Laura Wallerstein featured in FranchiseWire

August 17, 2022

News

Laura Wallerstein's move to McDonald Hopkins was featured on FranchiseWire in a August 12 article written by Haley Cafarella.

“I’m looking forward to personal growth as a practitioner and continuing to provide quality legal services to clients. As in most industries, relationships are of paramount importance, and I look forward to earning and maintaining the confidence placed in me by each client,” Wallerstein is quoated as saying.

To read the full article by Cafarella, visit the FranchiseWire website.

McDonald Hopkins announced Wallerstein joined the firm in a July 27 press release. Read "Experienced commercial real estate and franchise attorney Laura Wallerstein joins McDonald Hopkins" by clicking here.

This ruling reveals the limits to the rejection power of the Bankruptcy Code. While a bankrupt franchisee can use bankruptcy to unburden itself of future monetary liabilities due to a franchisor, such franchisee cannot completely rid itself of those bargained-for equitable remedies that are there to protect the integrity of the brand and the confidential, proprietary information that the franchise arrangement is designed to protect.

This decision only adds to to the growing circuit split on the application of the “hypothetical test” or the “actual test” in bankruptcy, and may lead a higher court to consider the issue. For franchisees in the Sixth Circuit who desire to reorganize in bankruptcy, however, this decision provides clarity about which test parties may use to determine if a contract could be assumed.

Laura Wallerstein featured in FranchiseWire

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