Thursday, June 11, 2020
Jones, an attorney for Dechert LLP recently wrote an article about his experience re-encountering the Liquidating Trust. In the colorful article, Jones describes the first time he ever "met" the Liquidating Trust and how he was not open to it in the beginning but gave it another shot after the Great Recession arrived.
Jones explains that after the Recession, he needed a "friend." Jones goes into depth about how the Liquidating Trust became enormously attractive between the years of 2010–2013. Jones discusses how the Trust provided liquidity when there was otherwise little available and facilitated the transfer of unloved assets from unloving new investors.
Jones explains that now is the time to become reacquainted with the his "old friend" due to the unpredictable course of the pandemic.
For the remainder of the article, Jones attempts to acquaint the reader with the Liquidated Trust, in which he discusses what exactly a liquidated trust is, how it is structured, and why you might need to befriend such a trust.
See Richard Jones, A Walk Down Memory Lane with the Liquidating Trust, LexBlog, June 7. 2020.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.