Douglas K. Brown , director of development for ASTI Environmental in Brighton, Michigan, recently received the Robert Sieghart Award for Enthusiasm for the Economic Development Profession during the Michigan Economic Developers Association Annual Conference. The award recognizes individuals who...
J ane H. Downey is a partner with Moore Taylor in West Columbia, South Carolina. She is certified by the South Carolina Supreme Court as a specialist in bankruptcy and debtor/creditor law and also as a mediator and arbitrator. In addition, the American Board of Certification has certified her as a...
The Canadian judiciary has occasionally been criticized by the litigation bar for not taking advantage of the summary judgment procedures set out in the Court Rules. Indeed, it seems that a summary judgment is granted only in exceptional circumstances, and a judge may be more likely to “kick the...
Lenders and borrowers alike benefit from reduced risk in loan transactions. One way lenders can reduce their risk is by lending to bankruptcy remote special purpose entities (SPEs), which are typically limited liability companies (LLCs) structured to limit their right to file bankruptcy. The...
With the number of corporate bankruptcy filings in the retail industry nearly doubling in 2016 and continuing to climb in 2017, 1 retailers and their legal and financial professionals are faced with innumerable challenges in navigating the corporate bankruptcy process successfully in a streamlined...
Bankruptcy filings by retailers in the first half of 2017 were on a record-setting pace, with 15 Chapter 11 filings in just the first six months of the year ( Figure 1 ). This exceeds the number of retailers that have filed for bankruptcy in any full year since 2009, and there is a significant...
It’s not news that traditional retail has been undergoing a sea change for quite some time, as evidenced by the growing number of big names that have been forced to downsize or close altogether in the past few years. Rue21 and Payless Shoe Store have each closed 400 stores so far this year...
Amazon’s announced acquisition of Whole Foods for $13.7 billion 1 is yet another sign of continuing competitive challenges faced by traditional supermarket chains. The Whole Foods acquisition brings Amazon a 468-store footprint, a fresh foods supply chain, new sourcing capabilities, and a strong...
George Bernard Shaw once said, “Progress is impossible without change, and those who cannot change their minds cannot change anything.” Those words have a special resonance for those of us in the turnaround community, especially those who focus on retail. We have witnessed record-shattering e-...
TMA will honor 72 professionals with the prestigious 2017 Turnaround and Transaction of the Year Awards during a special awards celebration at The 2017 TMA Annual, taking place October 23-25 at the Omni Fort Worth Hotel in Fort Worth, Texas. Since 1993, TMA has honored excellence through its annual...
