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An Update on Our Practice
April 30, 2025

We’re excited to share the news that our partner Holly Chamberlain has been named the Head of Cadwalader’s Real Estate Finance practice; and that our colleague Sulie Arias has been elected partner.

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Congratulations to the many Cadwalader clients and friends who have earned a place in the Commercial Observer’s 2025 Power Finance list.

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Senior Counsel | Real Estate
Law Clerk | Real Estate

In a recent decision by the Supreme Court of the State of New York in Kings County, HSBC Bank USA, N.A. initiated a mortgage foreclosure action against Jack and Sabah Srugo. HSBC moved for summary judgment, and the defendants cross-moved to dismiss, arguing that the action was barred by the statute of limitations.

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Senior Counsel | Real Estate
Special Counsel | Financial Restructuring
Associate | Real Estate

The recent decision In re 301 W N. Ave., LLC, 666 B.R. 583 (Bankr. N.D. Ill. 2025) represents a significant development at the intersection of corporate governance, commercial real estate, and bankruptcy law. At the core of this case was the enforceability of provisions requiring the independent manager’s consent prior to the borrower filing for bankruptcy. The ruling upheld the enforceability of these provisions, reinforcing the role of structured corporate governance mechanisms in protecting lenders from undesired bankruptcy filings.

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Key Contacts

 

Steven M. Herman
Senior Counsel
T. +1 212 504 6054
steven.herman@cwt.com

Fredric L. Altschuler
Senior Counsel
T. +1 212 504 6525
fredric.altschuler@cwt.com

Sulie Arias
Partner
T. +1 212 504 5791
sulie.arias@cwt.com

Holly Marcille Chamberlain
Partner
T. +1 704 348 5121
holly.chamberlain@cwt.com

Christopher J. Dickson
Partner
T. +1 704 348 5159
christopher.dickson@cwt.com

Alan W. Lawrence
Partner
T. +1 212 504 6332
alan.lawrence@cwt.com

Matthew Robertson
Partner
T. +1 704 348 5257
matthew.robertson@cwt.com

Kevin Sholette
Partner
T. +1 704 348 5311
kevin.sholette@cwt.com

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