The global coronavirus (COVID-19) crisis continues to have a devastating impact across all segments of the entertainment industry. The cancellation or postponement of film and television productions, concerts, sporting...more
4/1/2020
/ Asset-Backed Securities ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Corporate Restructuring ,
Entertainment Industry ,
Equity Plans ,
Event Cancellation ,
Families First Coronavirus Response Act (FFCRA) ,
Force Majeure Clause ,
Internet Streaming ,
Liquidity ,
Material Adverse Change Clauses (MACs) ,
NLRA ,
Risk Management ,
SBA ,
Shelter-In-Place ,
Small Business Loans ,
State of Emergency ,
Stock Options ,
WARN Act
The last major revision to U.S. business reorganization laws occurred in 1978. Since then, companies’ capital structures have become more complex and rely more heavily on leverage, including secured debt in particular; their...more
Historically, the Chapter 11 bankruptcy process was not used as a technique to recapitalize struggling banks. An aversion to using Chapter 11 was attributable in part to concerns that regulators and depositors might perceive...more