Sandy Hook Families’ $73 Million Deal With Remington Approved: A bankruptcy judge approved a $73 million settlement between gunmaker Remington Arms and families of children and adults killed in the 2012 mass shooting at Sandy Hook Elementary School.
The Treatment of Debtor-in-Possession Financing in Reorganization Procedures: An Economic and Comparative Approach by Aurelio Gurrea-Martínez : After analysing the regulatory framework of DIP financing in more than 30 jurisdictions from Asia, Europe, Africa, and the Americas, this article shows that there are many similarities in the treatment of DIP financing around the world.
Signs of stress in office real estate: Vacancy rates and loan delinquencies are climbing.
PREIT sales hit a record in February | Retail Dive: The mall operator, which filed for bankruptcy in 2020, is replacing anchors and trying to climb out of the hole created by the pandemic.
'Feels Like The New Retail’: Some Owners Giving Up On Older Offices In High-Cost Cities: After two years of pandemic uncertainty, many questions around the return to office and its impact on commercial real estate have yet to be answered
LA Mansion The One’s $138 Million Bankruptcy Sale Approved: Fashion executive Richard Saghian won court approval of his $138 million purchase of Los Angeles mega-mansion “The One” out of bankruptcy, triggering an immediate appeal by the property’s developer.
Jet Leasing Firms Start to Tally Up Cost of Russian Invasion: Aircraft leasing firms are tallying up losses stemming from Russia’s invasion of Ukraine, according to the head of Avolon Holdings Ltd., one of the biggest players in the industry.
Business travel may never fully recover, as companies like McKinsey make permanent cuts to trips - The New York Times: Corporate travel spending is a third of what it was before the pandemic, according to the Global Business Travel Association. Some signs suggest that business travel will never return to prepandemic levels.
The (Third) Party’s Over? Recent Decisions Cast Doubt on the Continued Vitality of Third Party Releases in Chapter 11 Reorganizations | Proskauer : Two recent decisions by U.S. District Courts have rejected attempts to include nonconsensual third party releases in chapter 11 reorganization plans. These rulings suggest third party releases may be facing increasing push back from the courts.
Russian Corporate Bonds Rebound as Investors Embrace Risks - WSJ: Distressed-debt investors are driving a recovery in Russian corporates, betting those with foreign assets can pay their debts despite Western sanctions.
Chinese Developers’ Accounts Under Scrutiny as More Auditors Resign - WSJ: Auditors have resigned from a series of Chinese property companies, reflecting the challenges of verifying these businesses’ financial health after a punishing sector-wide downturn.
How Scandals Drove Hillsong to Lose its American Churches - The New York Times: Amid a series of crises, including the resignation of its leader, the evangelical powerhouse has shed more than half its American churches in just a few weeks.