When sales of assets take place under Section 365 of the bankruptcy code, interesting issues can arise. For example, how does one deal with unexpired leases on non-residential property? What about technology licensing issues? More importantly, what about the other intangible assets and intellectual property found during a sale in bankruptcy? In a 90-minute program for the 14th ABI 14th Annual Rocky Mountain Bankruptcy Conference, Weston Anson covered each of these areas with an emphasis on the intangible assets and IP portion. Case studies covered include:
- The recent sale of Tower Records and its real estate and intangible assets, including its databases, Internet retail sales platform, trademarks, licenses, and international franchises.
- The sale of the Collins & Aikman assets in both Europe and the United States, and the patents, technology, and trade secrets that were successfully sold.
- A company in liquidation at the time, Dan River Mills, which held both real estate and multiple elements of intellectual property ranging from copyrighted materials to multiple trademark licenses and proprietary manufacturing patents.