On October 30, 2020, the Small Business Administration (SBA) released two new forms which require the disclosure of information from Paycheck Protection Program (PPP) borrowers that received PPP loans with an original principal amount of $2 million or more.

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.

On October 22, 2020, Michigan enacted four COVID-related laws that provide protections to businesses and to employees.

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.

Effective October 23, 2020, the Department of Health and Human Services (HHS) Secretary has again renewed its declaration that a Public Health Emergency (PHE) exists in connection with COVID-19.

As a result of the COVID-19 pandemic, the U.S. Senate passed multiple phases of federal Coronavirus relief legislation, including the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act), the third phase of the legislation.

In response to the COVID-19 pandemic, Congress enacted the Families First Coronavirus Response Act (FFCRA).

Leaving businesses scrambling, the European Union Court of Justice invalidated the EU-U.S. Privacy Shield on July 16, 2020. Late last week, the European Data Protection Board (EDPB) published twelve Frequently Asked Questions on the judgment.

On Thursday, July 23, 2020, Department of Health and Human Services (HHS) Secretary Alex Azar officially renewed the declaration that a Public Health Emergency (PHE) exists in connection with COVID-19.

On July 16, 2020, the Court of Justice of the European Union invalidated reliance on the EU-U.S. Privacy Shield program for the transfer of data from within the EU to entities within the U.S.

On June 16, 2020, Governor Mike DeWine signed Executive Order 2020-24D, which provides several circumstances that will now constitute “good cause” for refusing suitable work during the pandemic. 

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. 

On June 5, 2020, President Trump signed into law the Paycheck Protection Program Flexibility Act of 2020 (the Flexibility Act), which made some key changes to the Paycheck Protection Program (PPP).

Now that employees are returning to work and businesses are reopening their doors to customers, many businesses are searching for ways to limit liability relating to potential COVID-19 infections.  To that end, some employers are considering whether to require COVID-19 liability waivers for their employees, customers, contractors, and other visitors to their facilities. 

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

On May 15, 2020, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) Loan Forgiveness Application form.