Monday May 7, 2007

7:30am

Registration Desk Open

8:00–8:30am

Continental Breakfast

8:30–9:45am

Concurrent Sessions (5)

Confidentiality in Bankruptcy

Implementation of §1102(b)(3) regarding access of creditors to information; consumer privacy issues in asset sales and case administration; HIPAA; joint interest agreements between and among constituents; and the scope of privilege.

• Moderator: Scott L. Hazan
  Otterbourg, Steindler, Houston & Rosen, PC; New York
• David I. Pauker
  Goldin Associates, LLC; New York
• Hon. Elizabeth S. Stong
  U.S. Bankruptcy Court, EDNY; Brooklyn
• Andrew M. Troop
  Weil, Gotshal & Manges LLP; Boston

Intersection between Bankruptcy and Securities Law

Disclosure issues; effect on committee and bank group composition and behavior; Section 510(b) and Sarbanes-Oxley recovery funds; forfeiture issues

• Moderator: Marc Abrams
  Willkie Farr & Gallagher LLP; New York
• Alistaire Bambach
  U.S. Securities and Exchange Commission; New York
• Hon. Stuart M. Bernstein
  U.S. Bankruptcy Court, SDNY; New York
• Daniel Kramer
  Paul, Weiss, Rifkind, Wharton & Garrison LLP; New York
• Jeffrey S. Sabin
  Schulte Roth & Zabel LLP; New York

Getting Even Who Sues Whom?

Standing and power of representatives of bankruptcy estates to sue insiders and third parties (STN and related cases, direct vs. derivative actions); in pari delicto, Wagoner, exceptions and exceptions to exceptions; practical considerations.

• Moderator: Jonathan L. Flaxer
  Golenbock, Eiseman, Assor, Bell & Peskoe LLP; New York
• Hon. Raymond T. Lyons
  U.S. Bankruptcy Court, DNJ; Trenton, N.J.
• Sanford P. Rosen
  Sanford P. Rosen, PC; New York
• Joseph Samet
  Baker & McKenzie LLP; New York

Intercreditor Issues in Restructurings of First-Lien/Second-Lien Debt

Intercreditor issues arising in restructurings and bankruptcies involving first-lien/second-lien debt, including a discussion of key provisions in intercreditor agreements, enforceability of waivers by second lien lenders, leverage and recovery prospects of first and second lien lenders, and lessons learned from recent chapter 11 cases.

• Moderator: My Chi To
  Debevoise & Plimpton LLP; New York
• William Q. Derrough
  Jefferies & Company; New York
• Hon. Robert D. Drain
  U.S. Bankruptcy Court, SDNY; New York
• Matthew A. Feldman
  Willkie Farr & Gallagher LLP; New York
• Peter S. Kaufman
  Gordian Group, LLC; New York

Developments in DIP Lending and Restructuring Finance

A discussion of the benefits to debtors and distressed borrowers in the form of more attractive terms created by the ever-broadening demand for restructuring credit product from hedge funds and other nonconventional lenders.

• Moderator: Thomas M. Canning
  JPMorgan Chase; New York
• Kenneth Buckfire
  Miller Buckfire & Co., LLC; New York
• Marc Kieselstein
  Kirkland & Ellis LLP; Chicago
• Hon. James M. Peck
  U.S. Bankruptcy Court, SDNY; New York

9:45–10:00am

Refreshment Break

10:00–11:15am

Repeat Concurrent Sessions (5)

Confidentiality in Bankruptcy
Intersection between Bankruptcy and Securities Law
Getting Even: Who Sues Whom?
Intercreditor Issues in Restructurings of First-Lien/Second-Lien Debt
Developments in DIP Lending and Restructuring Finance

11:15–11:30am

Refreshment Break

11:30am–12:30pm

Plenary Session Hudson Theatre

Judges’ Roundtable: Selected Current Topics

A moderated roundtable covering topics of current interest and concern to the bankruptcy community.

• Moderator: Hon. Robert E. Gerber
  U.S. Bankruptcy Court, SDNY
  Featuring bankruptcy judges from the SDNY, EDNY, WDNY, and the District of New Jersey.

12:30–1:30pm

Buffet Lunch

1:30 –2:30pm

Plenary Session-Hudson Theatre

Roundtable: Hedge Funds Have Changed the Chapter 11 Process. Is That Good or Bad?

