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Texas Lawyer

Newsmakers: Week of Aug. 3, 2020

Thaddeus "Thad" Thomson Hutcheson Jr., a Houston native who had a long career with the firm of Baker Botts as a corporate lawyer, died July 11.
6 minute read

Daily Business Review

'Absolutely Insane' or Opportunity? Leaving Big Law for Miami Solo Bankruptcy Practice

Joe Pack started Pack Law in Miami to offer his bankruptcy and accounting skills when they were needed by businesses struggling in the recession caused by the coronavirus pandemic.
6 minute read

New Jersey Law Journal

Deed in Lieu of Foreclosure or Equitable Mortgage? Pitfalls for Lenders to Avoid

Analysis of recent New Jersey jurisprudence in this area and potential mitigants against the risks involved.
9 minute read

New Jersey Law Journal

NJ Supreme Court Affirms Mortgage Assignee's Right to Enforce Lost Note

This decision provides clarity that strengthens the rights of lenders and their assignees to enforce mortgage notes, and helps borrowers avoid expensive and unnecessary litigation over what is now a nonissue.
9 minute read

Texas Lawyer

A Perfect Financial Stress Storm: A Q&A With Dorsey & Whitney's Joseph Acosta

Texas Lawyer spoke with Dorsey & Whitney partner Joseph Acosta about the financial health of many big-name oil and gas, retail, restaurants and travel companies.
8 minute read

New York Law Journal

Enforcing a Judgment Against an Alter Ego of a Foreign Sovereign

A discussion of the specific advice the Third Circuit provided in the Crystallex decision to future judgment holders while also highlighting lingering uncertainties and unique particularities in this area of law.
9 minute read

New York Law Journal

Release and Waiver by an LLC Debtor of Its Affiliated Lenders Bars Subsequent Suit

Corinne Ball's latest column on Distress Mergers and Acquisitions looks at the recent decision in the 'Dura Automotive' case, addressing derivative standing in the bankruptcy of a limited liability company.
11 minute read

Texas Lawyer

Recession-Proof? Debt and Contract Lawyers Are Weathering the Coronavirus Storm Better Than Others

The coronavirus pandemic has drastically impacted lawyer income, but not every practice area is hurting the same. Debt counsel and contract attorneys seem to be the best off, compared to other practice areas.
5 minute read

Corporate Counsel

Risks and Rewards for Borrowers in Negotiating Economic Sanctions Provisions in Credit Agreements

Discussion of some key economic sanctions representations, covenants and compliance provisions that arise in credit agreements, and why it is important to sufficiently consider and negotiate these terms.
6 minute read

New York Law Journal

Sale of Collateral Not a Foreclosure, Can Move Forward Despite Pandemic, Manhattan Judge Rules

If Cuomo had intended to prohibit such sales, he would have "explicitly provided" for the UCC in his order, just as he did with several laws affected by the pandemic, Justice Frank Nervo wrote.
3 minute read

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