, focuses on the Employment Tax Deferral and Refundable Employment Tax…
Client Alert: Insurance Coverage for Management of Crisis Events – April 15, 2020
Some insureds have Directors and Officers policies or other policies that include what is commonly known as crisis management or…