We warmly welcome new partner Luke Thomas to our Corporate Practice Group. Luke has over 15 years of private practice experience handling both transactional and litigation matters, and joins us after serving as an Associate General Counsel at ASTEC Industries, a publicly traded, billion-dollar international heavy equipment manufacturer. In his new role, Luke is handling a wide range of transactional matters such as mergers and acquisitions, commercial real estate, banking and finance, commercial loans, commercial contracts, private equity, construction contracts and disputes, dealer agreements and disputes, land use and zoning, payment and performance bonds, and health care contracts. He routinely negotiates and drafts multimillion-dollar transactions and has extensive experience leading high-volume transactions.
Read the full announcement and learn more about Luke here.
The 1970s rock band The Eagles had a verse in their hit Hotel California: “You can check-out anytime you’d like, but you can never leave.”
While Amazon sellers do not face quite the same predicament envisioned by the Eagles, you may feel a bit like you’re trapped in your own “Hotel California” because selling your Amazon business is not a simple process.
Your Amazon Services Business Solutions Agreement (“Agreement”) mandates that “You may not assign this Agreement, by operation of law or otherwise, without our prior consent.” Amazon is well known for not granting consent, at least not with any sense of urgency. You are, however, permitted to assign your rights and responsibilities under the agreement to an Affiliate, (any other entity that is under common control with the Amazon Seller) so long as you remain liable for obligations that arise prior to the assignment.
But if your proposed buyer is not an Affiliate – and they rarely are – you could conclude that the Agreement leaves you without control of your destiny. Not so. Continue reading “Selling Your Amazon Business? Not So Fast!”
Bailey & Glasser, LLP is representing and collaborating with clients Riverstone Credit Partners and Summit Partners Credit Advisors as they launch R3 Renewables, a joint venture with Peabody to develop new solar energy projects in Illinois and Indiana. The joint venture will pursue the development of more than 3.3 GW of solar photovoltaic and 1.6 GW of battery storage capacity over the next five years.
R3 Renewables will be engaged in the development of six potential sites on large tracts of land on, or near, previous coal mining operations in Indiana and Illinois. The portfolio size and strategic site locations, each of which is in close proximity to grid injection points, offers the potential for the development of the largest solar and battery storage projects in those states.
“I am proud of the work that Bailey Glasser did to help bring this innovative partnership to fruition,” said Jonathan Deem, a partner with Bailey Glasser who worked on this matter. “Peabody, Riverstone and Summit should be commended for taking bold action on renewables. We believe this new joint venture is poised to make history helping to form a more sustainable and reliable energy future.”
In addition to Deem, the Bailey Glasser team consisted of partners Brian Glasser, Kevin Barrett, and Marc Weintraub as well as lawyers Lorren Patterson, Fangyu (Fiona) Ye, and Amy Rubin.
Bailey Glasser lawyers worked closely with a team of lawyers from Simpson Thacher & Bartlett LLP on the R3 Renewables transaction.