The California decision reinforces a strict approach to assumption of franchise agreements, underscoring potential roadblocks for franchisee reorganizations.
Even where a debtor is not assigning a franchise agreement,...more
12/11/2024
/ Bankruptcy Code ,
Bankruptcy Court ,
California ,
Commercial Bankruptcy ,
Consent ,
Corporate Counsel ,
Franchise Agreements ,
Franchisee ,
Franchisors ,
Intellectual Property Protection ,
Lanham Act ,
Reorganizations ,
Trademarks
TAKEAWAYS -
A transfer of control of a borrower or its business to non-U.S. lenders who exercise remedies under financing documents could trigger CFIUS issues.
CFIUS regulations adopted in February 2020 dramatically...more