Financial Advisors and Investment Banking Committee

ABI Committee News

‘No’ Does Not Mean No - Just ‘Not Now’ - How Effective Vendor Management in Distressed Companies Can Improve Liquidity and Ensure Vendor Support

by Kyle Braden

AlixPartners LLP; Charlotte, N.C.

One of the most significant challenges in managing a company through a restructuring, whether in or outside of chapter 11, is ensuring that critical vendors continue to provide goods and services to the company. Attempts to maintain strong vendor relationships are often undertaken in the face of vendors’ fears of their own financial losses in the event of a bankruptcy filing and concerns of “throwing good money after bad.”

Read the full article.

The Perils of Sell-Side 363 Sale Engagements: Protecting Your Success Fee in Underwater Situations

by Stuart A. Laven, Jr.

Benesch Friedlander Coplan & Aronoff LLP; Cleveland

I am not an investment banker, so I’ve never had the benefit of really knowing what goes on in the head of one when deciding whether to take a particularly risky sell-side 363 sale engagement.  But I have been through a few of these situations as an observer (or an attorney for one party or another), and, over time, I’ve seen something of a theme emerge: investment bankers underestimating—or completely overlooking—the risk of forfeiting a success fee if the assets simply do not yield enough money at auction to satisfy the senior secured debt.

Read the full article.

Easily Explore ABI's Products With "Discover ABI"

Discover ABI offers a clean and easy to navigate site for members to learn how to use their membership. The site serves as a portal for our newest and most popular features, like the Interactive Code & Rules, the Blog Exchange, Volo and the Journal. Here you can read descriptions for many of our features and instantly launch to your desired page.

Click here to join your colleagues and "discover" ABI.

Update Your Profile to Make Yourself More Visible in the ABI

An important benefit of your membership is the ability to develop new contacts and raise your profile within the profession. The membership directory (http://www.abiworld.org/directory) is a valuable resource to that end. To make the most of your directory listing, be sure to fully fill out your membership profile at www.abiworld.org/profile. Here you can include your areas of expertise, firm information, education and more.

Click here to update your profile.

Interested in joining other ABI committees? Click here to view the ABI Committees page.

Volo Continues to Provide Up-to-the-Minute Circuit Court Case Summaries

Volo now has more than 180 circuit court case summaries, which represent the most recent appellate court decisions. Opinions are summarized and posted within 24 hours of publication and the database is searchable by circuit and keyword. Summaries also include a link to the full text of the opinion for your convenience. ABI members can also subscribe to an RSS feed or email alert to receive summaries as soon as the are posted. Check out the latest summaries from the 1st and 4th circuits and be the first to know with Volo!

Are you intersted in becoming a Volo Editor? Click here to sign up.

See What's New at the ABI Bookstore: "The Bankruptcy Court's Watchdog: Examiners Today"

ABI's newest publication, "The Bankruptcy Court's Watchdog: Examiners Today," written by John C. (Kit) Weitnauer, walks practitioners through the appointment of an examiner in a bankruptcy case, the examiner's responsibilities, the selection and appointment process, the requirements for the examiner's final report and the examiner's fee structure. This comprehensive manual is replete with case law, with several appendices that contain examples from actual cases.

Did you know that all of ABI's publications are written by experts in the field and are widely used by the bankruptcy bar and bench? You can own these same publications by visiting the online ABI Bookstore. The ABI Bookstore carries over 40 publications, offers several bundled packages for your convenience and includes free ground shipping!

Click here to order your copy today and have it shipped directly to your home or office!



© 2011 American Bankruptcy Institute, All Rights Reserved