Key insights The SBA released a Procedural Notice related to Paycheck Protection Program (PPP) Loans and Changes of Ownership on October 2, 2020. The Procedural Notice provides information concerning the required procedures for changes of ownership for an entity that has received PPP funds. On October 2, 2020, the Small Business Administration (SBA) released a Procedural Notice on Paycheck Protection Program Loans and Changes of Ownership. The Procedural Notice sets forth a PPP borrower’s responsibilities in the event of a change of ownership, including...

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Montpellier, France — September 30, 2020  — CILcare, a leading CRO specializing in hearing disorders, announced today that the company and its partner, CBSET Inc., a not-for- profit translational research institute, have been nominated to receive a prestigious Prix Galien MedStartUp award for their collaboration in fighting hearing loss; the collaborators are nominated in the category ‘Best Collaboration Dedicated to the Developing or Underserved Populations Worldwide.’ The Galien MedStartUp fosters, recognizes and rewards excellence in scientific innovation to improve the...

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The Luxembourg supervisory authority for the financial sector, the CSSF, issued on 29 September 2020 a new circular regarding the ESMA Guidelines on liquidity stress testing in UCITS and AIFs, that entered into force on 30 September 2020. With this Circular, the CSSF confirms that, as national competent authority, it applies the ESMA Guidelines and has integrated them into its administrative and regulatory approach. Liquidity Stress Testing: the CSSF applies the ESMA Guidelines The Luxembourg supervisory authority for the financial sector...

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Article written by Lisa Patti, Founder & CEO of AccentC3 | Recently I had the opportunity to be a part of a diverse panel of professionals to discuss The Unconscious Bias of Voice and Accent with the EACCNY. The topic was one that has interested me for quite a long time since I work with a global clientele. Is there an unconscious bias when it comes to accents and voice? Which leads to our next question, “is there a voice...

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The government and Google Portugal signed a memorandum of understanding aimed at fostering economic recovery and accelerating the country's digital transition. Portugal’s government and Google Portugal on Tuesday signed a memorandum of understanding aimed at fostering economic recovery and accelerating the country’s digital transition, with digital skills and employability the main areas envisaged in the document. “Google Portugal today reinforced its commitment to the Government and the Portuguese to support the digital transition and offer the tools and training that will...

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Key Notes: New DoDGARs final rules are effective October 19, 2020. In general, the final rules seek to update, standardize, and clarify the DoDGARs for the benefit of both DoD administrators and award recipients. The final rules are intended to implement government-wide guidance on administrative requirements, cost principles, and audit requirements. Background Over the past few years, the federal government, through the U.S. Office of Management and Budget (“OMB”), has significantly rewritten its guidance concerning grants and cooperative agreements (referred to as...

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There has never been any doubt that the task of shifting the loans market away from LIBOR onto alternative “risk-free” benchmark rates (“RFRs”) is a monumental one.  However, over the past month we have seen a number of the pieces of the transition jigsaw start to fall into place and momentum is building apace.  In particular, the Working Group on Sterling Risk-Free Reference Rates (the “Sterling Working Group”) has published a number of key statements and recommendations, and the...

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