Premier Banking Law News and Insights

Nearly six months after the creation of the Paycheck Protection Program ("PPP"), many borrowers are ready to submit their PPP loan forgiveness applications or have already submitted them. Although lenders and borrowers still face uncertainty regarding PPP rules, the general process of obtaining PPP loan forgiveness is known.  With each...

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Historically, the incidence of "serious" defaults ("serious" meaning contribution failures that persist to a point in time at which consideration of enforcement action is necessary) in institutional venture capital funds is quite low.  This article is being written half a year into the 2020 pandemic, during a time at which...

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On July 31, 2020, the Internal Revenue Service (the "IRS") and the U.S. Department of the Treasury (the "Treasury") issued proposed regulations (the "Proposed Regulations") providing guidance on Section 1061 of the Code, as implemented by the law commonly referred to as the Tax Cuts and Jobs Act of 2017. In general,...

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