Chancery Court Provides Additional Guidance on Disclosure Requirements for Corwin Analysis -
One of the most significant decisions of the Delaware Chancery Court in the last 15 years was the court’s ruling in Corwin v....more
4/5/2023
/ Acquisitions ,
Contract Terms ,
Coronavirus/COVID-19 ,
Corwin Doctrine ,
Disclosure Requirements ,
Entire Fairness Standard ,
Federal Trade Commission (FTC) ,
Material Adverse Effects ,
Mergers ,
Misrepresentation ,
Non-Compete Agreements ,
Purchase Agreement ,
Restrictive Covenants ,
Sandbagging
On May 28, the House of Representatives passed legislation that amends certain provisions of the Paycheck Protection Program (PPP) largely in an effort to extend the period by which borrowers are permitted to use the proceeds...more
On May 13, the SBA published FAQ #46 in its continuing list of frequently asked questions, regarding the review of borrower’s good faith certification of the necessity of their loan request. Notably, the SBA announced that...more
5/14/2020
/ CARES Act ,
Certification Requirements ,
Coronavirus/COVID-19 ,
Federal Loans ,
Good Faith ,
New Guidance ,
Paycheck Protection Program (PPP) ,
Safe Harbors ,
SBA ,
SBA Lending Programs ,
U.S. Treasury
The Main Street Lending Program (the “MSLP”) is designed to provide capital to small- and medium-sized businesses that were in sound financial condition before the pandemic. The MSLP will operate through three facilities...more
5/11/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Credit Facilities ,
Federal Reserve ,
Financial Stimulus ,
Main Street Lending Programs ,
Main Street New Loan Facility ,
SBA ,
Special Purpose Vehicles ,
Term Sheets ,
U.S. Treasury
On April 9, the Treasury Department and the Federal Reserve announced two new lending facilities to provide capital to small- and medium-sized businesses. The Main Street New Loan Facility (the “New Loan Facility”) will...more
4/13/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Credit Facilities ,
Emergency Management Plans ,
Federal Reserve ,
Financial Markets ,
Liquidity ,
Paycheck Protection Program (PPP) ,
Private Equity ,
Special Purpose Vehicles ,
Venture Capital
Despite assertions from Congressional leaders on both sides of the aisle that the affiliation rules would be waived for applicants with outside minority investors, additional SBA guidance only provided relief for faith-based...more
In response to the overwhelming domestic and global economic impact of the COVID-19 pandemic, Congress recently enacted legislation to provide relief to small businesses across the United States. ...more
COVID-19 continues to present novel challenges and disruptions to the merger and acquisitions market during this unprecedented time. New requirements for electronic filing during the COVID-19 outbreak under the Hart-Scott...more