Key players in the chapter 11 process discuss and debate the impact hedge funds have on the chapter 11 process.

• Moderator: Peter V. Pantaleo
  Simpson Thacher & Bartlett LLP; New York
• Jeffrey H. Aronson
  Centerbridge Partners, L.P.; New York
• Richard M. Cieri
  Kirkland & Ellis LLP; New York
• Stephen F. Cooper, CPA
  Kroll Zolfo Cooper, LLC; New York
• Mary Ellen Egbert
  JPMorgan Chase Bank; New York

2:30–3:45pm

Concurrent Sessions (5)

Chapter 15s Under BAPCPA

“Where in the World Is Carmen San Diego, Ltd.?” A hypothetical case study informed by the new chapter 15 and case law under it of a company that needs financial restructuring that is organized outside the United States, but with assets, securities and creditors both inside and outside the U.S. A review of the major strategic issues for such a case.

• Moderator: Lindsee P. Granfield
  Cleary, Gottlieb, Steen & Hamilton LLP; New York
• Hon. Arthur J. Gonzalez
  U.S. Bankruptcy Court, SDNY; New York
• Kurt A. Mayr
  Bingham McCutchen LLP; New York
• James E. Millstein
  Lazard Freres & Co. LLC; New York
• Karen E. Wagner
  Davis Polk & Wardwell; New York

Holding Co./Operating Company Ethical Issues in Large Chapter 11s

Reorganizations of debtors with complex capital structures raise issues of real or potential interdebtor conflicts arising out of intercompany transactions and possible avoidance actions; solvency (and insolvency) of different debtors at different levels in the corporate structure; substantive consolidation; and the need for debtor-by-debtor classification and voting. The panel will discuss these issues and their impact on professional ethics and fiduciary duties.

• Matthew Cantor
  Kirkland & Ellis LLP; New York
• Hon. Robert E. Gerber
  U.S. Bankruptcy Court, SDNY; New York
• Todd R. Snyder
  Rothschild, Inc.; New York
• Albert Togut
  Togut, Segal & Segal, LLP; New York

Buying Low, Selling High, and Getting Out of Dodge

363 sales vs. plans, loan-to-own, DIP to buy, prepacks and prearranged plans, deemed reorganizations and structured dismissals – time to revisit Lionel?

• Moderator: Ira L. Herman
  Thompson & Knight LLP; New York
• Hon. Stan Bernstein
  U.S. Bankruptcy Court, EDNY; Central Islip
• Saul E. Burian
  Houlihan Lokey Howard & Zukin; New York
• Marc Lasry
  Avenue Capital Group; New York
• Randy Lay
  Buccino & Associates, Inc.; New York

Management Compensation

Executive compensation, reconciling best practices with Section 503

• Moderator: Corinne Ball
  Jones Day; New York
• Hon. Carl L. Bucki
  U.S. Bankruptcy Court, WDNY; East Amherst, N.Y.
• Philip C. Dublin
  Akin Gump Strauss Hauer & Feld LLP; New York
• Jeffrey W. Levitan
  Proskauer Rose LLP; New York
• Margot Beth Schonholtz
  Kaye Scholer LLP; New York

Recent Developments in Bankruptcy Jurisdiction

Recent decisions affecting the bankruptcy court’s ability to hear and determine matters, including those that arise post-confirmation, in third-party actions, and as to which there is an arbitration agreement.

• Moderator: Alec P. Ostrow
  Stevens & Lee, PC; New York
• James L. Garrity, Jr.
  Shearman & Sterling LLP; New York
• Hon. Martin Glenn
  U.S. Bankruptcy Court, SDNY; New York
• Robin E. Keller
  Stroock & Stroock & Lavan LLP; New York

3:45–4:00pm

Refreshment Break

4:00–5:15pm

Repeat Concurrent Sessions (5)

Chapter 15s under BAPCPA
Holding Co.Operating Company Issues in Large Chapter 11s
Buying Low, Selling High, and Getting Out of Dodge
Management Compensation
Recent Developments in Bankruptcy Jurisdiction

5:15pm

Adjourn

6:00–8:00pm

VIP Reception for Speakers and Sponsors (invitation only)

at the Grand Central Oyster Bar
Sponsored by Donlin Recano & Company, Inc.