ABI

Thursday, May 16, 2013

7:30 a.m.

Registration Desk Open

8:00-8:30 a.m.

Continental Breakfast

Sponsored by Skadden, Arps, Slate, Meagher & Flom LLP

8:30-8:45 a.m.

Conference Chairs’ Welcome

Hon. Robert D. Drain, Judicial Chair

U.S. Bankruptcy Court (S.D.N.Y.); White Plains

Lisa G. Beckerman, Co-Chair

Akin Gump Strauss Hauer & Feld LLP

David Pauker, Co-Chair

Goldin Associates, LLC

8:45-9:45 a.m.

Plenary Session

Judges’ Roundtable: Selected Current Topics

A moderated roundtable featuring the judges of the Southern and Eastern Districts of New York

Hon. Robert D. Drain, Moderator

U.S. Bankruptcy Court (S.D.N.Y.); White Plains

9:45-10:00 a.m.

Refreshment Break

Sponsored by Kaye Scholer LLP

10:00-11:15 a.m.

Concurrent Sessions (6)

Trademark and Patent Licenses in Bankruptcy

Rejection of perpetual licenses (Lewis v. Interstate Brands); use, sale and assignability (Sunbeam; Qimonda; Lubrizol); valuation metrics for trademarks and patents

Martin J. Bienenstock, Moderator

Proskauer Rose LLP

Lisa Schweitzer

Cleary, Gottlieb, Steen & Hamilton LLP

Timothy Graulich

Davis Polk & Wardwell LLP

Hon. Sean Lane

U.S. Bankruptcy Court (S.D.N.Y.)

Labor Issues in Bankruptcy

Section 1113 relief for terminated labor agreements (American Airlines; Hostess), severance benefits; treatment of claims resulting from rejection of labor/benefits agreements vs. renegotiation of labor/benefits agreements; multi-employer pension plan issues (Is there a coming abyss?) (Hostess, Marcal); § 1114 Issues (Visteon, etc.); role of unions on committees; labor issues in § 363 sales; interplay of § 1113 and general strike/employment law (including strike after court-approved imposition of terms)

Ray C. Schrock, Moderator

Kirkland & Ellis LLP

Hon. Robert D. Drain

U.S. Bankruptcy Court (S.D.N.Y.); White Plains

Scott L. Hazan

Otterbourg, Steindler, Houston & Rosen, PC

Flip Huffard

The Blackstone Group

Law Firm Bankruptcies

Managing law firm failure pre-bankruptcy; partner clawback claims and settlements; fair value and other partner defenses; unfinished-business doctrine (Jewel v. Boxer); partner duties to clients, including treatment of client files; WARN Act issues

Albert Togut, Moderator

Togut, Segal & Segal, LLP

Joseph Samet

Baker & McKenzie LLP

Hon. Elizabeth S. Stong

U.S. Bankruptcy Court (E.D.N.Y.); Brooklyn

Edward S. Weisfelner

Brown Rudnick LLP

Dealing with the Public: A Modern Dilemma

How to manage the public side of a chapter 11 case, dealing with customers, vendors, employees, union members, press, shareholders, etc.; use of websites and public relations firms; FAQs; comfort orders and confidentiality restrictions

Brett H. Miller, Moderator

Morrison & Foerster LLP

Hon. Shelley C. Chapman

U.S. Bankruptcy Court (S.D.N.Y.)

Paul M. Goldschmid

King Street Capital Management

Gary T. Holtzer

Weil Gotshal & Manges LLP

Complex Cross-Border Bankruptcy Issues (Chapter 15)

How does a U.S. court deal with allegations that a foreign proceeding or judicial system is flawed or corrupt?; dealing with “corporate groups”; the continuing saga of Nortel, Vitro and Elpida; cooperation and enforcement of judgments

Alan W. Kornberg, Moderator

Paul Weiss Rifkind Wharton & Garrison LLP

Hon. Martin Glenn

U.S. Bankruptcy Court (S.D.N.Y.)

Gary L. Kaplan

Fried, Frank, Harris, Shriver & Jacobson LLP

Madlyn Gleich Primoff

Kaye Scholer LLP

Comparison of U.S. vs. European Distressed Debt Market and Restructuring Environment

Legal and cultural investor considerations in specific European jurisdictions (e.g., U.K., Germany and Spain); how the option of U.S. chapter 11 influences investor outcomes; update on the status of bankruptcy reforms in European jurisdictions; multi-jurisdictional issues within European restructurings; how the distressed market functions and impacts restructurings (liquidity, transparency, etc.)

