| How far should an owner go to save a business?
A month after filing for Chapter 11, City Sports has begun liquidating all 26 of its stores. The best offer for the chain was made by business liquidator, Gordon Brothers. The agreement of sale ensures an orderly process that will take place during the stores’ normal business hours. Not every business closure goes as smoothly. Last week, the owner of a water park in New Hampshire chained himself to the top of a waterslide on his foreclosed property in the hope of raising enough cash to avoid a December 2 bank auction. Asterion’s professionals have decades of receivership and liquidation experienced. Whether the wind-up of a business is methodical or dramatic, working with Asterion’s experts in receivership and liquidation may make the process easier to endure. Who owns the moon? Now that NASA has begun recruiting astronauts again, perhaps one of them will need to be lawyer. Claims to ownership of all or parts of the moon and other parts of outer space have been made for more than two centuries. In 1967, the United Nations passed an Outer Space Treaty, but that hasn’t stopped multiple entrepreneurs from selling acres in space to investors playing a long game. In an effort to aid the growing commercial space industry, the United States Senate recently passed the U.S. Commercial Space Launch Competitiveness Act. If the act clears the House, the new law would establish the legality of mining asteroids for profit. If your property development concerns are earth-bound in nature, you may want to consult with Asterion. Put our staff’s experience in resolving real estate disputes to work for you. On the Lighter Side: The Spread of The Hunger Games Just as the blockbuster dystopian movie franchise comes to a close, The Hunger Games has begun taking root in the real world, from mentions in legal opinions to future amusement park attractions. Perhaps the odds were always in their favor.
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November 19, 2015