Vincent Indelicato Corporate Attorney Proskauer Rose New York, NY focusing on corporate restructurings, with an emphasis on the representation of direct lenders, ad hoc groups, bondholders, and creditors’ committees both out of court and in chapter 11.
The private real estate industry has been anticipating distress since the start of the pandemic. But as governments passed emergency measures to keep the economy afloat, the prospect of.
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Grocery Chain s Ch. 11 Plan OK d After $96M Sale To Acme
Law360 (February 22, 2021, 3:19 PM EST) The owner of the Kings Food and Balducci s supermarket chains received approval Monday from a New York bankruptcy judge for its Chapter 11 wind-down plan that will distribute the proceeds of a $96 million asset sale to its creditors.
During a virtual hearing, debtor attorney Vincent Indelicato of Proskauer Rose LLP credited the success of the case to the more than 3,000 workers at KB US Holdings Inc. s stores that kept them running during the pandemic and allowed for the sale to Albertsons Cos. subsidiary Acme.
CAA”), which provides $900 billion in new COVID-19 relief funding, was signed into law on December 27, 2020. Section 324 of Title III of the CAA, the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (the “
Economic Aid Act”), introduces a new $15 billion grant program through which the U.S. Small Business Administration (the “
SBA”) will provide aid to struggling live venue operators and certain related businesses. This program offers a critical lifeline from the Federal government for the nation’s performing arts venues, movie theatres and museums. Grants made under such program are referred to by the SBA and in this publication as “