Coworking Vibes That Also Drive Revenue forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Refi Reveals What Tenants Pay at Chetrit s 26 Broadway Office Tower therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
When is a loan not a loan? The SDNY Bankruptcy Court in
In
Re: Live Primary, LLC held that a $6 million start-up loan was
actually an equity contribution after analyzing the terms of the
transaction and the intent of the parties. The court
recharacterized the loan as equity given the alleged loan
functioned as an equity investment would be expected to function.
As a result, the insider investor s claim was subordinated to
the claims of creditors of the company.
The Risks of Recharacterization
Shareholders, sponsors, and third-party lenders should be aware
of the risks of recharacterization. Many debt instruments held by
Bankruptcy Court Recharacterizes Alleged Loan as Equity Under Delaware Law | Troutman Pepper jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.