MIAMI, FL – December 09, 2020- Bast Amron partner Jeffrey Bast was Featured in Daily Business Review article, “How South Florida Attorneys Lifted 1st Movie Theater Out of COVID-19 Bankruptcy.” Bast Amron was local counsel with Quinn Emanuel Urquhart & Sullivan LLP to the debtors in the successful Chapter 11 bankruptcy case for Cinemex Holdings USA Inc. and affiliates.
“How could we pay rent on 41 locations where we’re not operating?” Bast said. “That required buy-in from the landlords that there was going to be a light at the end of the tunnel.”
“Nobody wanted to be out there in April or May of this year searching for somebody to come and operate a movie theater in their space. And most movie theaters are in shopping centers and malls, where movie theaters can be the anchor tenant,” Bast said. “This really created a unique environment of pressure on all sides because it was an unprecedented time of uncertainty. Nobody knew, and we still don’t know, exactly what this thing looks like on the other side.”
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