Legal Updates

• Attorney: Sullivan, Timothy M.

87 matches.

• SEC Changes the Game for Private Fund Advisers – Summarizing the New "Restricted Activities Rule" and the "Preferential Treatment Rule"
  Hinshaw Alert
  October 19, 2023
• The SAFE Banking Act: Financial Services for Marijuana and Hemp Businesses
  Hinshaw Alert
  June 5, 2023
• Restaurant Revitalization Grant Program Provides Grants to a Wide Range of Eligible Entities
  Hinshaw Alert
  April 28, 2021
• PPP Deadline Extended, Preparing for Restaurant Revitalization Grants
  Hinshaw Alert
  April 2, 2021
• American Rescue Plan Revises Paycheck Protection Program and Shuttered Venue Operator Grant Program, Establishes Restaurant Revitalization Grant Program
  Hinshaw Alert
  March 23, 2021
• PPP Updates: Calculation of the Loan Amount and Use of Loan Proceeds for Individuals Who File IRS Form 1040, Schedule C and Revisions to Eligibility Rules
  Hinshaw Alert
  March 12, 2021
• Biden Administration Issues PPP Loan Revisions Focused on Small Businesses
  Hinshaw Alert
  February 26, 2021
• SBA and U.S. Treasury Issue Interim Final Rule on Paycheck Protection Program Loan Forgiveness
  Hinshaw Alert
  February 24, 2021
• Lender Obligations Under the Revived Paycheck Protection Program
  Hinshaw Alert
  February 16, 2021
• COVID-19 Relief Bill Creates Second Paycheck Protection Program
  Hinshaw Alert
  January 5, 2021
• SBA Issues FAQ on Questionnaires for PPP Loans in Excess of $2 Million
  Hinshaw Alert
  December 14, 2020
• SEC Adopts Exempt Offering Rule Changes That Increase Offering Limits and Harmonize Exempt Offerings
  Hinshaw Alert
  November 18, 2020
• SBA Questionnaires Increase Scrutiny for PPP Loans Over $2M
  Hinshaw Alert
  November 13, 2020
• SBA Provides Guidance on Rules for M&A Transactions Involving PPP Loans
  Hinshaw Alert
  October 8, 2020
• New Interim PPP Rules Address Owner-Employee Compensation, Sub-Tenants, and Rent Payments to a Related Party
  Hinshaw Alert
  September 10, 2020
• Community Banks and the COVID-19 Crisis: CBLR and CECL
  Hinshaw Alert
  September 10, 2020
• PPP Loans and M&A Transactions: Considerations for Lenders and Buyers
  Hinshaw Alert
  September 3, 2020
• New Supplemental Guidance Issued for PPP Loan Program
  Hinshaw Alert
  August 11, 2020
• Main Street Lending Program Expanded for Nonprofit Organizations
  Hinshaw Alert
  July 29, 2020
• SBA and Treasury Provide PPP Loan Forgiveness Applications
  Hinshaw Alert
  July 16, 2020
• A Summary of PPP Updates, Including Early Filing of Forgiveness Application
  Hinshaw Alert
  July 13, 2020
• Federal Reserve Expands Scope of Loan Options and Size of Eligible Businesses Under Main Street Lending Program
  Hinshaw Alert
  June 15, 2020
• Legislative Fix for PPP Loan Forgiveness Problems
  Hinshaw Alert
  June 4, 2020 | Updated June 9, 2020
• SBA Issues Interim Final Rule on PPP Loan Forgiveness
  Hinshaw Alert
  May 27, 2020
• SBA Releases PPP Loan Forgiveness Application
  Hinshaw Alert
  May 18, 2020
• SBA Provides Additional Guidance on Review of Economic Uncertainty Certifications Made by PPP Loan Applicants
  Hinshaw Alert
  May 13, 2020 | Updated May 14, 2020
• Federal Reserve Board Expands Scope and Eligibility of Main Street Lending Program
  Hinshaw Alert
  May 8, 2020
• PPP Loan Proceeds Return Date Extended, Tips on Preparing for a PPP Loan Audit
  Hinshaw Alert
  May 6, 2020
• IRS Position on the Deductibility of Expenses Paid with PPP Loan Proceeds
  Hinshaw Alert
  May 1, 2020
• Borrowers Beware: Audits of PPP Loans in Excess of $2 Million and Economic Uncertainty Certification
  Hinshaw Alert
  April 30, 2020
• SBA May Review Economic Uncertainty Certifications as Criticism Mounts Over PPP Loan Requests by Large Businesses with Adequate Sources of Liquidity and PPP Loan Forgiveness
  Hinshaw Alert
  April 24, 2020
