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Firm: Dykema

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Before Self-Driving Cars: Four Tech Challenges the Auto Industry Faces Today
Dykema, January 2015

Self-driving cars are still years away, but technological advances are making vehicles safer and more personalized right now. Here’s what that means for the industry. If you’re on the streets of Northern California in the next few months, you might pass a tiny car that looks like a smiling kid’s toy. It may be cute or creepy, depending on your perspective, but to some it’s a vision of the future: a Google-made, self-driven car...

Biden Administration To Rescind COVID-Related Travel Bans; Require Proof of Vaccination
Dykema, September 2021

In a move that should significantly ease traveling to the United States, the Biden Administration has announced plans to withdraw COVID-related geographic travel restrictions in early November...

PPP Loan Insights: Forgiveness Does Not Mean Forgotten – Part I
Dykema, August 2021

We are still waiting for the “official” SBA FAQ announcing the withdrawal of the Forms 3509/3510 Loan Necessity Questionnaire (“Questionnaire”) that, according to the SBA, will include additional information about its review process. In the meantime, PPP lenders have been told by the SBA that they no longer are required to request that borrowers who obtained loans of $2 million or more complete the Questionnaire...

PPP Loan Insights: Forgiveness Does Not Mean Forgotten – Part II
Dykema, August 2021

With SEC Form 10-Qs for the second quarter ended June 30, 2021, due shortly, and SEC Form 10-Ks for companies with June 30 year ends due in the next few weeks, publicly traded companies that received PPP loans, even those that have had those loans forgiven, need to review and update their SEC disclosures regarding their PPP loan...

PPP Loan Insights: Forgiveness Does Not Mean Forgotten – Part III
Dykema, August 2021

Shortly after the passage of the CARES Act, the SBA announced that it would be auditing every borrower with a PPP loan in excess of $2 million. What is meant by 'audit’ remains to be seen...

State Department Extends Validity Periods for National Interest Exceptions
Dykema, July 2021

In a move that will allow greater flexibility for traveling to the United States, the State Department recently announced National Interest Exceptions (NIEs) issued to foreign nationals in the last 12 months who are covered by COVID-related Presidential Proclamations (PPs) will now be valid for 12 months, rather than the previous 30-days. In addition, these NIEs will allow for the ability to use them for multiple entries during the new validity period...

The Tax Proposals of the House Ways and Means Committee
Dykema, September 2021

On Monday, September 13, 2021, the House Ways and Means Committee released several markups of proposed legislation (the “House Tax Proposals”) intended to pay for various proposed spending initiatives. Importantly, the House Tax Proposals are not entirely consistent with the “General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals” (the “Green Book”) released by the U.S...

U.S. Ninth Circuit Court of Appeals Upholds AB 51 Barring Arbitration Provisions in Employment Contracts
Dykema, September 2021

Today, the Ninth Circuit upheld California’s new law (AB 51) barring arbitration provisions in employment contracts.The U.S. Chamber of Commerce and other organizations challenged the law in federal court. The district court enjoined the law, ruling that it conflicts with the Federal Arbitration Act. A divided Ninth Circuit panel reversed. Judge Lucero, a Tenth Circuit judge sitting by designation, wrote the majority opinion (joined by Judge Fletcher). Judge Ikuta dissented...

What Employers Need To Know About Employee Retention Credits: Rules for the Second Half of 2021 and General Clarifications
Dykema, September 2021

Employee Retention Credits (“ERC” or “credits”) are available to eligible employers that paid qualified wages after March 12, 2020, and before January 1, 2022. Multiple pieces of legislation and Internal Revenue Service (“IRS”) guidance expanded and modified the ERC rules and determination of eligibility for ERC, and computation of the credits may vary based on each individual calendar quarter in 2020 and 2021...

 

 

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