Landlord & Contract Counter Parties Representation
Our Bankruptcy team regularly represents landlords and tenants in all facets of out-of-court workouts, restructurings, and bankruptcy matters. In collaboration with our Real Estate attorneys, we counsel landlords and tenants through the challenges—and opportunities—arising from a counterparty’s financial distress. Similarly, our Bankruptcy practice group skillfully represents non-debtor contract parties to effectively and efficiently limit our clients’ risk and liability and to advance our clients’ business interests.
We represent landlords, tenants, and contract counterparties in a full array of bankruptcy issues, including contractual negotiations, forbearance agreements, assumption and assignment of leases and contracts, and claims related to lease rejection damages. Our broad experience ranging from small and middle-market to large and complex restructuring and bankruptcy matters in a variety of industries across the country helps our bankruptcy team understand the specific issues facing landlords, tenants, and contract counterparties.
- Represented a variety of landlords in large and complex cases throughout the nation, including Mattress Firm, Ignite Restaurants, Mac Acquisition, Radioshack, Toys “R” Us, Restaurants Acquisition, Energy Future Holdings, Circuit City, Movie Gallery, The Great Atlantic & Pacific Tea Company, Borders, HUSA, Inc., Seahawk Drilling, and MJ Designs.
- Represented national owner of real estate in numerous bankruptcy cases throughout Texas, including with respect to proposed treatment of leases and post-confirmation default issues.
- Represented multiple seismic company licensors in various bankruptcy cases. Successfully opposed and negotiated acceptable terms for confirmation of proposed bankruptcy plans that would have negatively affected seismic licensor rights.
- Represented energy trading counterparties regarding the treatment of their forward contracts and swap agreements in Chapter 11 cases.
January 25, 2021
Jackson Walker partner Michael S. Held spoke with CoStar News about Studio Movie Grill’s bankruptcy filing and how it impacts his client, the landlord of the theater’s Fort Worth venue.
December 24, 2020
“There have been a lot more debtors in this case than the original motion contemplated, and the court is going to afford interested parties their due process,” said Michael Held, a partner at the Jackson Walker law firm specializing in restructuring and bankruptcy, in an interview with CoStar News. “It looks like less than 10% of their leases have been modified at this point, which also could mean this will take more time.”
December 7, 2015
By Rob Harlow
Texas House Bill 910, also known as the “Open Carry” bill, was signed in to law by Governor Greg Abbott on June 13, 2015. Most of the provisions of the “Open Carry” law become effective on January 1, 2016. The new “Open Carry” law authorizes individuals to obtain a license to openly carry a handgun in the same places that a person could previously carry a concealed handgun, with a few exceptions. Because the new “Open Carry” law allows a person to carry a handgun in an open and noticeable fashion, it has drawn much more attention from the public and the press.