The COVID-19 pandemic has had an impact on almost every business sector in the United States. However, commercial real estate is the one area that has not only felt the impact, it may feel the after effects once the impact subsides. With certain offices...
When a company is in a crisis, it needs to make sure it has a board that can meet the task. Some crises develop over time due to shifting markets, deteriorating profitability, or lack of access to capital. As is happening today, the other form of crisis can be characterized as a “Grey Rhino” event...
By the spring of 2020, Red, the Steakhouse, in Miami Beach was thriving, poised to capitalize on its success and further expand its brand. With a prime location in the city’s fashionable South of Fifth (SoFi) neighborhood, the restaurant boasted a 198-seat main dining room; a 16-person, glass-...
The COVID-19 pandemic hit the world unexpectedly and caused what is expected to be one of the biggest global economic crises in history. One of the hardest hit branches is the automotive industry, a crucial sector for many national economies, including the Czech Republic, a small country of 10.6...
The economic impact of the COVID-19 crisis has placed everyone in uncharted waters. Conversations with senior management have shifted from acquisitions, turnarounds, and hypergrowth scenarios to the consequences of shelter-in-place orders and their impact on businesses. Obviously, the impact varies...
The coronavirus outbreak has impacted the hospitality industry disproportionally more than other industries. For many companies, revenues have fallen off the cliff. Further, the uncertainty and likely overhang of disruption caused by pandemic in the hospitality industry will continue for the...
First came subprime mortgages, the ensuing financial crisis, and the Great Recession. Then predictions came of a retail apocalypse caused by the Amazon effect. Despite years of grim headlines predicting the demise of traditional brick-and-mortar stores, retailers have continued to find ways to...
Manufacturers may have hundreds or thousands of commercial contracts, each of which might be materially different. Understanding their rights and what they can do to protect themselves if a counterparty stops paying or delivering, or files for bankruptcy or some other form of insolvency proceeding...
COVID-19 seems to know no bounds. It has indiscriminately decimated the world economy and has affected people on every corner of the earth, from prime ministers to paupers. I, too, tested positive while organizing this magazine. Thankfully, it was a mild case. However, the virus’s effect on...