• The Federal Reserve Releases Details on Two New Main Street Loan Facilities and the Paycheck Protection Program Loan Facility
  Hinshaw Alert
  April 13, 2020 | Updated April 15, 2020
• Important New Guidance for the Paycheck Protection Program, Main Street Lending Facilities, and Economic Injury Disaster Loan Program
  Hinshaw Alert
  April 10, 2020
• $2.2 Trillion CARES Act Provides Opportunity for Community Banks
  Hinshaw Alert
  April 2, 2020. Revised on April 7, 2020
• A Funding and Business Viability Checklist for Companies Contending with Effects of the COVID-19 Crisis
  Hinshaw Alert
  March 27, 2020
• Options for Conducting Annual Shareholder Meetings and Director Meetings During a Time of COVID-19 Shelter in Place Orders
  Hinshaw Alert
  March 24, 2020
• SEC Proposes Rule Changes Relating to Exempt Offerings Which Would Include Increases to Offering Limits
  Hinshaw Alert
  March 10, 2020
• Financial Services for Cannabis and Hemp Businesses
  Hinshaw Alert
  January 13, 2020
• Capital Simplification for Community Banking Organizations
  Hinshaw Alert
  October 29, 2019
• Financial Services for Cannabis and Hemp Businesses
  Hinshaw Alert
  September 26, 2019
• Federal Reserve Revises its Small Bank Holding Company Policy Statement by Increasing the Asset Limit to $3 Billion
  Hinshaw Alert
  September 6, 2018
• Securities Rules for Private Equity Financings
  Hinshaw Publication
  July 12, 2017
• SEC Adopts JOBS Act Crowdfunding Rules
  Corporate / Financial Institutions Alert
  November 18, 2015
• Best Practices – Annual Cyber Insurance Reviews
  Insurance Coverage Alert
  April 28, 2015
• Federal Reserve Revises Small Bank Holding Company Policy Statement by Increasing Asset Limit and Including Savings & Loan
  Corporate / Financial Institutions Alert
  April 15, 2015
• SEC Adopts Rules to Increase Access to Capital for Smaller Companies
  Corporate / Financial Institutions Alert
  March 30, 2015
• SEC Adopts Rules to Facilitate Smaller Companies' Access to Capital
  Corporate / Financial Institutions Alert
  March 26, 2015
• Illinois Appellate Court Reviews the Rights of a Lender as a Mortgage Holder Under a Standard Mortgage Clause in an Insurance Policy
  Corporate / Financial Institutions Alert
  March 25, 2015
• Accumulated Other Comprehensive Income (AOCI) Opt-Out Election
  Corporate / Financial Institutions Alert
  March 25, 2015
• Fed proposes rules to increase the asset limit under the Small Bank Holding Company Policy from $500 million to $1 billion
  Corporate / Financial Institutions Alert
  February 3, 2015
• U.S. Supreme Court Confirms Truth In Lending Act Rescission Notice Requirements
  Corporate / Financial Institutions Alert
  January 21, 2015
• AOCI Opt-Out Election Must be Made on Call Report or FR Y-9C (if applicable) for the Quarter Ending March 31, 2015
  Corporate / Financial Institutions Alert
  January 20, 2015
• FDIC Clarifies Bank Brokered Deposit Expectations and Requirements
  Corporate / Financial Institutions Alert
  January 15, 2015
• Good News for Community Banks — Legislation Enacted Which Doubles Threshold for Small Bank Holding Company Policy Statement
  Corporate / Financial Institutions Alert
  December 19, 2014
• Federal Banking Agencies Adopt an Addendum to Policy Statement on Income Tax Allocation Agreements
  Corporate / Financial Institutions Alert
  July 1, 2014
• SEC Proposes Rules to Increase Access to Capital for Smaller Companies
  Corporate / Financial Institutions Alert
  January 31, 2014
• Federal Banking Agencies Proposed An Addendum to Policy Statement on Income Tax Allocation Agreements
  Corporate / Financial Institutions Alert
  January 15, 2014
• SEC Proposes Crowdfunding Rules Under JOBS Act
  Corporate / Financial Institutions Alert
  December 11, 2013
• SEC Adopts Rules Eliminating the Prohibition Against General Solicitation in Certain Private Offerings and Disqualifying Bad Actors From Certain Offerings and Proposes New Reg D Requirements
