On June 11, 2020, the Small Business Administration (the “SBA”) issued a new Interim Final Rule (the “Update IFR”) that updates its original Interim Final Rule on the Paycheck Protection Program (“PPP”) loans to coordinate with the changes made by the Paycheck Protection Program Flexibility Act of 2020 (the “PPP…
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On June 3, 2020, the U.S. Senate passed the “Paycheck Protection Program Flexibility Act” (the “PPP Flexibility Act”), which previously had been passed by the House of Representatives on a vote of 417-1 on May 28. The President signed it into law on June 5, 2020. The PPP Flexibility Act…
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Five Attorneys Listed in Top Categories Trenam Law is pleased to announce that over half of the firm’s attorneys were recognized in the 2020 edition of Florida Super Lawyers. Five attorneys were recognized in the “Top Lists” including Lara R. Fernandez in “Top 100” state-wide for Bankruptcy: Business as well…
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For the June 2020 issue of The Bankruptcy Strategist from ALM's Law Journal Newsletters, Amy Drushal and Gerald Davis outlined the far-reaching economic impact of COVID-19 on the restaurant industry, especially as restaurants are already known to survive on tight margins. The short-term affect of the virus has already been…
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Ashlyn Robinson Banks authored an article for the June 2020 edition of the Commercial Leasing Law & Strategy published by ALM's Law Journal Newsletters wherein she explores options for commercial landlords considering evictions for tenants who violate non-monetary provisions of their leases. Landlords often consider adherence to these contractual obligations…
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As the rise in retail sector bankruptcies in recent years has reached a fever pitch due to the economic impact of COVID-19, Stephanie Lieb discussed the outlook for these struggling retailers in a May 28, 2020 article in Tampa Bay Times on the future of local malls whose retail tenants…
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Marie Tomassi lent her perspective to the Tampa Bay Business Journal for a May 22, 2020 feature on how Tampa law firms are handling recruiting during and following COVID-19. “I think you’ll see a little less risk taking, unless (the candidate) fits a particular area that’s hard to place or…
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Simultaneously with issuing its Interim Final Rule of PPP Loan Forgiveness on Friday night, May 22, 2020, the Small Business Administration (the “SBA”) issued guidance on the review procedures for PPP loans and related obligations of borrowers and lenders, in the form of another Interim Final Rule (the “Review Procedures…
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Around or after 10:00 pm on the evening of Friday, May 22, 2020, the Small Business Administration (“SBA”) and the Treasury Department issued an Interim Final Rule on PPP Loan Forgiveness (the “Forgiveness IFR”). This Rule confirmed much of the guidance previously issued by the SBA in its forgiveness Application,…
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The latest additions to Trenam Law were featured in Business Observer on May 18, 2020. Fredrick McClure has joined the firm’s commercial litigation group as a shareholder, while Brian Tunis joins the business transactions group and Alexander Zesch practices in the bankruptcy and creditors’ rights group. All three will practice…
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