By Dan Roe | June 16, 2022
The 90-year-old cosmetic company filed for bankruptcy in New York this week and turned to Paul Weiss' Paul Basta as lead counsel.
New York Law Journal | Expert Opinion
By Scott A. Weinberg and Billy M. Hildbold | May 17, 2022
In their Real Estate Financing column, Scott Weinberg and Billy Hildbold discuss the importance of an intercreditor agreement, which "at its core, sets the boundaries and expectations when it comes to issues that may affect both a mortgage loan and a mezzanine loan."
New York Law Journal | Expert Opinion
By Bruce J. Bergman | May 10, 2022
In foreclosure cases, the consequences of a mistake can be critical. One misstep is failing to name and serve a party with a junior interest, a "necessary party." The strict foreclosure action is a way of solving what could otherwise be a "very thorny dilemma."
New York Law Journal | Commentary
By Adam M. Swanson and Timothy William Salter | April 5, 2022
If enacted, this so-called "foreclosure abuse prevention act" would present a radical departure from more than a century of well-settled law, likely accelerating gentrification and exacerbating New York City's housing crisis by creating favorable conditions for real estate speculators to prey on, and profit off, vulnerable and distressed homeowners.
The American Lawyer | Analysis
By Dan Roe | April 1, 2022
Small business bankruptcy filings are on the rise, but a legislative lapse means Chapter 11 is temporarily off the table for thousands of commercial debtors.
New York Law Journal | Analysis
By Carlos J. Cuevas | March 30, 2022
'Wigley' provides an excellent example of why parties should try to resolve non-dischargeability adversary proceedings through mediation.
By Dan Roe | March 21, 2022
Jeffrey Saferstein, the longtime outside counsel to Apollo Global Management, is joining Weil's restructuring practice in New York, the firm announced on Monday.
New York Law Journal | Analysis
By Daniel G. Fish | February 16, 2022
Effective May 30, 2022, a law sponsored by NYS Senator Alessandra Biaggi and NYS Assemblyman Jeffrey Dinowitz and signed by Governor Hochul will allow co-op owners to apply for reverse mortgages.
New York Law Journal | Analysis
By Bernard D'Orazio | December 20, 2021
The relative ease of beginning a real property execution does not mean this step should be taken in all cases. This article discusses the significant issues to be considered.
New York Law Journal | Analysis
By Elliot Pisem and David E. Kahen | December 15, 2021
In this edition of their Taxation column, Elliot Pisem and David E. Kahen discuss a recent decision in which the Tax Court determined that the Ricketts family's investment, although documented as subordinated debt, was properly characterized as "equity" for tax purposes, such that the deferral sought by Tribune Media was unavailable.
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