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An asset sale under section 363(f) of the Bankruptcy Code is becoming an increasingly popular mechanism to improve a company's financial condition as an alternative to a traditional plan of reorganization. There are substantial advantages to a 363(f) sale, the most important being that purchasers may take property of the estate “free and clear of any interest in such property.” This language unquestionably permits purchasers to take property of the estate free and clear of any liens, but whether section 363(f) contemplates other types of interests, such as successor liability claims, is more complicated. While the trend of recent case law supports an expansive reading of “interests in property,” prospective buyers at section 363(f) sales should be aware of, and protect against, the risk of potential successor liability claims.
Four Exceptions to the Rule
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On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.