On Wednesday, March 10th, the House passed the American Rescue Plan Act of 2021, the third major federal COVID-19 relief act following the CARES Act and the December 2020 Consolidated Appropriations Act. President Biden is expected to sign it into law Friday.

We virtually welcomed in February more than 200 guests at Vorys’ sixth annual Economic Development Incentives Conference – the nation’s largest annual conference focused on economic development incentives.

It is becoming more common for sellers to insert provisions into a purchase agreement that require the buyer to disclaim reliance on any extra-contractual representations and warranties made by a seller to a buyer.

Even in the midst of the coronavirus (COVID-19) pandemic, the Securities and Exchange Commission (SEC) staff continued to update and streamline disclosure requirements applicable to public reporting companies.

Late on December 27, the President signed a $900 billion relief package that will provide aid to individuals and businesses still struggling with the economic impact of the ongoing COVID-19 pandemic. Both the House and the Senate passed the proposal last week.

On November 20, 2020, the Court of Appeals of Ohio, Second Appellate District, affirmed a judgment upholding a stop work order of a “Wedding Barn” on appellant’s property that appellant asserted had primarily been used for agriculture since 2003.

On October 2, 2020, the Small Business Administration (the SBA) released SBA Procedural Notice Control No. 5000-20057 (the Procedural Notice) regarding Paycheck Protection Program (PPP) Loans and changes in ownership.

Members of the Vorys M&A and Private Equity Groups authored a white paper that addresses attorney-client communication issues in M&A and more.

On June 24th, the Ohio Senate concurred in the Ohio House amendments and passed Amended Senate Bill 4 (S.B. 4), which will now be sent to Governor DeWine for his signature. 

As companies continue to adjust to the realities of working from home and remotely connecting with their employees, customers, and management, the once-theoretical consideration of business continuity planning became a reality that had to be addressed immediately.  Failure to adequately plan, and to sufficiently monitor those initial plans, can subject directors to potential liability for breaching their fiduciary duties. 

A board’s core duties to employ reasonable and effective oversight of management and business operations are even more important in this unique COVID-19 era

Establishing and maintaining a unified medical staff is not without its challenges and hurdles. This Health Care Alert outlines some considerations health systems should evaluate when contemplating a unified medical staff structure.

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."

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.