News
Paycheck Protection Program Flexibility Act
On June 5, 2020, the Paycheck Protection Program Flexibility Act (the “Act”) became law. The Act provides recipients of loans through the Paycheck Protection Program (“PPP”) with more flexibility in how and when they spend their loan proceeds, while remaining eligible...
Proposed Changes to FRAP 3 Face Rare Pushback From Judiciary
Federal judges rarely defend their judicial actions outside of court. A recent kerfuffle over Federal Rule of Appellate Procedure (“FRAP”) 3 is a high-stakes (at least for federal practitioners) exception.
Paycheck Protection Program $2 Million Threshold
The Small Business Administration (“SBA”) issued further guidance on May 13, 2020 regarding how it will evaluate borrowers’ good-faith certification concerning the necessity of their loans through the Paycheck Protection Program (“PPP”). In short, the SBA has stated...
Paycheck Protection Program (“PPP”) – Certification of Economic Need (Updated 5/7/2020)
You may be concerned about recent guidance from the Small Business Administration (“SBA”) regarding your eligibility to access loans under the Paycheck Protection Program (“PPP”). The guidance expands on the requirement that borrowers certify that “[c]urrent economic...
Shareholder Daniel Thies on Panel to Discuss the Impact of COVID-19 on Local Business
Shareholder Daniel Thies participated as a panelist in the “Hope & Help” online forum discussion on the impact of COVID-19 on local businesses on April 18, 2020. This series brings together panels of individuals from different segments of the Champaign-Urbana...
Webber & Thies Is Open
During the extraordinary times following from the spread of the COVID-19 virus, the lawyers and staff of Webber & Thies, P.C. want our clients and friends to know that we remain open and available to meet the wide-range of client legal needs. Of course, we all...
Shareholder John Thies Represents ISBA at ABA Midyear Meeting
Shareholder John Thies represented the Illinois State Bar Association at the American Bar Association House of Delegates during the ABA Midyear Meeting, which was held February 12-17 in Austin, Texas. In the picture above from left to right are delegates Thies (past...
Using ADR in Estate Planning and Administration
As an estate planner who has also dabbled in various forms of alternative dispute resolution over the years, I have speculated as to how one might incorporate ADR techniques into the estate planning or administration process. The unfortunate reality is that the need for, say, mediation of a family dispute does not become apparent until it’s too late.
Mission Accomplished: Supreme Court Ratifies Seventh Circuit’s ‘Rejection-as-Breach’ Rule for Trademarks in Bankruptcy
In a closely watched and heavily anticipated decision, the U.S. Supreme Court recently came down solidly behind our own Seventh Circuit Court of Appeals in addressing a split among the appellate courts as to the consequences when a trademark licensor files for bankruptcy.
Shareholder Richard Thies Interviewed by the Big Ten Network
Shareholder Richard Thies was recently interviewed in our offices by the Big Ten Network concerning his knowledge of the student environment at the University of Illinois from 1949 to 1955 and during the Cold War. Mr. Thies’s interview will be used in an upcoming...