On August 24, the Small Business Administration released an additional interim final rule regarding forgiveness qualifications under the Payment Protection…
Advisories
Client Alert: SBA releases updated guidance for the loan forgiveness process under the PPP – August 14, 2020
Late on August 11, the Small Business Administration (“SBA”) released updated guidance for the loan forgiveness process under the Payment…
Client Alert: Proposed Regulations On Carried Interests Would Impact Many Fund Managers – August 6, 2020
The IRS issued proposed regulations on July 31, 2020 to provide guidance that would impact many investment fund and hedge…
Client Alert: Essential State Planning Documents July 15, 2020
Lately we have been getting calls from existing clients and new clients asking if their estate planning documents need to…
Client Alert: Lease Obligations During Bankruptcy Proceedings: Recent Noteworthy Court Decisions – July 3, 2020
The COVID pandemic has given rise to efforts by lessees of retail space to seek to defer rent payments in…
Client Alert – SBA Unveils “EZ” Forgiveness Application Form – June 19, 2020
Late on Wednesday June 17, the Small Business Administration (the “SBA”) released additional guidance in relation to the Paycheck Protection…
Client Alert: House Passes Bill Easing Restrictions on PPP Loan Forgiveness – May 30, 2020
On May 28, 2020, by a vote of 417 to 1, the U.S. House of Representatives approved the Paycheck Protection…
Client Alert: SBA Releases Formal Rules Regarding PPP Loan Forgiveness – May 25, 2020
On May 23, 2020, the SBA released a pair of interim final rules relating to the Paycheck Protection Program (the…
Client Alert: Proposed Legislative Amendments to the Paycheck Protection Program – May 21, 2020
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…