SBA Issues Guidance For Ownership Changes Under PPP

Claud Mccoid

Enterprises contemplating mergers and/or acquisitions (M&A) for the duration of this around the globe pandemic have wrestled with the query of how to treat a focus on business that reveals an remarkable Paycheck Protection Method (PPP) mortgage on its guides. The promissory note with the PPP loan provider may perhaps have a provision deeming the borrower to be in default if it variations ownership or company framework, or sells its property, without the need of the lender’s prior written consent……
By: Husch Blackwell LLP

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OFCCP Launches Hotline to Receive Reports Regarding Contractors’ Prohibited Race and Sex Stereotyping

The U.S. Office of Labor Workplace of Federal Contract Compliance Programs (OFCCP) introduced its new hotline and e-mail address to deliver a discussion board to report noncompliance with Govt Purchase 11246 as well as President Trump’s recent government order, which curtails selected personnel diversity and inclusion schooling……By: Faegre Drinker Biddle […]