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Aspiring Lawyers - Interviews & Vacation Schemes
Commercial Awareness Discussion
confused to commercially aware! trying to develop my commercial awareness
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<blockquote data-quote="confusedlawstudent" data-source="post: 124854" data-attributes="member: 17277"><p>I've been listening to the Watson's Daily podcast almost everyday, and have been reading the ZipLaw newsletters. I feel like I'm understanding it all <em>slightly </em>more. So here is my shot at a recent story:</p><p></p><p>25/11/22</p><p>Earlier in November, Made.com went into administration because of supply chain issues and sharp decline in sales. Next has bought some of their IP, the domain name and brand name for only £3.4 million. Other assets were bought by other buyers to raise cash to pay secured creditors. The burden is on the consumers who don't receive their order or their money back - they will only get like 1.6% of their money back. </p><p></p><p>How does this impact law firms?</p><p>- Lawyers will have advised on the transfer of the IP.</p><p>- Lawyers for Next will have had to do due diligence before buying made.com's IP.</p><p>- Litigation lawyers will be dealing with claims from customers for their money back.</p><p>- Lawyers will be advising made.com on the restructuring.</p><p></p><p>Overall - there has been a decline in shares in online retailers recently. This will be good for law firms as they will be gaining from this when advising on restructuring and insolvency procedures.</p></blockquote><p></p>
[QUOTE="confusedlawstudent, post: 124854, member: 17277"] I've been listening to the Watson's Daily podcast almost everyday, and have been reading the ZipLaw newsletters. I feel like I'm understanding it all [I]slightly [/I]more. So here is my shot at a recent story: 25/11/22 Earlier in November, Made.com went into administration because of supply chain issues and sharp decline in sales. Next has bought some of their IP, the domain name and brand name for only £3.4 million. Other assets were bought by other buyers to raise cash to pay secured creditors. The burden is on the consumers who don't receive their order or their money back - they will only get like 1.6% of their money back. How does this impact law firms? - Lawyers will have advised on the transfer of the IP. - Lawyers for Next will have had to do due diligence before buying made.com's IP. - Litigation lawyers will be dealing with claims from customers for their money back. - Lawyers will be advising made.com on the restructuring. Overall - there has been a decline in shares in online retailers recently. This will be good for law firms as they will be gaining from this when advising on restructuring and insolvency procedures. [/QUOTE]
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Aspiring Lawyers - Interviews & Vacation Schemes
Commercial Awareness Discussion
confused to commercially aware! trying to develop my commercial awareness
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