Clark Hill Attorney Joel D. Applebaum Published in OESA NEWS, “Effectively Using Demands for Adequate Assurance of Performance”
BIRMINGHAM, MI – Joel D. Applebaum, a Member in Clark Hill’s Corporate Restructuring & Bankruptcy Practice Group, was recently published in the Original Equipment Suppliers Association (OESA) publication, OESA NEWS, 2019 First Quarter, Second Edition. The article, co-written with Sheldon Stone of Amherst Consulting, “Effectively Using Demands for Adequate Assurance of Performance,” discusses how leading economic indicators are placing stresses on manufacturing supply chains and how to recognize early warning signs that a supplier’s customer is or may be in financial trouble.
“Some of the less obvious signs include discovering that accounts receivable are being paid to a lockbox, that other suppliers have changed payment terms to cash on delivery or cash in advance, that your customer is under a forbearance agreement with its principal lender, and that your customer has retained crisis management/turnaround professionals.”
To read the full article, please click here.
OESA is a non-profit trade association that strives to foster collaboration throughout the supply chain and help members make critical business decisions. Through industry events, peer group councils, and research and analysis, OESA provides timely, relevant and unique information and resources to and for the automotive supplier industry.
Joel D. Applebaum is a Member in Clark Hill’s Birmingham office. Joel concentrates his practice in the areas of bankruptcy and corporate reorganization, creditors’ rights, commercial and bankruptcy litigation, and general commercial law. He has broad experience representing debtors, creditors’ committees, customers, trade vendors, purchasers of distressed assets, liquidating agents, and trustees, among other parties in interest, in Michigan, bankruptcy courts throughout the United States, and in all industries and business types.