Thought Leadership - Manatt, Phelps & Phillips, LLP

An Updated Practical Guide for Small Businesses to Obtain a Paycheck Protection Loan Under CARES Act

On April 2, 2020 and April 4, 2020, the Small Business Administration (SBA) issued unusual interim final rules (the Rules) providing further detail regarding Paycheck Protection Program loans under the CARES Act. The Rules will take effect immediately upon publication in the Federal Register.

SBA Issues Interim Final Rule for Paycheck Protection Loans

On April 2, 2020, the Small Business Administration (SBA) issued an unusual interim final rule (the Rule) providing further detail regarding Paycheck Protection Program loans (PPP Loans) authorized under the CARES Act.

Emerging Companies and COVID-19 Two-Part Series

Like the rest of the business community, emerging startup companies are being presented with new and unexpected challenges brought on by the coronavirus pandemic.

Congressional Action—Lending Programs and Relief Provisions Under the CARES Act

On March 27, 2020, President Donald Trump signed into law the CARES Act, an approximately $2 trillion stimulus package to mitigate the adverse economic effects of the COVID-19 pandemic.

Emerging Company Fundraising: What to Expect as a Result of COVID-19

As has become clear to all of us, the devastating spread of COVID-19, the disease caused by the novel coronavirus, has created a public health crisis, disrupted the global economy and challenged us to rethink the fundamental considerations of all businesses, especially the economic imperatives for emerging companies.

COVID-19: Evolving Cybersecurity Considerations for Businesses

Businesses’ responses to the COVID-19 health crisis, and in particular the increased demands for personnel to work remotely, present increased security risks and considerations.

Cybersecurity, Data Breach, Data Security, Privacy, COVID-19, Security Incident, Malware, Phishing

Privacy Considerations for Navigating COVID-19

As companies develop policies and procedures to respond to the COVID-19 outbreak, company leadership would do well to consider the limitations and prohibitions on the processing of employee information under federal and state privacy laws, as well as those in any internal company policies.

HIPAA, Privacy, Department of Health and Human Services, Health Insurance Portability and Accountability Act, Data Security, COVID-19

TCPA, State Telemarketing Bans and Coronavirus—What You Should Know

COVID-19 is having a widespread impact on our communities and businesses, including the ability to place telephone calls under the federal Telephone Consumer Protection Act (TCPA) and state law equivalents.

Telephone Consumer Protection Act, Autodialer, State of Emergency, COVID-19, Coronavirus

FDIC Offers De Novo Guidance for Nontraditional Applicants

In an attempt to help non-banks and fintechs understand the de novo application process, the Federal Deposit Insurance Corporation (FDIC) released new materials, including a supplement to its Deposit Insurance Application Procedures Manual (the Supplement) that describes special considerations and procedures for unique or complex proposals, such as those submitted by nontraditional...

FDIC, Consumer Financial Services, Fintech

The SEC Proposes to Expand Capital-Raising Opportunities for Reg D, Reg A and Crowdfunding Offerings

On March 4, 2020, the Securities and Exchange Commission (SEC) issued proposed rules to simplify certain aspects of exempt offerings with the goal of expanding access to capital for issuers and increasing opportunities for investors. The proposed rules are set forth in SEC Release No. 33-10763.

SEC, Securities and Exchange Commission