Feature | TMA

Treatment of Healthcare Company Provider Agreements Is Key in Chapter 11 Bankruptcy Sales

Many healthcare companies, both for-profit and nonprofit, are facing increasing financial distress, causing many of them to seek relief under Chapter 11 of the U.S. Bankruptcy Code to restructure their financial obligations, sell substantially all of their assets, or implement an orderly plan of...

Read

Bankruptcy

Healthcare

Restructuring

Challenged Senior Housing Sector Struggles to Endure a Pandemic

Senior housing is vast sector of the healthcare industry consisting of numerous providers, both taxable and tax-exempt, ranging from independent living housing to skilled nursing homes to comprehensive life plan communities and just about everything in between. Operators and capital sources have...

Read

Healthcare

Restructuring

The CARES Act: Savior or Continuing Curse?

During the summer of 2021, the United States began to tentatively emerge from the COVID-19 pandemic, a dynamic that was supported thanks to hospitals nationwide benefiting from payments received in accordance with the Coronavirus Aid, Relief, and Economic Security (CARES) Act. As of April 2021, an...

Read

Healthcare

Restructuring

Adding DE&I to the Turnaround Toolkit

At the core, the overarching goal of every turnaround or corporate restructuring, whether in or out of court, is to maximize enterprise value. When determining how best to accomplish that objective, enterprise leaders, together with their advisors, evaluate a variety of operational, legal, and...

Read

Diversity, Equity & Inclusion

Restructuring

Recent Delaware Decision Affirms Utility of Consent Rights Partners LLC

Anyone who is considering lending to, investing in, or partnering with a company must also consider how to protect their interests and rights after the transaction closes. How can a lender, investor, or partner ensure that its funds or other contributions are being used only as intended,...

Read

Lending

Law

Retail’s Next Wave of Challenges: Inflation, Labor, and Supply Chain

In recent months, retailers seem to be on a stronger footing but continue to face challenges spurred by the impacts of the pandemic. These impacts—labor shortages, supply chain issues, unpredictable inventory levels, and inflation—have created a rocky terrain for the retail landscape. By...

Read

Retail

The New Normal: Impact of the Global Pandemic on U.S. Restructurings

The U.S. experienced the lowest total number of bankruptcy filings since 1986 last year, including individuals filing for bankruptcy, a somewhat surprising statistic given the devastating impact of the pandemic-driven shutdowns across the United States and around the world. Bucking that trend,...

Read

Bankruptcy

Geography

Smooth Landing for Norwegian Air Group in Irish High Court Cross-Border Restructuring

On 26 May 2021, the Norwegian Air Group successfully completed its global restructuring, which began in the Irish High Court on 18 November 2020. At the commencement of the restructuring, the group was one of the largest low-cost airline carriers in Europe and among the 10 largest in the world. It...

The Impact of COVID-19 on Cayman Islands Restructurings

The long-term global impact of the COVID-19 pandemic will be far-reaching. It has already led to a significant drop in economic activity across the world, with certain industries, such as aviation, retail, hospitality, and tourism, being particularly affected. The Cayman Islands is home to one of...

Read

Geography

Restructuring

The Impact of COVID-19 on Restructurings in Singapore, Hong Kong, and China

In the wake of the novel coronavirus (COVID-19), there has been significant disruption to the global economy. With lockdowns implemented, demand for goods and services has dropped drastically, and production and provision of services have slowed. Social distancing measures and travel restrictions...

Read

Geography

Restructuring