October 8, 2020

PPP Loans (Part 2): PPP Loans in a Transaction

Recently, we published a brief article concerning the treatment of a PPP loan in a change of control transaction; specifically, the sale of a PPP borrower’s business.  In our experience in such transactions, to date,

October 6, 2020

Call to Action: Check Your Leases

Imagine the following scenario: perhaps even a typical scenario in today’s commercial real estate environment.  A commercial landlord receives a notice from its tenant’s legal counsel.  The notice...

September 17, 2020

PPP Loans (Part 1): PPP Loans in a Transaction

How does a PPP loan that has not yet been forgiven get handled in a mergers and acquisitions (M&A) deal? “It depends.”  Most clients are familiar with this phrase from their lawyer.  In most cases...