The Firm Represented a Group of Claimants in the $600,000,000 Restructuring of SLS Las Vegas Resort & Casino
Oct 11, 2017
The Firm has recently represented a group of investors in a lender to the SLS Las Vegas Resort & Casino project as general counsel in connection with the proposed restructuring of loans to the project. The entire amount of claims involved in the restructuring transaction totals approximately $600,000,000 and the client group’s claims totals $199,000,000.
The client group consists of approximately 400 investors with pending EB-5 applications based on the project. The Firm will represent these investors in connection with negotiations and potential litigation relating to the restructuring process. Meanwhile, the immigration team of the Firm will also advise on the immigration issues brought by the restructuring for the investors.
The restructuring has great influence among the Chinese community due to the large number of Chinese EB-5 investors in the project. The Firm’s professionals’ profound understanding of the demands of clients, knowledge about the legal rules in bankruptcy and restructuring proceedings in the U.S. legal system, and extensive experience in handling complex transactions and high-profile cases, left the clients deep impression during the firm selection stage. The Firm will make every effort to serve the best interest of the clients as always.< Back