July/August 2020
More from this Issue
-
The Responsible Use of Technology
The world continues to grapple with the coronavirus pandemic, and various industries are struggling to pivot or otherwise implement creative solutions to recover from its devastating impacts. In this landscape, restructuring professionals are likely quite busy and becoming even busier as certain regions experience a second wave of coronavirus cases that, inevitably, will further impact […] -
Technology Is at the Root of a Better Tomorrow
I have often talked about how TMA has pivoted with purpose and, even before the pandemic, was creating a new pathway to TMA Tomorrow. The current state of affairs, however, has accelerated that charge, and at the forefront of it all is technology. The advent of a global pandemic has shown that people can create new […] -
TMA Members’ Knowledge, Skills Can Make the Difference Between Business Survival or Failure
Over the past several months we have experienced an unprecedented, albeit not unexpected, increased level of activity in the turnaround and restructuring space. With Chapter 11 filings occurring in an ever-increasing wave, and business liquidity challenges mounting, uncertainty and flexibility have become the so-called “new normal.”With this backdrop, the vital advice and services we provide […] -
Information Security and Privacy Best Practices in the Age of Pandemic
The COVID-19 pandemic has changed, perhaps permanently, how and where employees get their work done. A majority of the U.S. workforce is currently working remotely, and in the last several weeks corporate giants such as Google, Twitter, and Facebook have announced that some employees will be permitted to continue working remotely indefinitely. Other companies have […] -
Harnessing Massive Data to Track Money Movement, Uncover Fraud
In white collar fraud and bankruptcy cases, attorneys, bankers, and forensic accountants identify bank and financial records, issue subpoenas, and pore over the data to trace financial transactions from their source to their destination. The central theme is, what happened to the money? Where did it go? On what was it spent? The traditional approach […] -
Protecting Exclusive Distribution Rights for Patented Products and Other Licensed IP
The ability of companies to continue as going concerns has become more challenging than ever. As companies pivot and move forward with product production and sales, they must consider not only their financial viability but the financial viability of their customers, suppliers, and licensors. For companies that offer or sell products that are protected under […] -
What Restructuring Professionals Need to Know About the California Consumer Privacy Act
Every internet search, click, view, purchase, message, download, and delete creates a digital trail that companies can use to deduce individual consumers’ interests, habits, and preferences. This data forms the backbone of the information economy, facilitating targeted advertising and messaging on a grand scale. In response to growing concerns about possible invasions of consumers’ privacy, […] -
Court Blocks Investor’s Use of ‘Golden Shares’ to Prevent Bankruptcy Filing
In football, proper blocking helps a team control the line of scrimmage. Because a bankruptcy filing can shift the power away from an investor to the financially distressed company, investors often have sought to “control the line of scrimmage” and block companies in which they have invested from filing for bankruptcy. This has become more […] -
COVID-19 May Compel Reimagining the Turnaround Business Model
With each passing day, turnaround advisors, bankruptcy attorneys, and other supporting professionals answer the call as more and more businesses fight for their lives. Some of these businesses will implode from the pressures of the coronavirus crisis, while others will nimbly pivot and thrive with new opportunities. But there is no doubt that the turnaround […] -
A Different Road: Chip Hurley
Q: How did you gravitate into doing turnaround and restructuring work? HURLEY: I went to college and majored in geology. Before getting involved with the real estate industry, I was a geologist in the environmental industry. Then things changed within Michigan that forced me to modify my career path. I went to school for a geology […] -
Newcomers: July/August 2020
Alabama Brendan Knowles, Lee & Knowles PC Mark Underhill, BMSS Donald A. Wright, iCFOFinancial Services LLC Arizona Howard A. Chorost, Howard A. Chorost P.C. Atlanta Andrew Kizer, Riveron Yoojin Lee, Nelson Mullins Riley & Scarborough LLP Keith J. McNulty, Gold Branch Performance Arjun Patel, Conway MacKenzie Inc. Shayna M. Steinfeld, Steinfeld & Steinfeld PC California – Northern Nicholas L. Brandenburg […] -
Milestones
Joe Acosta and Samuel Kohn have joined Dorsey & Whitney LLP’s Bankruptcy and Financial Restructuring Practice as partners in the firm’s Dallas and New York offices, respectively. Acosta has a broad base of bankruptcy, corporate restructuring, workout, and commercial litigation experience. Formerly with Jones Day and most recently with FisherBroyles in Dallas, he has been […]