NEWS INSIGHTS,

Noteworthy developments affecting our firm, industries and clients.

NEWS
DOES NEW GUIDANCE MAKE PPP LOANS VIABLE FOR U.S. SUBSIDIARIES (OF FOREIGN PARENTS)?

Under the paycheck protection program (“PPP”) of the CARES Act, approximately $670 billion in loan assistance was allocated to small businesses in the United States. The program is administered by the U.S. Small Business Administration (“SBA”) and is intended to fund payroll for employees whose principal place of residence is the United States. The PPP “loans” are intended to be forgiven assuming that loan proceeds are spent predominantly on employee compensation.

May 15, 2020

NEWS
SEC PROVIDES GUIDANCE ON COVID-19 REPORTING RELIEF

Last week, the Securities and Exchange Commission (SEC) published guidance to the COVID-19 Order (Order) it issued in March in which it granted relief to certain filing deadlines for companies that were affected by COVID-19 (link to the Order here) and as a result were unable to make timely filings of their periodic reports, schedules or forms. The new guidance also addresses the effects on extended filing deadlines on the use of Form S-3 for the offer and sale of securities.

May 11, 2020

INSIGHTS

Notable Recent Amendments to the Deleware General Corporation Law
September 27, 2019

NEWS

Home Equity Financing Fintech Noah nabs $150m in funding
April 22, 2020

NEWS

Updates on the Paycheck Protection Program under the Cares Act
April 6, 2020

NEWS

The Coronavirus Aid, Relief, and Economic Security (CARES) Act and Aid for Businesses
March 27, 2020

NEWS

Geoffrey R. Morgan appointed to Financial Accounting Standards Board (FASB) Small Business Advisory Committee
March 26, 2020

INSIGHTS

COVID-19 Bulletin
March 20, 2020

INSIGHTS

Client Brief | SEC Proposes Amendments to Increase Access to Private Capital Markets
December 23, 2019

INSIGHTS

Client Alert | Preparing for the 2020 Proxy Season
October 30, 2019

INSIGHTS

Client Brief | SEC Expands “Testing-the-Waters” Rule Beyond Emerging Growth Companies
October 30, 2019

INSIGHTS

Notable Recent Amendments to the Deleware General Corporation Law
September 27, 2019