Eastern District of Virginia Bankruptcy Court Finds Landlord’s Lender Has No Right to Enforce Landlord’s Lease with Bankrupt Retailer

OVERVIEW

Filed under:
USA, Insolvency & Restructuring, Litigation, Real Estate, Weil Gotshal & Manges LLP, Coronavirus
Authors:
Ronit J. Berkovich , Justin Kanoff
Location:
USA
Firm:
Weil Gotshal & Manges LLP
Ninth Circuit B.A.P. Drove Down Bayshore Boulevard and Rendered a Decision on the Merits of a Section 363(m) Appeal in the Face of New Facts

“We’re riding down the boulevard,
We’re riding through the dark night,
With half the tank and empty heart,
Pretending we’re in love, when it’s never enough, nah.”

Filed under:
USA, Insolvency & Restructuring, Litigation, Private Client & Offshore Services, Real Estate, Weil Gotshal & Manges LLP, Ninth Circuit
Authors:
Andriana Georgallas
Location:
USA
Firm:
Weil Gotshal & Manges LLP
Insolvency in property

The property industry has seen a dramatic decline in capital values over the last two years with peak to trough falls of approximately 44 per cent compared to a peak to trough decline of approximately 27 per cent during the recession of the early 1990s. This, together with the effect of the challenging economic climate, has led to a number of high profile insolvencies of property owners, developers and occupiers. Given the uncertain economic outlook, it is likely that these trends will continue.

Filed under:
United Kingdom, Insolvency & Restructuring, Real Estate, Norton Rose Fulbright, Landlord, Leasehold estate, Covenant (law), Economy, Due diligence
Location:
United Kingdom
Firm:
Norton Rose Fulbright