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Lastly, the PPP lender must notify the appropriate SBA Loan Servicing Center, within 5 business days of completion of the transaction, of the (i) identity of the new owner(s) of the ownership interests of the PPP borrower, (ii) the new owner(s)’ ownership percentage(s), (iii) tax identification number(s) for any owner(s) holding 20% or more of the equity in the business and (iv) location of, and the amount of funds in, the escrow account under the… [read post]
Lastly, the PPP lender must notify the appropriate SBA Loan Servicing Center, within 5 business days of completion of the transaction, of the (i) identity of the new owner(s) of the ownership interests of the PPP borrower, (ii) the new owner(s)’ ownership percentage(s), (iii) tax identification number(s) for any owner(s) holding 20% or more of the equity in the business and (iv) location of, and the amount of funds in, the escrow account under the… [read post]
4 Oct 2020, 9:01 pm by Neil Cahn
Dollinger answered in his September 18, 2020 opinion in Matthew A. v. [read post]
4 Oct 2020, 12:17 pm by Giles Peaker
Keshwala & Anor v Bhalsod & Anor (2020) EWHC 2372 (QB) An appeal from a Circuit Judge’s decision refusing relief from forfeiture, focussing on the issue of delay in making the application for relief. [read post]