Mar

    Franchisee Bankruptcies: Key Issues at the Intersection of Bankruptcy and Franchise Law [CC]

    1 PM EDT

    Retailers and restaurants are filing for bankruptcy protection at increasing rates, primarily because of changing consumer preferences away from brick-and-mortar establishments and toward online shopping and food delivery services. This program, presented by a retired U.S. Bankruptcy Judge and an experienced franchise practitioner, will analyze the key issues that arise when bankruptcy and franchise law intersect.

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    The panel will discuss the bankruptcy tools a franchisee may employ to cure defaults under the franchise agreement to continue operations and prevent termination. Additionally, the panel will discuss the mechanics of the automatic stay and stay relief, along with rights and defenses related to assumption and assignment of franchise agreements and unexpired leases. This panel will also address the most common legal issues arising in a franchisee bankruptcy and provide insight, practice points, and strategic considerations from the perspective of the franchisee, the franchisor, and the bench.

    In-house counsel and outside franchisee and franchisor counsel will learn to:

    • Recognize bankruptcy basics: types of cases, relevant parties and estimate the general timeline and order of key events in a Chapter 11 reorganization
    • Understand the application of the automatic stay and recognize the legal standard and grounds for obtaining relief from stay
    • Recognize what constitutes property of the estate and analyze the timing and propriety of franchise agreement terminations with state law considerations
    • Analyze the applicable standards for assumption, rejection and assignment of franchise agreements and unexpired leases and analyze distinctions with Circuit splits

    Closed Captioned.

    Event Details

    Duration

    90

    Format

    Web

    Date

    Mar 26, 2020

    2020-03-26T13:00:00-04:00 2020-03-26T14:30:00-04:00 Franchisee Bankruptcies: Key Issues at the Intersection of Bankruptcy and Franchise Law [CC]

    Retailers and restaurants are filing for bankruptcy protection at increasing rates, primarily because of changing consumer preferences away from brick-and-mortar establishments and toward online shopping and food delivery services. This program, presented by a retired U.S. Bankruptcy Judge and an experienced franchise practitioner, will analyze the key issues that arise when bankruptcy and franchise law intersect.

    Sponsors

    Panelists

    Elizabeth Rose

    Mary Grace Diehl

    MCLE Information

    The ABA will seek 1.50 general CLE credit hours in 60-minute-hour states, and 1.80 general CLE credit hours in 50-minute states. Credit hours are estimated and are subject to each state’s approval and credit rounding rules.

    View - MCLE Details

    Deaf/Hard of Hearing Attendees

    CART (Communication Access Realtime Translation) service provides instant accessibility for the deaf and hard of hearing by delivering the spoken word as a realtime stream of text. CART service for this program is firewall-friendly and works in almost any network environment with Internet access, and is compatible with all major web browsers.

    Read more about - Webinar Features

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