This week’s crop of deals are nothing if not diverse: a gold mining company, diapers, dried foods, luxury cars and RTD cocktails. The CDT Roundup breaks them down.
While energy bankruptcies are likely to continue, the airline industry may end up being the hardest hit, according to panelists participating in last week’s “Corporate Bankruptcy Fever” CLE. Moreover, the disruptions that have emerged from the COVID-19 pandemic are changing the paths and prospects for many more businesses in many different industries facing Chapter 11.
Whether they are preparing to file or scrambling so they don’t have to, there are two traits that characterize most recent transactions in Texas: bankruptcy or the fear of bankruptcy. This is not hard to imagine in a state where bankruptcies have tripled over this time last year.
Summer disciplinary actions at the State Bar of Texas were scant. Activity reported include four suspensions and one request for reinstatement.
Is the business of law business getting back to normal? Maybe. If the numbers over the last few weeks mean anything, things are both more and less normal. Willkie Farr’s Michael De Voe Piazza thinks it’s a trend worth noting. The CDT Roundup has the deals.
Hating the term “New Normal”? Get used to it. As S&P Global Market Intelligence reports, it’s going to be a long road back. The CDT Roundup explains.
Two sides to the coin. Two-edged sword. Yin and Yang. Pick your metaphor, but both pessimists and optimists will find succor in this week’s transactions. Allen Pusey explains.
How hard has the coronavirus been on transactional activity from week to week? We decided to check the figures from March through July against the same time period during the two previous years. Here’s what we found.
The UT Law School grad with a New York background and a strong PE client base, previously led the Houston office and Texas transactional practice at Jones Day.
So much for low-cost M&A pickups at the bankruptcy court. Japanese-owned 7-Eleven bought 3,900 Speedway locations from Marathon Petroleum on Sunday for $21 billion. The Lawbook has the lawyers who made the deal happen.