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After a year filled with filings, commercial Chapter 11 bankruptcies fell off a cliff in 2021, causing bankruptcy lawyers to work on out-of-court restructurings or pivot to practices with overlapping skills such as real estate and commercial litigation.
But the Chapter 11 slowdown, which started last winter and bottomed out this spring and summer, hasn't stifled the lateral market for experienced bankruptcy partners.
In October alone, Arent Fox added New York bankruptcy and restructuring partner Brett Goodman from Troutman Pepper, and Sidley Austin hired former Kirkland & Ellis restructuring partner Anthony Grossi to work in New York and Washington, DC. Snell & Wilmer also added partner Josh Rataezyk, who recently worked at Davis Wright Tremaine, to work in its new Seattle office.
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With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
In June 2024, the First Department decided Huguenot LLC v. Megalith Capital Group Fund I, L.P., which resolved a question of liability for a group of condominium apartment buyers and in so doing, touched on a wide range of issues about how contracts can obligate purchasers of real property.
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Latham & Watkins helped the largest U.S. commercial real estate research company prevail in a breach-of-contract dispute in District of Columbia federal court.