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Debt Relief beyond the PPP – Loans Eligible for the SBA to make Six Months of Payments
April 20, 2020
For anyone considering a business acquisition, now may be a great time to do it. Many buyers finance business acquisitions using 7(a) loans. A 7(a) loan is a general-purpose loan up to $5 million, which can be used to purchase a business, purchase equipment, or obtain working capital, among other uses. 504 loans are loans for the limited purpose…
Read MoreIs it vegan meat possible?
April 20, 2020
Is it vegan meat possible? A whopper? Watchdog bans ads for Burger King ‘vegan-suitable’ Rebel ASA says campaign implied burger did not contain beef or other animal products An ad campaign for Burger King’s first plant-based burger has been banned by the advertising watchdog for implying it is suitable for vegans and vegetarians when it…
Read MoreThe passage of the CARES Act has made available $349 billion in potentially forgivable loans to small businesses (500 employees or fewer) via the Paycheck Protection Program (PPP). Naturally, many companies are applying for PPP loans to mitigate the impacts of the COVID-19 pandemic. We have even heard some small-business owners crow that this is…
Read MoreJägermeister logo does not offend Christians, court rules The logo for the popular alcoholic drink Jägermeister was found not to be religiously offensive by a Swiss court earlier this week. Judges in Switzerland rejected Monday a case brought by the country’s Federal Institute of Intellectual Property demanding the emblem be restricted because the image was…
Read MoreThese general rules should be followed when considering a reduction in hours, a reduction in wages, or termination in North Carolina. If there is an employment agreement in place, the provisions of the agreement will generally take precedence over these rules. Reducing Hours • An employer is free to adjust the hours of its employees…
Read MoreSEC and Investigations
April 15, 2020
SEC Enforcement Expected To Surge On COVID Volatility Following the erratic stock market swings fueled by the COVID-19 crisis, attorneys expect a surge in U.S. Securities and Exchange Commission investigations tackling a broad range of potential violations, from outright fraud to disclosure issues. The SEC will put investment firms, broker-dealers and public companies under the…
Read MoreDebt Relief beyond the PPP – Loans Eligible for the SBA to make Six Months of Payments
April 15, 2020
Aside from the Paycheck Protection Program, are you aware of the other small business relief program created by the CARES Act? Under the Debt Relief Program, the SBA will automatically be making six months’ worth of payments on eligible loans, including existing loans and any new loans taken out prior to September 27, 2020. For…
Read MoreDo you know what novel law is?
April 14, 2020
Novel Legal Challenges from the New Coronavirus: Force Majeure The unfolding situation is implicating previously seldom-used contractual excuses in a variety of commercial contexts. This article explores potential frameworks for navigating contractual challenges in light of potential future litigation. The business community is faced with unforeseen litigation risk, in addition to the other challenges it…
Read MoreGM Seeks Tariff Relief for Ventilator Parts
April 14, 2020
WASHINGTON—General Motors Co. is asking the Trump administration to drop import tariffs on Chinese parts that the auto maker needs to make ventilators, saying the levies will make it more expensive to build desperately needed machines that can save lives. In a letter to the U.S. Trade Representative, GM officials asked the federal government to…
Read MorePaycheck Protection Program
April 13, 2020
Best regards und viele Grüße aus Charlotte Reinhard von Hennigs www.bridgehouse.law
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