MIAMI, FL – December 03, 2020- Bast Amron partner Jeffrey Bast was quoted in a Miami Herald Media Company article, “The Miami-based CMX movie theater survived bankruptcy. But can it survive the movie crisis?” 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.
“One of the many benefits of a Chapter 11 filing is the ability of the debtor to accept or reject contracts,” said Jeffrey P. Bast, founder and managing partner of the Miami-based BastAmron law firm, which specializes in insolvency litigation. “CMX could revisit the terms of all its locations. At the places where the terms were unfavorable or didn’t make economic sense to continue to operate there, we were able to reject the terms and vacate the property.”
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