DGIM Law

According to , 's bankruptcy will take lawyers down a crypto rabbit hole.

Monique D. Hayes (), partner at , told Barron's that over the next few months, the priority will be identifying and securing FTX’s assets.

She stated that technical professionals will be needed given the bankruptcy petition’s claim that hackers siphoned off funds from FTX accounts before the filing.

Click the to read more.

Oreos make everything better, even Friday!

Today is national son and daughter day!

For DGIM Law's partner Dan Gielchinsky, his sons are the reason and inspiration behind his work, making him strive to always be a better lawyer and person.

"𝒜𝓂𝑒𝓇𝒾𝒸𝒶 𝓌𝒶𝓈 𝓃𝑜𝓉 𝒷𝓊𝒾𝓁𝓉 𝑜𝓃 𝒻𝑒𝒶𝓇. 𝒜𝓂𝑒𝓇𝒾𝒸𝒶 𝓌𝒶𝓈 𝒷𝓊𝒾𝓁𝓉 𝑜𝓃 𝒸𝑜𝓊𝓇𝒶𝑔𝑒, 𝑜𝓃 𝒾𝓂𝒶𝑔𝒾𝓃𝒶𝓉𝒾𝑜𝓃, 𝒶𝓃𝒹 𝒶𝓃 𝓊𝓃𝒷𝑒𝒶𝓉𝒶𝒷𝓁𝑒 𝒹𝑒𝓉𝑒𝓇𝓂𝒾𝓃𝒶𝓉𝒾𝑜𝓃 𝓉𝑜 𝒹𝑜 𝓉𝒽𝑒 𝒿𝑜𝒷 𝒶𝓉 𝒽𝒶𝓃𝒹."

- Harry S. Truman

As we head into a holiday weekend, we want to remind you that we work where you vacation!

Just steps away from our office is Hilton Aventura Miami, with its amenities and great atmosphere for a meeting. Our team happens to be on-site today ... big news coming!

This is how we do it at .

https://www.dgimlaw.com/

Amid rising interest rates, growing inflation, worker shortages and supply chain disruption, companies – and in turn individuals / employees – are feeling the pinch.

Regionally, as of May 2022, Chapter 11 bankruptcy case filings in the United States Bankruptcy Court Southern District of Florida nearly doubled year-over-year and also doubled from the prior month (April 2022).

We need to start talking about it -- and taking action by utilizing the legal process for restructuring debt for companies/partnerships, rather than putting our heads in the sand.

Click below to read about Chapter 11 on a national level from Financier Worldwide magazine

Creeping back: US bankruptcy filings on the up — Financier Worldwide Although remaining below last year’s numbers due largely to government support packages provided in response to the coronavirus (COVID-19) pandemic, bankruptcy filings in the US have started to increase over the first half of 2022. In February there were 26,985 new filings across all chapters, up ...

Amid the recent $1 Billion settlement of the Champlain Towers South collapse, DGIM Partner Daniel Gielchinsky shares his thoughts and predictions for the future of construction with The Real Deal Miami.

Gielchinsky expects that contractors and developers will opt to use less impactful construction methods. “We will see more and more developers go in the direction of the least impactful ways of excavating their foundation walls,” he said.

The settlement resulted in condo association insurance skyrocketing and could push construction insurance premiums even higher.

Read more below:

$1B Condo Collapse Settlement Could Raise Insurance Rates The Surfside collapse settlement reveals insurers’ role in major real estate calamities and is a harbinger of industry changes, including premium hikes.

to last week when DGIM Law partner Dan Gielchinsky attended The Bankruptcy Bar Association of The Southern District of Florida’s Annual Retreat with his sons – great event and pictures of the next generation of lawyers!

Established in February of 2020, the initial debt limit was set at $2.7M, but a month into the introduction of Subchapter V, the Covid-19 pandemic hit and as a result, the debt limit was increased to $7.5M. This enabled more small businesses (think Main Street vs Wall Street) to have access to this powerful tool that can help a company or individual restructure their finances.

Who would have thought in March 2020 that we’d still be in the ebb and flow of the repercussions from pandemic life? So, after the two-year increase in the debt limit expired in March 2022, it was determined that the small business community is still in need, and so today the debt limit was again increased to $7.5M.

For the business community, this means more access to a powerful tool that can make a restructuring more accessible and less expensive than a traditional chapter 11. This is another indicator that the economy is in a state of flux.

