Interested in what has occurred in the market and specific industries over the last 12-18 months, especially regarding the COVID-19 pandemic? Tune in as panelists discuss this, plus how they see pandemic fallout continuing to impact businesses today and what it...
Q: How did you gravitate into turnaround/restructuring work? Schlitz: Sometimes you get lucky and fall where you’re supposed to land. That’s what happened to me. My first favorite law school class was commercial transactions. I liked the business component to it. Right around that same time, I...
It should come as no surprise that cannabis is one of the fastest growing industries in the United States. In spite of the current federal illegality of cannabis, 1 the numbers indicate that it is only a matter of time before cannabis’s status as a Schedule I controlled substance under the...
The nascent cannabis industry is in a state of constant flux. Starting in 2012 and leading up to today, buying and selling cannabis has varying legal implications, depending on the country, as well as the U.S. state. 1 The different stages of legalization have created significant opportunities and...
The growing trend of cannabis legalization in the United States and abroad has created a level of uncertainty for U.S. cannabis operations experiencing financial distress. In particular, because cannabis remains illegal at the federal level, cannabis and cannabis-adjacent businesses have largely...
More and more U.S. states have legalized the cultivation, distribution, and use of marijuana. Some states have legalized it only for medical purposes, while others have also legalized it for recreational purposes. As two examples, New York State recently enacted the Marijuana Regulation and...
The U.S. Bankruptcy Code provides relief to debtors to maximize value for the benefit of their creditors and other stakeholders. Such relief is extremely limited when debtors are state-legalized marijuana businesses, as they are denied access to Bankruptcy Courts because the manufacture,...
It is rare that you find a restructuring professional without an opinion (or two) on an insolvency topic, but when we started to plan this month’s issue of the JCR , the reactions were more restrained. Given the continuing struggle between federal and state law, many U.S. practitioners didn’t know...
Family businesses are of immense importance for the German economy. According to the Institute for small and medium size business research (IfM), approximately 3.7 million companies belong to the so-called German Mittelstand, which is the backbone of the German economy. Around 95% of those medium-...
Every month or so, another household name— e.g. , PG&E, Neiman Marcus, Hertz—commences a Chapter 11 case to restructure its balance sheet, reset its relationships with its creditors collectively, and leave its legacy problems in the past. The U.S. Bankruptcy Code is a carefully crafted and...
