About

Christine Swanick is a partner in the Finance and Bankruptcy practice group in the firm's New York office. Christine serves as Team Leader of the…

Christine Swanick is a partner in the Finance and Bankruptcy practice group in the firm's New York office. Christine serves as Team Leader of the Tribal and Indian Law Team.

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On July 15, 2020, the Federal Reserve Bank of Boston issued new guidance expressly permitting tribal businesses that are borrowers under the Main Street Lending Program (“MSLP”) to pay dividends to their tribal government owners.  In its amended Frequently Asked Questions (the “July 15th FAQs”), available here, the Federal Reserve announced that the Treasury Secretary exercised his authority under the CARES Act to waive the prohibition against the payment of dividends in the MSLP, permitting tribal businesses that are wholly or majority-owned by one or more tribal governments to make distributions to their tribal government owners.  See July 15th… Continue Reading Federal Reserve Clarifies that Distributions to Tribal Governments are Permitted Under the Main Street Lending Program

About

Christine Swanick is a partner in the Finance and Bankruptcy practice group in the firm's New York office. Christine serves as Team Leader of the…

Christine Swanick is a partner in the Finance and Bankruptcy practice group in the firm's New York office. Christine serves as Team Leader of the Tribal and Indian Law Team.