Rocco Cavaliere, Vice Chair of our Bankruptcy Practice, was recently quoted in the Marketwatch article “WeWork Landlords Could See Steep Losses on Any Rejected Leases in Bankruptcy.”

He indicates that “a debtor only needs to show it is exercising business judgment when it is rejecting a lease, once it files for bankruptcy. It’s a standard that is fairly easy to meet.” However, Rocco further advises that this legal standard may be more difficult to meet if WeWork’s licensees do not voluntarily leave the premises after rejection. In that case, WeWork will not be able to surrender the premises to a landlord, thereby potentially delaying the effective date of any rejection. Read the full article here: https://lnkd.in/ejTAS7Jy