This week’s Tweet Dump consists entirely of links to good client memos, so for now we’ll dump the Tweet Dump title and return to this feature’s kinder, gentler pre-Twitter title.
Sign of the Times: Weil Gotshal memo questions “blind” contract compliance, says look for opportunities for efficient breach.
Sign of the Times II: Alston & Bird memo on how to draft an effective forbearance agreement.
Goodwin’s thoughtful take on the flaws General Growth’s bankruptcy revealed in the CMBS bankruptcy remote structure, and what can be done differently if the securitization market ever returns.
Katten memo on interesting Delaware case: Does DGCL 142 allow a bylaw that gives stockholders the direct right to remove the CEO and other officers? Makes the SEC’s direct nomination proposal look tame by comparison.