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IFA Legal Symposium: Financing Remains Immense Problem for Franchisors
Conversation at the 41st annual International Franchise Association (“IFA”) Legal Symposium in Washington, DC, focused on the challenges that franchisors and franchisees are facing in obtaining financing for continuing operations and expansion, as well as other impacts of the two-year U.S. recession. As the U.S. economy recovers, franchise entrepreneurs and attorneys said that lending has yet to return to corporate America.
The tough funding environment has significant implications for franchise businesses, said a panel of legal and business experts in the keynote panel at the conference. Perhaps surprisingly, the panelists said that the impact of the recession will not be universally negative, because a stronger, smarter franchising industry is poised to emerge from the wreckage. With lenders looking much more carefully at franchise brands and individual franchisees, the weaker operators that were able to obtain funding in the past will not be likely to gain market entry in the future.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
Disconnect Between In-House and Outside Counsel
'Disconnect Between In-House and Outside Counsel is a continuation of the discussion of client expectations and the disconnect that often occurs. And although the outside attorneys should be pursuing how inside-counsel actually think, inside counsel should make an effort to impart this information without waiting to be asked.