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Recognizing the Signs of Financial Distress
Financial distress is when a company is vulnerable in its ability to maintain its financial commitments related to operating expenses (i.e., timely vendor payments, leases and payroll), debt holders (i.e., lenders, noteholders), and capital expenditures.
Payment disruptions in the regular course of business can negatively affect both sides of the balance sheet. Operating statement disruptions manifest with challenges in customer retention, decrease in revenues, loss of key employees and eventually a long-term decline in financial performance. Balance Sheet impacts can be seen and felt as there's a shift from a cash flow valuation to hard asset and collateral valuation. This can be hard for a company to digest when your lender is underwriting your collateral based on liquidation analyses. These balance sheet changes will also impact your ability to attract fresh capital, and if it continues to deteriorate, could result in a default in credit agreement(s).
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Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
How AI Has Affected PR
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.