Retail, Real Estate & COVID-19: Pandemic Workouts & Predictions for the New Normal
By Sunny Singh and Alexander W. Welch, Partners & Daphne Papadatos, Associate, Weil, Gotshal & Manges LLP
The onset of the COVID-19 pandemic was too much for many businesses to bear. In the words of Warren Buffet, “Only when the tide goes out do you discover who's been swimming naked.” When the tide went out in March 2020, restructuring demands were exacerbated for certain real estate players. The...
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Daphne Papadatos is an associate in the Restructuring Department of Weil, Gotshal & Manges LLP’s New York office. She has been actively involved in the firm’s representation of debtors across a broad range of industries, including retail, energy, and food service, and in the representation of creditors and other interested parties in various corporate restructurings and related transactions.
Alexander W. Welch is a partner in the Restructuring Department of Weil, Gotshal & Manges LLP’s New York office. His practice includes domestic and international corporate restructurings, liability management and governance, and distressed financings and M&A. Welch has experience advising debtors, creditors, equity holders, sponsors, and other interested parties in a variety of industries, including retail, financial services, technology, energy and power generation, energy exploration and services, and manufacturing.
Sunny Singh is a partner in the Restructuring Department of Weil, Gotshal & Manges LLP’s New York office. He advises debtors, creditors, sponsors, investors, acquirers, lenders, and other interested parties in all aspects of distressed and insolvency situations, both in and out of court. Singh has extensive experience with prepackaged Chapter 11 cases and asset sales under the U.S. Bankruptcy Code. His engagements have ranged across various industries, including airlines, banking, financial services, oil and gas, and retail.