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    What We’re Reading This Week [April 27, 2023]
    2023-04-27

    Bed Bath & Beyond, the home goods retailer, has filed bankruptcy under Chapter 11 and plans to conduct liquidation sales and close all of its brick-and-mortar stores by June 30, as reported by The New York Times. The retailer points to an inability to adjust to the growth of online shopping as a reason for its downfall.

    Filed under:
    USA, Company & Commercial, Insolvency & Restructuring, Litigation, Mayer Brown
    Authors:
    Sean T. Scott , Aaron Gavant , Lisa A. Holl Chang
    Location:
    USA
    Firm:
    Mayer Brown
    What We’re Reading This Week [April 27, 2023]
    2023-04-27

    Bed Bath & Beyond, the home goods retailer, has filed bankruptcy under Chapter 11 and plans to conduct liquidation sales and close all of its brick-and-mortar stores by June 30, as reported by The New York Times. The retailer points to an inability to adjust to the growth of online shopping as a reason for its downfall.

    Filed under:
    USA, Company & Commercial, Insolvency & Restructuring, Litigation, Mayer Brown
    Authors:
    Sean T. Scott , Aaron Gavant , Lisa A. Holl Chang
    Location:
    USA
    Firm:
    Mayer Brown
    What We’re Reading This Week [April 27, 2023]
    2023-04-27

    Bed Bath & Beyond, the home goods retailer, has filed bankruptcy under Chapter 11 and plans to conduct liquidation sales and close all of its brick-and-mortar stores by June 30, as reported by The New York Times. The retailer points to an inability to adjust to the growth of online shopping as a reason for its downfall.

    Filed under:
    USA, Company & Commercial, Insolvency & Restructuring, Litigation, Mayer Brown
    Authors:
    Sean T. Scott , Aaron Gavant , Lisa A. Holl Chang
    Location:
    USA
    Firm:
    Mayer Brown
    What We’re Reading This Week [April 27, 2023]
    2023-04-27

    Bed Bath & Beyond, the home goods retailer, has filed bankruptcy under Chapter 11 and plans to conduct liquidation sales and close all of its brick-and-mortar stores by June 30, as reported by The New York Times. The retailer points to an inability to adjust to the growth of online shopping as a reason for its downfall.

    Filed under:
    USA, Company & Commercial, Insolvency & Restructuring, Litigation, Mayer Brown
    Authors:
    Sean T. Scott , Aaron Gavant , Lisa A. Holl Chang
    Location:
    USA
    Firm:
    Mayer Brown
    What We’re Reading This Week [April 27, 2023]
    2023-04-27

    Bed Bath & Beyond, the home goods retailer, has filed bankruptcy under Chapter 11 and plans to conduct liquidation sales and close all of its brick-and-mortar stores by June 30, as reported by The New York Times. The retailer points to an inability to adjust to the growth of online shopping as a reason for its downfall.

    Filed under:
    USA, Company & Commercial, Insolvency & Restructuring, Litigation, Mayer Brown
    Authors:
    Sean T. Scott , Aaron Gavant , Lisa A. Holl Chang
    Location:
    USA
    Firm:
    Mayer Brown
    What We’re Reading This Week [April 27, 2023]
    2023-04-27

    Bed Bath & Beyond, the home goods retailer, has filed bankruptcy under Chapter 11 and plans to conduct liquidation sales and close all of its brick-and-mortar stores by June 30, as reported by The New York Times. The retailer points to an inability to adjust to the growth of online shopping as a reason for its downfall.

    Filed under:
    USA, Company & Commercial, Insolvency & Restructuring, Litigation, Mayer Brown
    Authors:
    Sean T. Scott , Aaron Gavant , Lisa A. Holl Chang
    Location:
    USA
    Firm:
    Mayer Brown
    Hong Kong: Landmark Court Decision Confirming Effect of Exclusive Jurisdiction Clauses on Insolvency Proceedings
    2023-06-14

    Hong Kong’s Court of Final Appeal (CFA) recently handed down its judgment in the case of Guy Kwok-Hung Lam v Tor Asia Credit Master Fund LP [2023] HKCFA 9, upholding the Court of Appeal's earlier decision that a creditor's bankruptcy petition presented in Hong Kong should not be allowed to proceed where the petitioned debt is disputed and arises from an agreement with an exclusive jurisdiction clause (EJC) in favour of a foreign court.

    Filed under:
    Hong Kong, Insolvency & Restructuring, Litigation, Mayer Brown, Bankruptcy, Court of Final Appeal (Hong Kong)
    Authors:
    Billy Y. C. Lam , Wilson Y. W. Fung
    Location:
    Hong Kong
    Firm:
    Mayer Brown
    US Bankruptcy Court Holds for Serta and Participating Lenders in Uptiering Transaction Dispute
    2023-06-13

    On June 6, 2023, the US Bankruptcy Court for the Southern District of Texas (the “Court”) confirmed Serta Simmons Bedding, LLC’s (“Serta”) Chapter 11 plan and held that Serta’s 2020 uptiering transaction (the “Uptiering Transaction”) did not breach Serta’s 2016 first lien credit agreement (the “Credit Agreement”).

    Filed under:
    USA, Banking, Insolvency & Restructuring, Litigation, Mayer Brown, United States bankruptcy court, US District Court for Southern District of Texas
    Authors:
    Brian Trust , Adam C. Wolk , Joaquin M. C De Baca
    Location:
    USA
    Firm:
    Mayer Brown
    What We’re Reading This Week [April 27, 2023]
    2023-04-27

    Bed Bath & Beyond, the home goods retailer, has filed bankruptcy under Chapter 11 and plans to conduct liquidation sales and close all of its brick-and-mortar stores by June 30, as reported by The New York Times. The retailer points to an inability to adjust to the growth of online shopping as a reason for its downfall.

    Filed under:
    USA, Company & Commercial, Insolvency & Restructuring, Litigation, Mayer Brown
    Authors:
    Sean T. Scott , Aaron Gavant , Lisa A. Holl Chang
    Location:
    USA
    Firm:
    Mayer Brown
    What We’re Reading This Week [April 27, 2023]
    2023-04-27

    Bed Bath & Beyond, the home goods retailer, has filed bankruptcy under Chapter 11 and plans to conduct liquidation sales and close all of its brick-and-mortar stores by June 30, as reported by The New York Times. The retailer points to an inability to adjust to the growth of online shopping as a reason for its downfall.

    Filed under:
    USA, Company & Commercial, Insolvency & Restructuring, Litigation, Mayer Brown
    Authors:
    Sean T. Scott , Aaron Gavant , Lisa A. Holl Chang
    Location:
    USA
    Firm:
    Mayer Brown

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