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Sales of Over-Encumbered Property under Section 363(f)(3)


Wednesday, May 26, 2021
Even prior to the COVID-19 pandemic, most retail bankruptcy cases involved at least some effort to maximize value by selling real estate holdings. The Bon Ton Stores, Forever 21, Sears, and Toys ‘R’ Us cases, among others, are perfect examples. These cases have, for the most part, achieved such sales under section 363(f) of the Bankruptcy Code with minimal resistance, typically on expedited time-frames. The lingering impact of the pandemic will likely continue to cause more distress to retail real estate owners who have seen dwindling revenues as a result of shut downs, capacity restrictions as well as government-mandated rent deferrals. Indeed retail real estate has been one of the hardest hit markets by the COVID pandemic.  This unprecedented revenue depletion will undoubtedly pose new and significant challenges to debtors seeking approval of real property sales free and clear of liens under section 363(f); decreased revenues often corr ....

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Maryland Court of Appeals Rejects First Amendment Challenge to Local Tax on Outdoor Advertising Services | Pillsbury - SeeSalt Blog


On February 15, 2021, the Maryland Court of Appeals issued a decision in
Clear Channel Outdoor, Inc. v. Director, Department of Finance of Baltimore City, Case No. 24-C-18-001778 (Md. 2021), upholding the constitutionality of a local ordinance that imposes an annual excise tax on businesses selling advertising space on off-site billboards.  The tax in question applies only to businesses own or control off-site billboards in the City of Baltimore i.e., billboards that are
not located on the premises where the goods or services being advertised are offered for sale.   
Clear Channel Outdoor, Inc. (Clear Channel) initiated a refund action in Maryland Tax Court on the grounds that the ordinance impermissibly regulated commercial speech in violation of the First Amendment and the Maryland Declaration of Rights Article 40.  Clear Channel argued that the tax is subject to heightened scrutiny under the U.S. and Maryland constitutions because it implicates freedom of spee ....

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Global AI in Out-of-Home (OOH) Advertising Market 2021: Adonmo Private Limited, Allgemeine Plakatgesellschaft AG, Ayudax, BellMedia – KSU


Data Analysis
For the forecast period 2021-2028, the AI in Out-of-Home (OOH) Advertising Market growth among segments give correct calculations and forecasts for sales by kind and by Application in terms of volume and worth. This analysis will assist you expand your business by targeting qualified niche markets. Regional analysis is another extremely comprehensive a part of the analysis and analysis study of the world AI in Out-of-Home (OOH) Advertising market given within the report. This section sheds light-weight on the sales growth of various regional and country-level AI in Out-of-Home (OOH) Advertising markets. For the historical and forecast amount 2021 to 2028, it provides elaborate and correct country-wise volume analysis and region-wise market size analysis of the world AI in Out-of-Home (OOH) Advertising market. ....

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