Partner Cliff Risman was quoted in a Skift article, “What Happens When a Massive Wave of Hotels Default?” about the large number of U.S. hotel owners at risk of defaulting on their mortgages due to the coronavirus pandemic.
Risman questioned how many hotel foreclosures will actually materialize because of the high volume that would occur if banks or commercial loan servicers played hardball. “I think a lot of the lenders learned some very good lessons in the last downturn,” he said. “If the lender could foreclose and change a flag or management company and operate better or differently, yeah they would. But this is a problem that changing a flag and management company isn’t going to fix.”
23 February 2024 In the News
Christopher Swift Comments on New U.S. Sanctions Against Russia
Foley & Lardner LLP partner Christopher Swift is quoted in the CBS article, “U.S. issues hundreds of new Russia sanctions over Alexey Navalny's death and war in Ukraine.”
22 February 2024 In the News
Louis Lehot Authors Article on the Business of Space Tourism
Foley & Lardner LLP partner Louis Lehot authored The Recorder article, “An M&A Lawyer's Insight Into Earth's Challenges From Outer Space,” exploring the growing business of space tourism and the plans underway for expanding this novel form of escape.
21 February 2024 In the News
Kate Gehl and Paul Piaskoski Author Article on FTC Approach to AI
Foley & Lardner LLP partner Kate Gehl and associate Paul Piaskoski authored the IP Litigator article, “FTC Weighs in on Threats to Competition from Artificial Intelligence in Comment to U.S. Copyright Office,” exploring the U.S. Federal Trade Commission’s approach to the emerging technology.