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Weekly Summary
August 20, 2021
Meet Our Highlighted Annual Sponsor
For more than 160 years, Winston & Strawn LLP has served as a trusted adviser and advocate for clients across virtually every industry. In that time, through careful growth and thoughtful fiscal management, we have built a law practice with tremendous breadth and a global reach. We are proud of the many accolades we have received over the years—a tribute to our lawyers’ creativity, flexibility, depth of experience, and commitment. The most meaningful accolade to us, though, is the continued trust and confidence of our clients.

The above is an excerpt from our Sponsor's website. Learn more about Winston & Strawn LLP a TMA NYC Gold Sponsor.
Call for TMA NYC 2022 Board Nominations
As the summer fades, TMA NYC is moving forward with its 2022 Nominations process for board and leadership positions, and we encourage our members to consider joining our leadership team. The form can be used to nominate yourself or others.
Submission deadline is September 10th.
Have you read the Turnaround Report?
Read TMA NYC's semi-annual newsletter that promotes members’ achievements and provides educational and newsworthy content to the membership and the restructuring industry at-large.
TMA NYC Past Event Photos
TMA NYC Upcoming Events
NextGen Virtual Greeting Card
Charity Event
Thursday, September 23, 2021
4:30 PM - 5:30 PM EST
TMA NYC Annual Golf & Tennis Outing
at Canoe Brook Country Club in Summit, New Jersey
Monday, September 27, 2021
11:00 AM - 7:00 PM EST
COVID-19 Update
We continue to monitor the COVID-19 situation, remain vigilant and strictly adhere to all recommended cautionary measures, protocols and guidelines from various health organizations and local authorities, in an effort to provide our guests with as safe and healthy an environment as possible. Your health and well-being is our top priority. Please note that all activities will be compliant with the stricter of any local (NYC), state (NY/NJ), venue, or CDC requirements. Personal protective equipment ("PPE") will be available on-site and social distance guidelines will be in place as set by the venue. Attendees will be asked to sign a COVID-19 Assumption of Risk and Release from Liability Agreement.

As of now, we expect attendees will continue to socially distance and wear masks. Alongside NYC and many of our member organizations/employers, we will also require proof of vaccination for all attendees at in-person events. When unable to socially distance, we will also require the wearing of PPE. Any person who registered for the event and is unable to show proof of vaccination at check in or refuses to wear PPE may be refused admission to the event or asked to leave.
We reserve the right to change or supplement this requirement in light of the changing nature of the pandemic. We will continue to make operational changes and consider additional precautionary measures, as necessary. These will continue to be communicated leading up to the event.
Event of Interest
Did you know that TMA NYC is now offering CPE credits for all of their programs? The New York Institute of Credit is supporting our programming efforts by providing the CPE! Get your CPE now!
Turnaround Time
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Member Benefits
At TMA Learning Link™, you can find content and information on topics important to our community in the turnaround, restructuring, and corporate renewal industry. Access to these resources is included with your TMA membership and is available 24/7. We're continuing to add new content daily, so make sure you stop by often!

On last week's edition of CEO Speaks, listen to the many events from sea to shining sea and across the pond that keep us motivated, innovative, and inspired.

Read the News
By Carl Marks Advisors, TMA NYC Silver Sponsor
NEW YORK, August 11, 2021 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, has served as the exclusive financial advisor to WE Transport, a provider of outsourced transportation services to the special needs and general education communities, in its sale to Beacon Mobility.

By Mourant,TMA NYC Silver Sponsor
In a judgment delivered on 9 August 2021, the Judicial Committee of the Privy Council has clarified the operation of the rule in Prudential, addressing the nature of the rule, the time at which it should be applied and the scope of the claims caught by the rule. These matters were not fully addressed by the United Kingdom Supreme Court in its decision in Sevilleja v Marex Financial Ltd [2020] UKSC 31 last year.
Journal of Corporate Renewal
By David Manson, Partner & Philip Povey, Senior Associate, DLA Piper
A week is often described as a long time in politics, and so also, it seems, in the restructuring market. In May, one week alone saw significant strides forward with:
  1. The judgment of Mr Justice Snowden in Virgin Active—the first contested showdown of the new Restructuring Plan, pitting the power of cross-class cram down by the plan companies against dissenting landlords/creditors

By Ashok Kumar, Director, BlackOak LLC & Richard Woodworth, Partner, and Roberta Cheung, Senior Associate, Allen & Overy
In the wake of the novel coronavirus (COVID-19), there has been significant disruption to the global economy. With lockdowns implemented, demand for goods and services has dropped drastically, and production and provision of services have slowed. Social distancing measures and travel restrictions put in place to contain the spread of the virus have caused serious disruptions to economic activities.
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THANK YOU TO OUR 2021 SPONSORS
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