Practice Area Spotlight: Commercial Foreclosure

Defaulting on a mortgage can be difficult for all parties involved. We aggressively represent real estate owners, developers, landlords, lenders, and borrowers in foreclosure proceedings.

https://www.dgimlaw.com/practice-areas/commercial-litigation/ -foreclosure

Commercial Litigation - DGIM Law Practice areas Commercial Litigation We represent plaintiffs and defendants in a wide variety of high-stakes litigation, including partnership and shareholder disputes, contract breaches, and commercial real estate foreclosures.Corporate DivorceCreditors’ RightsCommercial ForeclosureContract Breac...

On , we remember the brave men and women who lost their lives protecting our country. We hope you join us in observing this important holiday and take a moment to appreciate everything we have in our lives.

In the latest of nearly two months of business fall-out due to Russia's war in , Google's Russian subsidiary will file for bankruptcy, according to a report from Reuters. Citing that the company can no longer maintain the branch, it reported earnings of $134.3 billion roubles (about $2.086 billion USD) in Russia in 2021 and employed over 100 workers.

According to a recent The Wall Street Journal story, "Most of Google’s Russian employees opted to leave the country and continue to work for Google outside Russia, with a large number ending up in , where Google has a big office."

Google Moves Employees Out of Russia The departure of employees comes as the Russian subsidiary prepares to declare bankruptcy, effectively ending the company’s commercial operations in the country.

We are constantly evolving - both as people and as a firm. Lifelong curiosity and a passion to continue learning are the ethos of our company. Exciting things are on the horizon.

https://www.dgimlaw.com/

With tech constantly evolving...is the next frontier of law?

Attorneys and firms are already using advanced technologies to complete high-volume data collection and administrative duties.

Experts predict will play a crucial role in streamlining contract review and analysis processes.

The advantages and disadvantages of AI in law firms Get to know the advantages and disadvantages of deploying AI and machine learning in law firms and what the future holds.

Sending a warm congratulations to the new leadership team over at the Hilton Aventura Miami.

We welcome German Villa, Director of Sales & Marketing and Marcos Flores, Executive Chef to the community.

One of the many perks of working at is enjoying all of the benefits this iconic hotel has to offer, just steps away from our office.

https://www.traveldailynews.com/post/hilton-aventura-miamis-recent-leadership-changes

Hilton Aventura Miami's recent leadership changes Hilton Aventura Miami has made recent leadership changes and is proud to announce a new Director of Sales and Executive Chef - as outlined below: German Villa, Director of Sales & Marketing at Hilton Aventura Miami Hilton Aventura Miami welcomes seasoned industry veteran German Villa as the new Dire...

New Alert! Inc. filed for bankruptcy protection, citing the company could not raise prices high enough to reflect rising supply and transportation costs.

The company's filing comes after months of searching for a buyer, pressuring lenders, and owing creditors $317.8 million.

https://www.bloomberg.com/news/articles/2022-05-09/armstrong-flooring-files-for-bankruptcy-blaming-rising-costs

Armstrong Flooring Files for Bankruptcy, Blaming Rising Costs Bloomberg Markets European Close Bloomberg Markets European Close. Live from New York and London, analyzing the major market moving stories across the day in Europe, hear from the biggest newsmakers and showcase the unrivaled expertise of Bloomberg News.

Is the about to burst? Despite a small dip, experts say not quite.

According to Jeff Tucker, a senior economist with Zillow, we are experiencing a correction rather than a crash. And not to fear, the tell tale signs are very different from 2008.

Tucker recently spoke to CNN noting that, "The typical US home is worth nearly 21% more than it was just a year ago, a record that’s been reset each of the past 12 months."

https://www.cnn.com/2022/05/09/perspectives/housing-market-cool/index.html

Opinion: The housing market is about to finally cool off After 14 straight months of year-over-year home price growth reaching into the double digits, we're finally starting to see the early signs of a cooling housing market.

This is how we feel about .

Here at , our digital infrastructure allows us to work from anywhere, while optimizing our team collaboration to best serve our clients.

https://news.bloomberglaw.com/bloomberg-law-analysis/analysis-lawyers-top-legal-tech-tools-and-biggest-blind-spots

Looking for the best, most reliable news sources for all things ?

