Krystyna Blakeslee at Dechert LLP

Ace in the Hole: NY Court Gives Hotel Owner New Way to Oust Hotel Manager and (Re)Claim Management of the Property

A recent decision of the New York state appellate court has given hotel owners a new way to override contract provisions in long-term property management agreements and oust hotel managers from managing the property. In...more

4/25/2013 - Hotel Management Agreements Hotels Notice of Default Ouster

No Marriage for Mortgage Resolution Partners Yet (But Proposal Still Being Considered)

Last summer, we at Crunched Credit wrote (here, here and here) about Mortgage Resolution Partner’s (“MRP”), a San Francisco-based venture-capital firm, proposal whereby underwater performing residential mortgage loans held in...more

4/8/2013 - Eminent Domain Investors Mortgages Municipalities Underwater Homeowners Venture Capital

Left Out in the Cold: New Jersey Court Holds Condemning Authority Not Required to Negotiate with Lenders in Eminent Domain...

Early last month, in Borough of Merchantville v. Malik & Son, LLC, 429 N.J. Super. 416 (App. Div. 2013), the New Jersey appellate court held that a condemning authority, under the State’s eminent domain law, was not required...more

3/5/2013 - Condemnation Eminent Domain Fifth Amendment Foreclosure Just Compensation Mortgages Negotiations

When Lenders are the Losers in Bankruptcy Court...Well, Not so Fast

Last October, I wrote about a scheme employed, in three separate bankruptcy cases, by debtors seeking to evade the absolute priority rule in order to keep the real property owned by the debtor in the hands of the ‘family’ at...more

3/1/2013 - Absolute Priority Rule Chapter 11 Commercial Bankruptcy Debtor-Creditor Debtors In re Castleton Plaza Lenders Single-Asset Debtor

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Krystyna Blakeslee

Dechert LLP

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