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BA IN LAW360 “Bankrupt Movie Theater Pushes Bid For Rent Relief In Fla”

BA IN LAW360 “Bankrupt Movie Theater Pushes Bid For Rent Relief In Fla”

June 29, 2020 by Maylynn

June 29th, 2020 - Posted in In The News

MIAMI, FL- June 29, 2020- Movie theater operator Cinemex Holdings USA Inc. pushed back Monday in Florida bankruptcy court on some of its landlords’ objections to its bid for rent relief as it navigates the COVID-19 pandemic, saying there are factors beyond whether government authorities allow it to reopen.

During a videoconference hearing before U.S. Bankruptcy Judge Laurel Isicoff, Cinemex’s attorney, Patricia Tomasco, reported that the company has made progress in negotiations with the landlords for its 41 CMX Cinemas theaters to suspend or reduce their rent obligations as well as on language for a proposed order that would authorize it to obtain millions in post-petition financing to help cover rent and other expenses.

Subscription may be required to read article.

MIAMI, FL- June 29, 2020- Movie theater operator Cinemex Holdings USA Inc. pushed back Monday in Florida bankruptcy court on some of its landlords’ objections to its bid for rent relief as it navigates the COVID-19 pandemic, saying there are factors beyond whether government authorities allow it to reopen.

During a videoconference hearing before U.S. Bankruptcy Judge Laurel Isicoff, Cinemex’s attorney, Patricia Tomasco, reported that the company has made progress in negotiations with the landlords for its 41 CMX Cinemas theaters to suspend or reduce their rent obligations as well as on language for a proposed order that would authorize it to obtain millions in post-petition financing to help cover rent and other expenses.

Subscription may be required to read article.

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Maylynn Menoud  | Marketing Director
T: (305) 379-7904 | D: (305) 357-4794
mmenoud@bastamron.com

BAST AMRON is a boutique law firm focused on business insolvency and litigation. Our insolvency practice emphasizes workouts, restructurings, liquidations, bankruptcy, and bankruptcy avoidance. We represent debtors, creditors, committees, trustees, and other fiduciaries in bankruptcies, receiverships, and assignments for the benefit of creditors. Our litigation practice is primarily plaintiff oriented. We know how to investigate, formulate and prosecute claims arising from business disputes. By combining our business insolvency knowledge with our extensive courtroom experience, we successfully guide our clients through all aspects and types of commercial litigation in state and federal courts across the country. Whether the issue is litigation or insolvency or both, we view our clients’ needs through a holistic lens to formulate and implement dynamic solutions to their most important challenges.

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