The SBA has issued a long-awaited Procedural Notice providing guidance on the procedures for changes of ownership of an entity that has received Paycheck Protection Program funds.This mem...
The coronavirus (COVID-19) pandemic hit in the middle of the annual corporate reporting season, with a large number of UK listed companies in the midst of releasing preliminary results an...
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides economic support in multiple forms to nonprofit and tax-exempt organizations facing hardship due to the COVID-1...
The NYSE has adopted new, temporary exceptions to its shareholder approval rules in light of corporate financing needs related to the coronavirus (COVID-19) pandemic. The new rule provide...
The government’s response to the COVID-19 pandemic and its collateral damage to the economy have been unprecedented. The government has established several programs for people who work ...
In response to the global COVID-19 pandemic, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) released a Fact Sheet on April 16, 2020 regarding provisions re...
On April 20, 2020, the UK Chancellor, Rishi Sunak announced a new £500 million scheme (delivered by the UK Government in partnership with the British Business Bank) to provide convertibl...
We have prepared a concise table of the many Fed programs to help companies, financial institutions and markets in the coronavirus (COVID-19) emergency. The table covers discount window a...
The CARES Act provides for a $349 billion expansion of the existing Small Business Administration loan program for small businesses. However, the CARES Act does not appear to have overrid...
Davis Polk has prepared two memos describing key portions of the bill just signed into law: the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). In this memo, we cover the...