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Acquisitions Uniform Commercial Code (UCC)

Ice Miller

Puff, Puff, Pass the Assets: Purchasing Distressed Assets in the Cannabis Sphere

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Following years of explosive growth and regulatory change, the cannabis industry is at a turning point. Initial enthusiasm has fallen to harsh realities, and many cannabis businesses must address mounting financial pressure,...more

Allen Matkins

The UCC, Passover And Another Public Company Plans Delaware Exit

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In recognition of the beginning of Passover at sunset tomorrow, today's post reprises this post from 2015...more

Seward & Kissel LLP

Converting Celsius to Fahrenheit, “Carnival Barking” Not Allowed, Plastiq Surgery, Core Business and Mojo Rising

Seward & Kissel LLP on

Below is our initial take on recent bankruptcy-related developments: Bankrupt cryptocurrency lender Celsius Network LLC announced this week that it has chosen the proposal from Fahrenheit to exit bankruptcy. Fahrenheit, a...more

Flaster Greenberg PC

What Does My Company Need To Know Before Acquiring Another Company In Financial Distress?

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We have been asked many times to assist a client in the purchase of another business that has been experiencing financial difficulties. While the purchase can be a significant advantage to your company, there are several...more

Nutter McClennen & Fish LLP

Finding Opportunity in Distressed Circumstances

Q:  Do opportunities exist for asset buyers in times of distress? A: Yes, valuable assets may be for sale at affordable prices in times of distress for two reasons. First, a primary means of raising liquidity for cash-starved...more

Troutman Pepper Locke

Ambiguous UCC Collateral Descriptions: A Snare for Private Equity Companies

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On May 8, the U.S. Bankruptcy Court for the Western District of Missouri in In re 8760 Service Group held that a creditor had a first-priority interest in certain collateral of a debtor, before a subsequent creditor, despite...more

Troutman Pepper Locke

Anti-Assignment Clause Enforced by Delaware Bankruptcy Court

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On June 20, the U.S. Bankruptcy Court for the District of Delaware held that anti-assignment clauses contained in certain promissory notes were enforceable under Delaware law, contract law and the Uniform Commercial Code. ...more

Holland & Knight LLP

10 Key Intellectual Property Issues for M&A Deals

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Intellectual property (IP) issues are increasingly important factors in merger and acquisition (M&A) transactions. Of the various industry sector transactions included in recent American Bar Association (ABA) Business Law...more

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