Friday, March 4

8:00-9:00 a.m.

Breakfast and Registration

The Advisory Board welcomes you to a complimentary continental breakfast

9:00-9:15 a.m.

Welcome by Conference Leadership

9:15-10:30 a.m.

Municipal Upheaval in California: Is Chapter 9 the Solution?

California and its municipalities are facing unprecedented financial challenges and uncertainty in the municipal debt market. This panel will discuss the causes and dynamics of the current crisis, the outlook for municipalities and their constituents, and the use of chapter 9 by California municipalities to address these difficulties. The panel will include a brief structural overview of chapter 9.

Shirley S. Cho, Moderator

Pachulski Stang Ziehl & Jones LLP; Los Angeles

Hon. Peter H. Carroll, III

U.S. Bankruptcy Court (C.D. Cal.); Riverside

Gary E. Klausner

Stutman, Treister & Glatt PC; Los Angeles

Marc A. Levinson

Orrick, Herrington & Sutcliffe LLP; Sacramento

Michael Hammond

Shattuck Hammond Partners; New York

Charles Sakai

Renne Sloan Holtzman Sakai LLP; Sacramento

10:30-10:45 a.m.

Coffee Break

Sponsored by Klee, Tuchin, Bogdanoff & Stern LLP

10:45 a.m.-12:00 noon

The Reorganizing (and Unraveling) of Real Estate Enterprises

The latest wave of real estate insolvencies has rejuvenated a host of challenging issues and given birth to new problems for debtors seeking to reorganize their real estate enterprises, lenders seeking to realize upon their real estate collateral, trustees seeking to administer real estate assets, and creditors with competing lien positions seeking a larger piece of an ever-shrinking pie. The panel will address these developments and offer their views on the evolving legal landscape in this area.

Aleksandra Zimonjic, Moderator

Landau Gottfried & Berger LLP; Los Angeles

Dennis B. Arnold

Gibson, Dunn & Crutcher LLP; Los Angeles

J. Michael Issa

GlassRatner Advisory & Capital Group; Irvine

Bradley D. Sharp

Development Specialists, Inc.; Los Angeles

David B. Shemano

Peitzman, Weg & Kempinsky; Los Angeles

Hon. Laura Taylor

U.S. Bankruptcy Court (S.D. Cal.); San Diego

12:00-1:15 p.m.

Luncheon with Keynote Speaker Prof. Kenneth N. Klee, Economist at UCLA Law School

Sponsored by Crowe Horwath LLP, Greenberg Traurig LLP, GlassRatner Advisory & Capital Group LLC and Pachulski Stang Ziehl & Jones LLP

The keynote luncheon speaker will be Prof. Kenneth N. Klee, an economist at UCLA Law School who will share insights and experiences from his recent tenure as a court-appointed examiner in the chapter 11 cases of media giant Tribune and its subsidiaries. Prof. Klee and his team recently concluded an investigation and produced a 1,400-page report analyzing the $13 billion leveraged buyout that occurred just one year before the Tribune companies filed their chapter 11 cases.

1:30-2:45 p.m.

Confirming a Chapter 11 Plan: The Challenges, Pitfalls and Opportunities

This panel will explore the latest legal developments and trends in the area of chapter 11 plan confirmation, including issues dealing with valuation, cramdown interest rates, reinstatement and cure of debts, future/asbestos claims, gifting of distributions to subordinate classes, and non-debtor releases.

Alan Feld, Moderator

Sheppard Mullin Richter and Hampton; Los Angeles

Peter W. Lianides

Winthrop Couchot; Newport Beach

Ricardo Chance

KPMG Corporate Finance LLP; Irvine

David W. Levene

Levene, Neale, Bender, Yoo & Brill, LLP; Los Angeles

Michael P. Murphy

AlixPartners LLP; San Francisco

Hon. Erithe A. Smith

U.S. Bankruptcy Court (C.D. Cal.); Santa Ana

2:45-3:00 p.m.

Coffee Break

Sponsored by Epic Systems, Inc

3:00-4:15 p.m.

The Great Debate

Two of the West's leading practitioners in the field of business bankruptcy square off in an oral argument before a panel of distinguished U.S. bankruptcy judges.

Debators:

Cynthia M. Cohen

Paul, Hastings, Janofsky & Walker LLP; Los Angles

Richard M. Pachulski

Pachulski Stang Ziehl & Jones LLP; Los Angeles

Judicial Panel:

Hon. Barry Russell

U.S. Bankruptcy Court (C.D. Cal.); Los Angeles

Hon. Catherine E. Bauer

U.S. Bankruptcy Court (C.D. Cal.); Riverside

Hon. Richard M. Neiter

U.S. Bankruptcy Court (C.D. Cal.); Los Angeles

Hon. Sheri Bluebond

U.S. Bankruptcy Court (C.D. Cal.); Los Angeles

Moderators:

Lance Jurich

Loeb & Loeb LLP; Los Angeles

Matthew Gates

Duff & Phelps, LLC; Los Angeles

4:15-6:00 p.m.

Closing Reception

Sponsored by Landau, Gottfried & Berger LLP and Loeb & Loeb LLP

On-Site Registration Only