News 09 Apr. 2024
Curtis Announces New Partners and Counsels Across Offices in Spring 2024
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News 25 Jan. 2024
Counsel Mohannad A. El Murtadi Suleiman Addresses “Africanization” of International Investment Law
Event 18 Aug. 2023
Partner Borzu Sabahi Speaks at FDI Moot Shenzhen
News 25 Jul. 2023
Partner Eric Gilioli Ranked in Top 10 Influential Energy & Natural Resources Lawyers in Kazakhstan in Business Today
Client Alert 28 Dec. 2023
U.S. to Impose Secondary Sanctions on Non-U.S. Banks For Financing Russia’s Defense Industry
Event 22 Aug. 2023
Partner Dr. Claudia Frutos-Peterson to Speak at Arbitration and ADR Commission of the ICC Mexico
Event 11 Jul. 2023
Partner Elisa Botero Speaks on the Role of the ICC in Investment Disputes
News 15 Aug. 2023
Legal Reader Publishes Article on Dr. Majed Alotaibi’s Arrival as Senior Counsel in Curtis’ Riyadh Office
News 31 Jul. 2023
Curtis Welcomes Senior Saudi Advisor, Dr. Majed Alotaibi, to its Riyadh Office
News 24 Aug. 2023
Curtis Attorneys Quoted in CoinDesk on FTX Founder Sam Bankman-Fried’s Strategy Ahead of His Criminal Trial
Client Alert 26 Jun. 2024
The EU Adopts its 14th Sanctions Package Against Russia
Client Alert 20 Jun. 2024
New Secondary Sanctions Heighten Risks for Foreign Financial Institutions, IT-Related Service Prohibitions, and Export Restrictions
client alert
Supreme Court Overturns Chevron Deference, Potentially Limiting Deference Granted to OFAC in Sanctions Enforcement
news
Anna Kozmenko Appointed to the ICC International Court of Arbitration
News 30 Sep. 2022
In November 2022, partner Jason Wright will be awarded the Small Company Turnaround/Transaction Award at the Turnaround Management Association (TMA)’s annual Turnaround and Transaction of the Year Awards.
He will be recognized for his work on a team that represented both Klausner Lumber One, LLC (“KL1”) and Klausner Lumber Two LLC (“KL2”) in bankruptcy proceedings that included Charles Reardon, Robert Prusak, and Mike Freeman from Asgaard Capital, LLC, who served as chief restructuring officers.
The team retained Jason as a court-approved expert on the EB-5 Immigrant Investor Program in the bankruptcy proceedings for both KL1 and KL2, which were European-owned and managed start-of-the-art timber sawmills in Florida and North Carolina that were abandoned during the COVID-19 pandemic (see In re Klausner Lumber One, LLC, Case No. 20-11033 (Bankr. Del.); In re Klausner Lumber Two, LLC, Case No. 20-11518 (Bankr. Del.).
Jason, who has extensive EB-5 litigation experience, advised KL1 and KL2’s chief restructuring officers from Asgaard Capital and bankruptcy counsel to ensure that the largest creditors in the cases (~250 EB-5 immigrant investors) retained their entitlement to immigration benefits under the EB-5 Program. Curtis’ contributions and assistance to Asgaard Capital and the team led to phenomenal sale prices of approximately $61 million for KL1 and $83.5 million for KL2 and a structuring that protected the EB-5 investors’ continuing entitlement to immigration benefits despite the bankruptcies. The bankruptcy court, which qualified Jason Wright as an expert witness on the EB-5 Program, commended him on his efforts in educating the court on the EB-5 Program.
The TMA’s annual award ceremony honors excellence on the most successful turnarounds and impactful transactions in the turnaround and restructuring industry, and winners are chosen through a rigorous peer-review process.
Immigration
Jason D. Wright
Partner
New York
+1 212 696 6000
Washington, D.C.
+1 202 452 7373
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