  Corporate / Financial Institutions Alert
  July 17, 2013
• Fed Adopts New Capital Rules
  Corporate / Financial Institutions Alert
  July 8, 2013
• Illinois Supreme Court Adopts Rules Relating to the Home Foreclosure Process
  Corporate / Financial Institutions Alert
  March 5, 2013
• CFPB Adopts Mortgage Servicing Rules
  Corporate / Financial Institutions Alert
  February 11, 2013
• Consumer Financial Protection Bureau Adopts Loan Originator Compensation and Qualification Rules
  Corporate / Financial Institutions Alert
  February 4, 2013
• SEC Approves NYSE and Nasdaq Rules on Independence of Compensation Committee Members and Advisers
  Corporate / Financial Institutions Alert
  January 31, 2013
• Consumer Financial Protection Bureau Adopts Ability to Repay and Qualified Mortgage Rules
  Corporate / Financial Institutions Alert
  January 24, 2013
• SEC Proposes to Eliminate the Prohibition Against General Solicitation and Advertising in Certain Private Offerings
  Corporate / Financial Institutions Alert
  September 20, 2012
• Listing Standards for Compensation Committees
  Corporate / Financial Institutions Alert
  July 19, 2012
• FRB, FDIC and OCC Issue Proposals Revising Bank Regulatory Capital Requirements and the Risk-Weighted Asset Rules
  Corporate / Financial Institutions Alert
  July 5, 2012
• JOBS Act—SEC Guidance on Scaled Disclosure and Other EGC Issues
  Corporate / Financial Institutions Alert
  May 23, 2012
• JOBS Act – SEC Guidance on Scaled Disclosure and Other Emerging Growth Company Issues
  Corporate / Financial Institutions Alert
  May 3, 2012
• Central District of Illinois Bankruptcy Rulings Present New Challenges to Perfection of Security Interests
  Corporate / Financial Institutions Alert
  April 24, 2012
• Jumpstart Our Business Startups Act (JOBS Act) — Confidential Submission Process for Emerging Growth Companies
  Corporate / Financial Institutions Alert
  April 18, 2012
• JOBS Act - Changes in Registration Thresholds
  Corporate / Financial Institutions Alert
  April 17, 2012
• Congress Passes JOBS Act in Effort to Make Raising Capital Easier
  Corporate / Financial Institutions Alert
  April 5, 2012
• SEC Approves NYSE and Nasdaq Rules on Independence of Compensation Committee Members and Advisers
  Corporate / Financial Institutions Alert
  January 31, 2012
• SEC Revises Net Worth Standard for Accredited Investors
  Corporate / Financial Institutions Alert
  December 29, 2011
• SEC, Nasdaq and NYSE Toughen Oversight of Reverse Mergers
  Corporate / Financial Institutions Alert
  November 21, 2011
• SEC, Nasdaq and NYSE Increasing Oversight of Reverse Mergers
  Corporate / Financial Institutions Alert
  October 18, 2011
• SEC Proxy Access Proposals Are Effective
  Corporate / Financial Institutions Alert
  September 30, 2011
• FDIC Rules Designed to Claw Back Executive Compensation in Receivership Situations
  Corporate / Financial Institutions Alert
  July 26, 2011
• Small Business Lending Fund (SBLF) Terms for Subchapter S Corporations and Mutuals
  Corporate / Financial Institutions Alert
  May 23, 2011
• FDIC Proposes Rules to Clawback Executive Compensation
  Corporate / Financial Institutions Alert
  March 28, 2011
• Proposed Rules on Incentive-Based Compensation Arrangements
  Corporate / Financial Institutions Alert
  February 15, 2011
• Small Business Lending Fund Terms and Application Process
  Corporate / Financial Institutions Alert
  January 5, 2011
• Changes in Temporary FDIC Insurance Coverage for Transaction Accounts
  Corporate / Financial Institutions Alert
  November 24, 2010
• SEC Issues Guidance Regarding Disclosures Related to Climate Change
  Corporate / Financial Institutions Alert
  February 17, 2010
• SEC Issues Staff Guidance on Required Climate Change Disclosures
  Hinshaw Environmental Bulletin
  February 2, 2010