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image PPP Loan Necessity Questionnaire

PPP Loan Necessity Questionnaire

The Small Business Administration (the “SBA”) has issued a new questionnaire that all Paycheck Protection Program (“PPP”) borrowers that received a loan of $2 million or more must complete. Based on current commentary and available information, this requirement will not be asked of parties who received less than $2 million in PPP funds.…
image Wickens Herzer Panza Receives 2021 "Best Law Firms" Ranking

Wickens Herzer Panza Receives 2021 "Best Law Firms" Ranking

U.S. News & World Report and Best Lawyers® have released their 2021 “Best Law Firms” rankings and we’re proud to share that Wickens Herzer Panza has been listed in multiple areas. Rankings as a “Best Law Firm” recognize Firms for their professional excellence and consistently impressive ratings from clients and peers.…
image Why Put Off to Tomorrow What You Can Do Today: Courts Move Forward with Virtual Trials

Why Put Off to Tomorrow What You Can Do Today: Courts Move Forward with Virtual Trials

At the outset of the Covid-19 Pandemic, courts across the county shut down for all but the most emergency proceedings. Since that time, many courts, including those in Ohio, have opened their doors, but with strict protections and limitations in place, opting for telephonic or video conferences instead of in-person proceedings for routine scheduling matters and limited issue hearings.…
image Attorney Fee Recovery in Construction Disputes

Attorney Fee Recovery in Construction Disputes

onstruction projects (and contractors) end up in Ohio’s courts far too often, and the question on every owner or contractor’s mind is, “can we recover our attorney fees?” Ohio’s Seventh District Court of Appeals recently answered this eternal question and reaffirmed Ohio’s use of the “American Rule” for recovering attorney fees, which means attorney fees can be recovered … sometimes.…
image Companies Need to Budget Now for Minimum Wage Increase

Companies Need to Budget Now for Minimum Wage Increase

As we move through the fourth quarter and companies are planning budgets for 2021, one factor that must be considered is the increase to Ohio’s minimum wage. Effective January 21, 2021, for companies with annual gross receipts over $323,000.00, Ohio’s general minimum wage for non-tipped employees will increase to $8.80/hr. and for tipped employees to $4.40/hr. …
image PPP Loans (Part 2):  PPP Loans in a Transaction

PPP Loans (Part 2):  PPP Loans in a Transaction

Recently, we published a brief article concerning the treatment of a PPP loan in a change of control transaction; specifically, the sale of a PPP borrower’s business. In our experience in such transactions, to date, banks have struggled with addressing the PPP loan prior to the acceptance of an application of forgiveness. …
image Call to Action: Check Your Leases

Call to Action: Check Your Leases

Imagine the following scenario: perhaps even a typical scenario in today’s commercial real estate environment. A commercial landlord receives a notice from its tenant’s legal counsel. The notice informs the landlord that the tenant, who is seven years into a ten year lease, is vacating the premises in thirty days and would thereafter have no further duties or obligations under the lease. …