In this Law360 article, Brad Miller and Margarita Patria discuss the advantages of using a well-designed online platform for bankruptcy auctions, which include better valuations and prices, lower information and transaction costs, and more confidence in a fair deal. Auctions in bankruptcy proceedings are in the relatively early stages of moving online. The authors explain how an online auction process designed specifically to meet the needs of stakeholders can be better than the traditional approach in bankruptcies.
Auction design could streamline TikTok's US asset sale
In August, President Donald Trump signed an executive order mandating that TikTok either: (1) sell its U.S. operations and transfer TikTok’s American user data...