“One pill makes you larger
And one pill makes you small….”
— “White Rabbit” by Jefferson Airplane
Committees
For the Winter Leadership Conference, the topic of our committee’s panel, “Anatomy of a Pharmaceutical Bankruptcy Case,” was a collaboration of the Financial Advisors/Investment Bankers and the Commercial and Regulatory Law Committees. Moderator Jeff Garfinkle led panelists Hon.
From taxation to securities, the ownership and sale of Bitcoin and other cryptocurrency is subject to a complex patchwork of federal laws. Tax, securities, commodities and anti-money laundering regulations may apply to those who engage in cryptocurrency transactions as a consumer, business enterprise or investor.
[1]Most restructuring lawyers see “tax” and immediately run for help from specialists down the hallway or maybe at other firms. That’s the right thing to do, and we tax lawyers appreciate the job security.
Interim managers are take-charge types with strong inclinations toward quickly assessing situations and developing and rapidly implementing solutions. Almost by definition, they are thrown into troubled companies and challenged to “turn things around” in short order. Often, this can mean taking tough measures, such as reducing staff through planned layoffs.
In 2016, 763 higher education institutions closed, the highest number since 2012.[1] While primarily for-profit schools closed, independent not-for-profit (NFP) schools closed as well.
Ascribing reasons for the schools’ closures risks conclusion bias, but there are some macro trends to note:
In 2016, 763 higher education institutions closed, the highest number since 2012.[1] While primarily for-profit schools closed, independent not-for-profit (NFP) schools closed as well.
Ascribing reasons for the schools’ closures risks conclusion bias, but there are some macro trends to note:
Revenue and EBITDA are down, the cash runway is short, and time is of the essence. So in a turnaround, set your sights on becoming a start-up.
Budget deficits abound and past promises have been broken, irrevocably. If governments honestly valued their assets and liabilities, most would be insolvent. In the not-too-distant future, delivery of essential services will require a new mix of “skill and will” from our elected leaders and public-sector employees.
According to the M&A Advisor,[1] “often failures occur because of … the inability to retain key talent.
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Markowitz, Ringel, Trusty & Hartog, PA
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Dentons Bingham Greenebaum
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U.S. Bankruptcy Court for the District of Arizona, Phoenix Division
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White and Williams LLP
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Lessne Law
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