Davis to Financial Execs: A BRE Blocking Director Is Not a Guarantee Against Bankruptcy
01 April 2017
Partner Gardner Davis penned an article in Global Banking and Finance Review, “Don’t Assume Bankruptcy Remote Means Bankruptcy Proof,” explaining in detail that using a bankruptcy remote special purpose entity (BRE) is not the way for businesses to guarantee themselves against bankruptcy. By analyzing deals, cases and BRE organizational documents throughout the article, Davis illustrates why it is imperative for financial executives to actively stay aware of potential bankruptcy filings.
Read the full article here. The article can be found on pages 86-87.
Read the full article here. The article can be found on pages 86-87.
Author(s)
Related Insights
26 July 2024
Video
Ten Minute Interview: Art Ownership
Brian Lucareli, director of Foley Private Client Services and co-chair of Foley’s Family Offices group, sits down with Lindsey Birch, associate and member of our Intellectual Property practice group, for a 10-minute interview to discuss art ownership.
26 July 2024
Foley In Fashion
Passing the Torch: Technology in the Opening Ceremony Fashion at the Paris Olympics
With the 2024 Olympic Games set in Paris, France, one of the world’s fashion capitals, athletics and aesthetics collide to take center stage at the much-anticipated opening ceremony.
25 July 2024
Foley In Fashion
SHEIN’s $1.9 Million Data Breach: A Cautionary Tale for Online Fashion Brands
The New York Attorney General fined fast-fashion company, Shein Distribution Corporation, $1.9 million for failing to properly handle a data breach in late 2022.