Committee Presentation at WLC
The Commercial and Regulatory Law Committee next presented a panel with the Emerging Industries & Technology Committee at ABI’s Winter Leadership Conference in December titled, “Who Has the Energy? Restructuring Trends in an Ever-Changing Industry.” Panelists Omar J. Alaniz (Reed Smith LLP; Dallas), Hon. David R. Jones (U.S. Bankruptcy Court (S.D. Tex.); Houston), Angela M. Libby (Davis Polk & Wardwell LLP; New York) and Kate Scherling (Quinn Emanuel Urquhart & Sullivan LLP; New York) discussed the latest trends in the wind, coal, and oil and gas industries that have dominated the headlines, with special emphasis on new regulatory issues and changes in the energy market.

This article discusses the policy framework first, then provides a brief overview of some of the most significant issues that arise from implementing the policy framework. The goal is to provide bankruptcy counsel who do not specialize in federal income tax a general understanding of why effective income tax planning is so important to corporations reorganizing in bankruptcy or out of court.

I’m a creature of habit, to be sure. It wouldn’t be the holidays without talking about a classic holiday movie: Frank Capra’s 1946 classic It’s a Wonderful Life. It’s the story of George Bailey, who inherits the Bailey Building & Loan Association founded by his father in the 1940s, and who forgoes his dreams of traveling the world to instead help the multicultural residents of fictional Bedford Falls, N.Y., realize the dream of home ownership.