Corporate and Business

Recent Developments: (A) The “Material Adverse Change” Clause (Part II); and (B) Changes to the Small Business Bankruptcy Debt Limit

Posted on by Neil E. McCullagh in Corporate and Business, Creditors' Rights, Bankruptcy and Insolvency, Litigation

RECENT DEVELOPMENTS: (A) THE “MATERIAL ADVERSE CHANGE” CLAUSE (PART II); AND(B) CHANGES TO THE SMALL BUSINESS BANKRUPTCY DEBT LIMIT. Two years ago, as COVID began to take its toll on the economy, ...
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Understanding Virginia’s “Source of Funds” Protections

Posted on by W. Martin Williams in Corporate and Business

Last October, the Virginia Attorney General’s Office filed several lawsuits against various Virginia landlords and property management companies alleging discrimination against renters participating i...
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PPP Loans: Frenetic Fixes and Forgiveness

Posted on by Kurt Magette in Corporate and Business

The rules related to Payroll Protection Program (“PPP”) loans are confusing. This article provides a summary and, hopefully, some clarity.
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Summary of the Paycheck Protection Program Created in the CARES Act

Posted on in Corporate and Business

The Paycheck Protection Program was created as part of the CARES Act to relieve small businesses impacted by the Coronavirus pandemic.
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Impacts of the Federal Legislative Relief Packages on Small Businesses

Posted on in Corporate and Business

The CARES Act is a stimulus package, which provides over $349 billion for the Small Business Administrationto guarantee loans to small businesses
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Regulations for the Paycheck Protection Program Provide Clarity and More Questions

Posted on in Corporate and Business

This article will summarize the guidance given in the interim rule released on Paycheck Protection Program.
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COVID-19 and the "Material Adverse Change" Clause

Posted on by Neil E. McCullagh in Corporate and Business, Creditors' Rights, Bankruptcy and Insolvency

Due to the COVID-19 pandemic, our firm has received a number of inquiries about “force majeure” and “material adverse change” contract clauses.
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