COVID-19: Financial Restructuring/Workouts/Receiverships

On a daily basis, Lewis Brisbois’ Financial Restructuring and Loan Workout Group lawyers are assisting clients with lending, borrowing, force majeure, restructuring, re-negotiating, and regulatory compliance for myriad issues resulting from the COVID-19 pandemic. Our attorneys have addressed our clients’ needs to create workout plans that address extensions, recalculation of EBITDA and amortization schedules, enforcement or extension of guaranties, and other issues to modify distressed loans, commercial leasing agreements, acquisition and sale agreements, hotel management agreements, event agreements and other contractual relationships that warrant renegotiation in light of the COVID-19 pandemic. When a workout is not feasible, we have advised clients on judicial and non-judicial foreclosure actions, injunctions, attachments and receiverships, assignments for the benefit of creditors, and bankruptcy.