Private credit lenders started 2020 both with anticipation and trepidation. Activity levels were strong and default levels were at historic lows, but private credit lenders worried about the risk of economic headwinds – after all, we were then in the extra innings of the longest economic recovery on record.
USA, Insolvency & Restructuring, Litigation, Proskauer Rose LLP, Bankruptcy, Private equity, Coronavirus
Introduction
USA, Banking, Insolvency & Restructuring, Proskauer Rose LLP, Private equity, Non-disclosure agreement, Coronavirus
Key Takeaways:
On May 20, 2019, in Mission Product Holdings, Inc. v. Tempnology, LLC, 587 U.S. ___ (2019), the Supreme Court resolved an area of ongoing concern for parties to trademark licenses. The court addressed a circuit split on whether a trademark licensee may continue to use a trademark for the term of the license, after the license has been rejected in bankruptcy.
USA, Insolvency & Restructuring, Litigation, Trademarks, Proskauer Rose LLP, Debtor, US Congress, Title 11 of the US Code