by Chris Tierney
Hays Financial Consulting; Atlanta
In this still-troubled economy, the majority of chapter 11 cases in the small- and mid-sized markets continue to lead straight into chapter 11 liquidation and/or 363 sales. In these cases, the court-appointed liquidating agent or trustee works to ensure that the interests of creditors, shareholders and employees are served according to the law in the most timely and efficient manner possible.
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On behalf of our distinguished faculty and Advisory Board, we are pleased to invite you to attend the 2011 New York City Bankruptcy Conference to be held Friday, May 6 at the Hilton New York. This day-long educational forum is designed to appeal to experienced professionals. The newly expanded workshop format – each of the 6 concurrent breakout sessions is presented twice, each time with different panelists offering two exclusive points-of-view of the same topic, allows for spirited exchange between panelist and attendee. The flexible repeating format allows you to customize your personal learning experience. Sample up to 4 concurrent sessions, or dig deeper into two concentrated subjects.
The primer course, "Bankruptcy Fundamentals: Nuts & Bolts for Young and New Practitioners," will be held on Thursday, May 6. Updated to include recent case law, an outstanding faculty of judges, academics and attorneys will explain the fundamentals of bankruptcy. Ramp up your young associates or expand the quiver of your new litigators with this one-day inclusive program.
All New York City Bankruptcy Conference attendees will receive a complimentary copy of Bankruptcy Business Acquisitions, Second Edition.
Click here for CLE/CPE information. Click here to register.
At the recently concluded Paskay Seminar on Bankruptcy Law and Practice, held earlier this month in Tampa, attendees were treated to a number of topical discussions including the latest on fraudulent transfers, director liability, the absolute priority rule and individual chapter 11 discharge. Follow the link below to review the materials from "Current Developments in Business and Consumer Cases." The session was moderated by Jeffrey W. Warren of Bosh Ross, PA in Tampa. The panel also included Jeffrey N. Rich of K&L Gates LLP in New York and the Hon. Michael G. Williamson of the U.S. Bankruptcy Court (M.D. Fla.) in Tampa.
Current Developments in Business and Consumer Cases
Last month at VALCON2011 in Las Vegas, there was a session of interest to the committee titled "Rights Offerings," which discussed detachable or transferable rights, the objections to rights offerings and advantages to rights offerings. The panel also offered a variety of charts and graphs as supporting material. James M. Lukenda of Huron Consulting Group in New York acted as the session's presiding officer, and the panel was moderated by Jane Lee Vris of Vinson & Elkins LLP in New York. The panel included William Q. Derrough of Moelis & Company in New York and Michael Genereux of The Blackstone Group in New York.
Rights Offerings
Also of interest to the committee was a session titled "Navigating Municipal Restructurings Roundtable: The New Frontier." The panel discussed eligibility requirements, the limited role of the U.S. Trustee, avoidable transfers and gave a wide variety of example cases with corresponding charts and graphs. James M. Lukenda of Huron Consulting Group in New York served as the session's presiding officer, and the panel was moderated by John Wm. (Jack) Butler, Jr. of Skadden, Arps, Slate, Meagher & Flom LLP in Chicago. The panel included William A. Brandt, Jr. of Development Specialists, Inc. in Chicago; Kenneth A. Buckfire of Miller Buckfire & Co., LLC in New York; Marc A. Levinson of Orrick, Herrington Sutcliffe LLP in Sacramento, Calif; and Perry M. Mandarino of PricewaterhouseCoopers LLP in New York.
Navigating Municipal Restructurings Roundtable: The New Frontier
At ABI's Bankruptcy Battleground West in Los Angeles earlier this month there was a session of interest to the committee titled "Municipal Upheaval in California: Is Chapter 9 the Solution?" The panel discussed rising pension costs, new actuarial assumptions, retiree medical issues and eligibility requirements for both chapters 9 and 11. The session was moderated by Shirley S. Cho of Pachulski Stang Ziehl & Jones LLP in Los Angeles. The panel included Hon. Peter H. Carroll, III of U.S. Bankruptcy Court (C.D. Cal.) in Riverside; Michael Hammond of Shattuck Hammond Partners in New York; Gary E. Klausner of Stutman, Treister & Glatt PC in Los Angeles; Marc A. Levinson of Orrick, Herrington & Sutcliffe LLP in Sacramento; and Charles Sakai of Renne Sloan Holtzman Sakai LLP in Sacramento.
Municipal Upheaval in California: Is Chapter 9 the Solution?
To view all previous conference materials and newsletters related to the Business Reorganization Committee, click here.
