This article analyzes PWM Property Management LLC's bankruptcy filing in the U.S. Bankruptcy Court for the District of Delaware to explain the impact of the use of corporate governance blocking provisions.
The filing also...more
6/30/2022
/ Bankruptcy Code ,
Bankruptcy Court ,
Blocking Power ,
Chapter 11 ,
Commercial Bankruptcy ,
Cooperation Agreement ,
Corporate Governance ,
Creditors ,
Debtors ,
Limited Liability Company (LLC) ,
Liquidation ,
Mezzanine Lenders ,
Reorganizations ,
Triggering Event
I. Introduction -
The economic upheaval caused by the outbreak of COVID-19 was unprecedented in the United States and abroad. Employees were furloughed, businesses were mothballed or shut down altogether....more