Represented shipyard and related affiliates in $20M-plus asset sale

The transaction included leasehold interests at multiple marine fabrication facilities across Louisiana, and substantially all of client’s machinery and equipment. The sale was subject to a working capital adjustment, under which buyer received at closing a dollar-for-dollar reduction for the assumption of certain net liabilities of seller, and settlement payments from sureties on certain ongoing fabrication projects that were assigned to buyer in the transaction. The sale also included handling unique employment law issues to ensure compliance with several federal and state specific laws.