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The SEC Adopts Amendments to MD&A and Other Financial Statement Disclosures

USA - January 13 2021 On November 19, 2020, the Securities and Exchange Commission (“SEC”) announced amendments to certain financial disclosure requirements in Regulation…

Michael C. Haden, Bruce Newsome

New Interim Final Rule: Revisions to PPP Loan Forgiveness and Loan Review Procedures

USA - July 1 2020 On June 22, 2020, the Small Business Administration (“SBA”) released a new interim final rule (“New IFR”) on the Paycheck Protection Program (“PPP”)…

Rachael Apfel, Alexander T. Grishman, James Markus, Daniel Wei

President Signs Paycheck Protection Program Flexibility Act

USA - June 8 2020 On June 5, 2020, President Trump signed H.R.7010, the Paycheck Protection Program Flexibility Act of 2020 (the “PPPFA”). The PPPFA modifies the…

Rachael Apfel, Alexander T. Grishman, James Markus

SBA Issues New Guidance via Interim Final Rule on Foreign Affiliates; Releases Loan Forgiveness Application

USA - May 19 2020 On May 15 and May 18, 2020, the Small Business Administration (“SBA”) provided additional guidance on the Paycheck Protection Program (“PPP”) through…

Rachael Apfel, Alexander T. Grishman, James Markus

SBA Issues New Guidance on Certification of Necessity Safe Harbor

USA - May 13 2020 On May 13, 2020, the Small Business Administration (“SBA”) issued an update to the Frequently Asked Questions document (“FAQs”) relating to its…

Rachael Apfel, Alexander T. Grishman, James Markus