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The Runway Extension Act’s New Standard for Measuring Small Business Size Status Takes Effect

Jan 13 2020
As detailed in our previous alert, when the Small Business Runway Extension Act of 2018 (the “Act”) became law in December 2018, the Small Business Administration (“SBA”) declared that the Act would not be effective until the SBA issued implementing regulations through the formal rule-making process. On June 24, 2019, the SBA finally issued a Proposed Rule to implement the Act, and on December 5, 2019, SBA issued a Final Rule announcing that the Act’s new formula for determining the size status of some companies would become effective as of January 6, 2020. Therefore, as of the date of this alert, the measurement period for determining whether a contractor qualifies as a small business concern under revenue-based size standards has been extended to an average of the most recently completed five fiscal years, replacing the most recent three fiscal-year period that the SBA previously considered for this purpose. The Act did not change the SBA’s historic methodology for calculating contractor qualification with employee-based size standards.
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WBD advises NCR Corporation on £100 million technology acquisition

Jan 09 2020
Womble Bond Dickinson (WBD), has advised NCR Corporation, a global enterprise technology company for the retail, hospitality and banking industries, on the acquisition of Zynstra for approximately £100 million. Zynstra, based in Bath, has developed innovative "edge virtualisation" software which optimises existing retail store technology to enhance customer and employee experiences through faster innovation and which reduces cost to serve in-store.