Here are a few of our favorites:
1) The Wall Street Journal Pro Bankruptcy - https://www.wsj.com/pro/bankruptcy
2) CNBC Bankruptcy - https://www.cnbc.com/bankruptcy/
3) Bloomberg Law - Bankruptcy Law News - https://news.bloomberglaw.com/bankruptcy-law

WSJ Pro - Bankruptcy Dow Jones publishes exclusive news & insight on in-progress bankruptcies & companies headed for distress. Access news, court documents, filings, bond pricing & issuances & more from Daily Bankruptcy Review, DBR Small Cap & DBR High Yield.

We find solutions faster than Oracle Red Bull Racing on the 🏎️

Wishing everyone a safe and exciting !

📸: Red Bull

It is !

Aventura ParkSquare, which is nearby our office, is home to some of our favorite , including local shops, boutiques and restaurants.

Tag your favorite to show them some ♥️!

📸: ONE Sotheby's International Realty

About a month after its launch, shockingly pulled the plug on its streaming service - CNN+.

According to a recent article from , the platforms rapid demise is tied to corporate deal-making, leadership disagreement, unexpected resignations, and legal restrictions.

Nearly 350 employees will lose their jobs and remedies will involve intensive restructuring.

https://www.cnbc.com/2022/04/24/cnn-plus-what-went-wrong-why-it-was-canceled.html

What doomed CNN+? How rival strategies and executive intrigue fueled the streaming service's rapid demise CNN executives wanted CNN+ to compete with The New York Times. But an unusual series of events doomed the streaming service.

Isaac Marcushamer recently spoke with Daily Business Review about unconscious bias in the real estate and industries.

“As the founder of a small (for now) law firm during the pandemic, we have had to be creative in terms of showcasing our abilities to potential clients, including those in the construction industry. Many times, the unconscious bias results in the phone call or opportunity you never get."

Read the full story: https://www.law.com/dailybusinessreview/2022/04/14/the-phone-call-you-never-get-how-unconscious-bias-plays-out-for-small-and-minority-owned-businesses-in-real-estate/

'The Phone Call You Never Get': How Unconscious Bias Plays Out for Small and Minority-Owned Businesses in Real Estate | Daily Business Review “As the founder of a small (for now) law firm during the pandemic, we have had to be creative in terms of showcasing our abilities to potential clients, including those in the construction industry. Many times, the unconscious bias results in the phone call or opportunity you never get,” said Is...

As comes to a close, we want to encourage our clients, partners, family, and friends to make an impact.

This month, we are raising awareness and funds for Friendship Circle of Miami Beach & North Dade, an organization that holds a special place in Daniel Gielchinsky's heart.

"I am supporting Friendship Circle because Friendship Circle supports me and my family. The beautiful quality of Friendship Circle is that they provide an environment where both of my sons can develop friendships and have fun without distinction over which boy has special needs – because they are both valued and cared for by Friendship Circle’s fantastic staff and volunteers."

https://www.fcmiami.org/?fbclid=IwAR3p3Ox1Y3cgQgzYMxPHrUW1DBKWwD3BzU5jvlLBW4HJBXB2kvhlvstsUeI

It's no secret the is evolving -- and while other firms are adapting to change, we are creating change.

Here's our advice:
1) If it is not part of your core mission, subcontract it out to the experts.
2) Money is not the only motivating factor.
3) Culture is king AND queen.
4) Forget "out of the box" thinking - throw the box away.

We resonated with this recent article from The American Lawyer, showing how young bring insightful and fresh ideas. We hope you will join us in continuing to advance our profession.

https://www.law.com/americanlawyer/2022/03/29/young-lawyers-explain-how-law-firms-can-fix-their-culture/

Young Lawyers Explain How Law Firms Can Fix Their Culture | The American Lawyer For the legal industry, improving workplace conditions is not only possible but profitable, the Young Lawyer Editorial Board writes.

- Hear what Steven Amster, President of Kodsi Law Firm, had to say about working with 's Daniel Gielchinsky. We appreciate the kind words from our partners and network.

Check out all of our testimonials on our website: https://www.dgimlaw.com/

Cases to Watch & Updates:

1) - The company's expedited appeal has been approved
2) - A judge recently approved $734 million in financing fees
3) - Crystal Cruises LLC and two related entities, Crystal AirCruises, LLC and Crystal Holdings U.S., LLC will be liquidated
4) - Closing arguments have begun

https://www.reuters.com/legal/transactional/judge-allows-expedited-appeal-jjs-talc-bankruptcy-strategy-2022-03-30/