We have recently profiled conflicting cases (available here and here) dealing with a priority contest between supe
Canada, Insolvency & Restructuring, Litigation, Tax, McCarthy Tétrault LLP, Bankruptcy, Debtor, Excise, Secured creditor, Canada Revenue Agency, Income-Tax Act 1961 (India), Supreme Court of Canada, Federal Court of Appeal (Canada)
A hotel property derives much of its value from its operator and brand. When a hotel owner is in distress with respect to its loan obligations, the operator also plays a critical role in the resolution of the workout process between the owner and the lender. The rights and obligations of the operator contained in its agreements with the owner and the lender affect any workout decision that the parties may make.
USA, Insolvency & Restructuring, Leisure & Tourism, Eversheds Sutherland (US) LLP, Bankruptcy, Debtor, Foreclosure, Joint venture, Cashflow, Default (finance), Leverage (finance)