The global coronavirus (COVID-19) crisis continues to have a devastating impact across all segments of the entertainment industry.
USA, Corporate Finance/M&A, Employee Benefits & Pensions, Insolvency & Restructuring, Media & Entertainment, Skadden Arps Slate Meagher & Flom LLP, Private equity, Force majeure, Coronavirus, Family and Medical Leave Act 1993 (USA), Fair Labor Standards Act 1938 (USA), Families First Coronavirus Response Act 2020 (USA)
The good news is that public works construction projects for municipalities are projected to remain a major sector of construction activity for the foreseeable future. The not-so-good news is that municipal bankruptcy filings are on the rise, and they are likely to increase. The issues facing parties under contract with a municipality when it files for bankruptcy protection are playing out nationally in places like Stockton, California, and Detroit, Michigan.
USA, Insolvency & Restructuring, Projects & Procurement, Duane Morris LLP, Bankruptcy, Title 11 of the US Code