On April 30 the IRS issued Notice 2020-32, which concludes that where an employer obtains forgiveness of an amount of a PPP loan, the employer may not claim a tax deduction for the eligible expenditures resulting in such forgiveness.
We’ve compiled the following highlights of changes to patent, trademark, and copyright operations around the world. The following are a few recent updates.
The Small Business Administration and the Treasury updated the PPP Frequently Asked Questions on April 23 and suggested that certain businesses that have already obtained PPP loans should repay their loan in full by May 7 if they cannot demonstrate that as of the date of application, the loan was necessary to support their ongoing operations due to the current state of the economy.
On April 24, 2020, the Small Business Administration (SBA) released its fourth Interim Final Rule titled “Business Loan Program Temporary Changes: Paycheck Protection Program – Requirements – Promissory Notes, Authorizations, Affiliation, and Eligibility."
On April 23, 2020, the Court ruled that, while it was an important factor for courts to weigh, willfulness could not be an "inflexible precondition" to recovery in a case of infringement of a federal trademark.
Following weeks of negotiations, today Congress passed the Paycheck Protection Program and Health Care Enhancement Act providing a relief from the widespread economic injury caused by the COVID-19 public health emergency.
On April 17, the Federal Reserve Board announced an interim final rule that temporarily relaxes lending restrictions on member banks who make Paycheck Protection Program (PPP) loans to businesses owned by certain bank insiders.
On April 23, 2020, the U.S. Supreme Court, in a 6-3 decision, held that a permit is required for either “a direct discharge of pollutants from a point source into federally regulated navigable waters, or when there is the functional equivalent of a direct discharge.”
The new Presidential Proclamation does not apply to nonimmigrant temporary workers including agricultural workers who enter the U.S. on the H-2A Temporary Agricultural Worker Program.
On April 21, 2020, the Ohio Supreme Court (the Court) ruled that the primary use of a barn, rented out for various social events, including weddings, was to facilitate the sale of wine cultivated and produced on the land.
On April 14, 2020, the Ohio Department of Medicaid (ODM) submitted a request for the federal Centers for Medicare & Medicaid Services (CMS) to approve a State Plan Amendment (SPA) and waivers of specified regulatory requirements.
In response to the economic toll of the COIVD-19 pandemic, Pennsylvania has enacted new notification requirements in its unemployment compensation law.
In Thryv, Inc. v. Click-to-Call Technologies, LP, the Supreme Court recently held that a decision by the Patent Trial and Appeal Board to institute an inter partes review (IPR) of a patent cannot be reviewed on appeal, even if the institution of the IPR was in violation of the one-year time bar in the America Invents Act.
While we are all familiar with the way in which lawsuits are typically resolved, there is one method that is often underutilized: the use of a private, retired judge.
In these unforeseen and unique circumstances surrounding the Coronavirus (COVID-19) pandemic, we want to keep our clients abreast of how patent and trademark offices around the world are handling deadlines and other issues.
Having addressed how to conduct hybrid or virtual-only shareholder meetings, corporate boards now must consider virtual board meetings in this COVID-19 era, and decide how to mitigate the additional legal risks they present.
