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There are many opinions about what the workplace of the future will look like post COVID-19. Corporate America has long had mandates and best practice policies around remote working, improved office efficiency, sustainability and wellness. Over the past five years, law firms have gradually been adopting these same best practices for their organizations. With the coronavirus pandemic, there is focused attention and a sense of urgency regarding the employee health and wellbeing side of workplace best practices, while also a grave concern about the economic impact of implementation of these practices to the firm’s occupancy cost and bottom line.
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By Jonathan Koevary and Robert Gagne
To say the least, for those companies that filed for bankruptcy on the eve of the COVID-19 shutdowns, the strategies — and available cash flows to pay landlords — did not go as planned.
By Jeffrey B. Steiner and Scott A. Weinberg
This article reviews a recent case, D2 Mark LLC v. OREI VI Investments LLC, to understand how the court’s decision may provide mezzanine lenders with guidance in structuring a UCC foreclosure sale auction in the COVID-19 landscape so as to strengthen their position against any claims by the mezzanine borrower that the sale is not commercially reasonable.
By Lidia Dinkova
Single-asset real estate bankruptcies (SAREs) are streamlined reorganizations for debt taken out by borrowers on just one property, giving them a three-month window to propose a restructuring plan.
New ebook from ALM's Law Journal Press addresses clients' questions about the enforceability of contracts in the wake of COVID-19.