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Bankruptcy Veterans See Surge In Corporate Filings
Corporate bankruptcies have been a hot topic lately, with several businesses or their parent companies declaring bankruptcy, announcing they plan to do so or saying they may to do so soon.
In October it was revealed that Cineworld, the parent company for Regal Cinemas, paid the Kirkland law firm a $300,000 retainer and made subsequent advance retainer payments totaling $16.3 million prior to filing for Chapter 11 bankruptcy protection in a Texas federal court in September, according to Kirkland's employment application in federal bankruptcy court.
In late January, Bed Bath & Beyond Inc. moved closer to a bankruptcy filing after it said it received a default notice from JPMorgan Chase & Co., its loan agent, and warned it didn't have enough funds to make payments. In February, Sinclair Broadcast Group, which owns Bally Sports, announced it would declare bankruptcy.
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Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
Strategy vs. Tactics: Two Sides of a Difficult Coin
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.
The Article 8 Opt In
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.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?