Blocking the Next "Trap Door": Strengthening Collateral Protection By Limiting Baskets In Credit Agreements

As the volume of high-profile bankruptcies continues to climb, companies are now in the process of seeking to amend and re-negotiate their credit agreements, or finding new sources of financing in efforts to avoid bankruptcy.

Filed under:
Canada, Global, USA, Banking, Insolvency & Restructuring, Kira Systems, Credit (finance), Collateral (finance)
Location:
Canada, Global, USA
Firm:
Kira Systems
Intellectual Property Intel: Understanding the Impact of Bankruptcy on a Company’s Most Valuable Assets

While the COVID-19 pandemic has wreaked havoc on the global economic marketplace, not all concerns are immediately visible - such as bankruptcy impacting a business’s intellectual property.

Filed under:
Canada, Global, USA, Copyrights, Designs and trade secrets, Insolvency & Restructuring, Litigation, Patents, Trademarks, Kira Systems, Intangible asset
Location:
Canada, Global, USA
Firm:
Kira Systems
An Analysis of Liquidated Damages and Contract Rejection in Bankruptcy

As the novel coronavirus (COVID-19) pandemic continues to devastate economies worldwide, we’re seeing a wave of Chapter 11 bankruptcy filings. These filings, which provide protection to companies as they reorganize their businesses so creditors may be paid over a period of time, have surged 26% in April (up from the 444 filings in April 2019).

The economic impact has been far-reaching. Notable examples include:

Filed under:
USA, Company & Commercial, Insolvency & Restructuring, Law Department Management, Legal Tech, Kira Systems, Liquidated damages, Coronavirus, Title 11 of the US Code
Location:
USA
Firm:
Kira Systems