Warren J. Bernstein Spoke at PLI’s “Commercial Real Estate Financing 2010: How to Handle Defaults, Distress, Maturities, and Stacks of Debt” Seminar

Warren J. Bernstein, Co-Chair of the Real Estate Department, spoke at PLI’s seminar “Commercial Real Estate Financing 2010: How to Handle Defaults, Distress, Maturities, and Stacks of Debt” on March 4–5, 2010, in New York.  The seminar explored how new lower valuations, reduced cash flow, hints of governmentally sponsored salvation, and distress throughout the economy continue to affect commercial real estate borrowers and lenders, and the legal issues their counsel must handle.  The seminar examined categories of distress, and how borrowers and lenders might respond, and looked at techniques for resolving that distress, both consensual and nonconsensual.

Mr. Bernstein spoke on the topic of “Intercreditor Disputes and Strategies.” He covered the topics of common issues under intercreditor agreements, practicalities of notices to cure, mezzanine lender strategies, syndicated loan decision making procedures and issues, and exercising remedies under a syndicated loan.