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    New York District Court: Cap on Landlord Claims in Bankruptcy Applies to Claims Against Lease Guarantors, and Cap Should Be Calculated Using "Time Approach"
    2024-09-20

    To prevent landlords under long-term real property leases from reaping a windfall for future rent claims at the expense of other creditors, the Bankruptcy Code caps the amount of a landlord's claim against a debtor-tenant for damages "resulting from the termination" of a real property lease.

    Filed under:
    USA, New York, Insolvency & Restructuring, Litigation, Real Estate, Jones Day, Drones, Bankruptcy, Landlord
    Authors:
    Daniel J. Merrett (Dan)
    Location:
    USA
    Firm:
    Jones Day
    Space Business Review - July 2020
    2020-08-08

    July Bankruptcy and Restructuring Developments

    Filed under:
    European Union, United Kingdom, USA, Aviation, Corporate Finance/M&A, Insolvency & Restructuring, Milbank LLP, Drones, Coronavirus
    Authors:
    Dara A Panahy , Bijan Ganji
    Location:
    European Union, United Kingdom, USA
    Firm:
    Milbank LLP
    Space Business Review - May 2020
    2020-05-29

    May Restructuring Activity

    May 4 – OneWeb Global Ltd., which filed for Chapter 11 bankruptcy protection in the United States in March, received multiple initial letters of interest from potential purchasers. Final binding bids are due June 26, along with a deposit equal to 10% of bid value, and an auction is scheduled for July 2.

    Filed under:
    Global, USA, Insolvency & Restructuring, Public, Telecoms, Milbank LLP, Drones, 5G network, Coronavirus, US Department of Justice, US DoJ Antitrust Division, Committee on Foreign Investment in the United States
    Authors:
    Dara A Panahy , Bijan Ganji
    Location:
    Global, USA
    Firm:
    Milbank LLP
    Software development intellectual property joint ventures
    2020-12-15

    One of the biggest problems lies in the intellectual property ownership in joint ventures. The commercial reality is that where there is no agreement in place any intellectual property resulting from the joint venture may be jointly owned. This rule applies even if this is not what the parties intended.

    IT and IP specialist lawyers

    IP Joint Ventures

    Filed under:
    United Kingdom, Corporate Finance/M&A, Insolvency & Restructuring, Intellectual Property, IT & Data Protection, Gannons Solicitors, Drones
    Location:
    United Kingdom
    Firm:
    Gannons Solicitors
    Space Business Review - October 2020
    2020-10-30

    October Bankruptcy Developments

    Filed under:
    USA, Insolvency & Restructuring, Milbank LLP, Drones, Coronavirus, NASDAQ, Title 11 of the US Code
    Authors:
    Dara A Panahy , Bijan Ganji
    Location:
    USA
    Firm:
    Milbank LLP
    Insolvency in the construction industry: hope for the best, prepare for the worst
    2019-06-25

    Insolvency is a common issue in the construction industry. While newspaper headlines frequently focus on the top ten to 15 large contractor insolvencies, this is not reflective of how insolvency impacts the industry as a whole.

    In all construction projects, there is a long tail of smaller contractors that are adversely impacted by an insolvency event that occurs further up the chain. As a result, when parts of the supply chain fall apart, the tremors can be felt by large sections of the industry.

    Filed under:
    United Kingdom, Company & Commercial, Construction, Insolvency & Restructuring, Osborne Clarke, Drones, General contractor
    Authors:
    Rob Horne , Will Gunston , Robert Adjetey
    Location:
    United Kingdom
    Firm:
    Osborne Clarke
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