On July 6, 2022, the Court of Appeals for the Second Circuit decided In Re: Eileen Fogarty, holding that a mortgagee violated the automatic stay imposed when a tenant filed bankruptcy by proceeding with a foreclosure sale that named the same tenant as a defendant. The automatic stay provisions in the Bankruptcy Code are intended to protect debtors by prohibiting any actions or legal proceedings that may dissipate the debtor’s assets or interfere with the orderly administration of the bankruptcy estate.
This month we are reporting on the volatility in the UK borrowing rates and how this affects lending documentation and strategies around hedging.
Real Estate Finance practice head Bonnie Neuman and partner Holly Chamberlain were recently named Law360 MVPs − Bonnie for “Hospitality” and Holly for “Real Estate.” In addition, our London team recently received recognition in the 2023 edition of The Legal 500 United Kingdom.
Here is a rundown of some of Cadwalader's recent work on behalf of clients.