Lisa Beckerman, Moderator

Akin Gump Strauss Hauer & Feld LLP

Marc A. Broude

Latham & Watkins LLP

Daniel B. Kamensky

Paulson & Co. Inc.

Ben Pickering

Ernst & Young

11:15-11:30 a.m.

Refreshment Break

11:30 a.m.-12:45 p.m.

Repeat Concurrent Sessions (6)

Trademark and Patent Licenses in Bankruptcy

Rejection of perpetual licenses (Lewis v. Interstate Brands); use, sale and assignability (Sunbeam; Qimonda; Lubrizol); valuation metrics for trademarks and patents

Martin J. Bienenstock, Moderator

Proskauer Rose LLP

Evan C. Hollander

Arnold & Porter LLP

Hon. Sean Lane

U.S. Bankruptcy Court (S.D.N.Y.)

Daniel A. Lowenthal

Patterson, Belknap, Webb, Tyler LLP

Labor Issues in Bankruptcy

Section 1113 relief for terminated labor agreements (American Airlines; Hostess), severance benefits; treatment of claims resulting from rejection of labor/benefits agreements vs. renegotiation of labor/benefits agreements; multi-employer pension plan issues (Is there a coming abyss?) (Hostess, Marcal); § 1114 Issues (Visteon, etc.); role of unions on committees; labor issues in § 363 sales; interplay of § 1113 and general strike/employment law (including strike after court-approved imposition of terms)

Ray C. Schrock, Moderator

Kirkland & Ellis LLP

Hon. Robert D. Drain, Moderator

U.S. Bankruptcy Court (S.D.N.Y.); White Plains

David Hilty

Houlihan Lokey

Jeffrey S. Sabin

Bingham McCutchen LLP

Law Firm Bankruptcies

Managing law firm failure pre-bankruptcy; partner clawback claims and settlements; fair value and other partner defenses; unfinished-business doctrine (Jewel v. Boxer); partner duties to clients, including treatment of client files; WARN Act issues

Albert Togut, Moderator

Togut, Segal & Segal, LLP

James M. Lukenda

Huron Consulting Group

Alec P. Ostrow

Becker, Glynn, Muffly, Chassin & Hosinski LLP

Hon. Elizabeth S. Stong

U.S. Bankruptcy Court (E.D.N.Y.); Brooklyn

Dealing with the Public: A Modern Dilemma

How to manage the public side of a chapter 11 case, dealing with customers, vendors, employees, union members, press, shareholders, etc.; use of websites and public relations firms; FAQs; comfort orders and confidentiality restrictions

Brett H. Miller, Moderator

Morrison & Foerster LLP

Hon. Shelley C. Chapman

U.S. Bankruptcy Court (S.D.N.Y.)

William H. Henrich

Getzler Henrich & Associates LLC

Albert H. Kass

Kurtzman Carson Consultants LLC

Complex Cross-Border Bankruptcy Issues (Chapter 15)

How does a U.S. court deal with allegations that a foreign proceeding or judicial system is flawed or corrupt?; dealing with “corporate groups”; the continuing saga of Nortel, Vitro and Elpida; cooperation and enforcement of judgments

Alan W. Kornberg, Moderator

Paul Weiss Rifkind Wharton & Garrison LLP

Kenneth A. Buckfire

Miller Buckfire & Co., LLC

Hon. Martin Glenn

U.S. Bankruptcy Court (S.D.N.Y.)

Glenn E. Siegel

Dechert LLP

Comparison of U.S. vs. European Distressed Debt Market and Restructuring Environment

Legal and cultural investor considerations in specific European jurisdictions (e.g., U.K., Germany and Spain); how the option of U.S. chapter 11 influences investor outcomes; update on the status of bankruptcy reforms in European jurisdictions; multi-jurisdictional issues within European restructurings; how the distressed market functions and impacts restructurings (liquidity, transparency, etc.)

Lisa Beckerman, Moderator

Akin Gump Strauss Hauer & Feld LLP

Marc A. Broude

Latham & Watkins LLP

Rick Morris

Goldman Sachs & Co.

Wilbur L. Ross, Jr.

WL Ross & Co. LLC

12:45-1:45 p.m.

Buffet Lunch

Sponsored by BMC Group

1:45-2:45 p.m.

Plenary Session: The Commission to Study the Reform of Chapter 11: What We've Learned So Far and the Road Ahead

Much has changed in the world of corporate restructuring since the Bankruptcy Code was passed in 1978. ABI's review commission has been operating since last April, gathering information about whether and how corporate bankruptcy law could be reformed to make the process more effective and result in greater maximization of values for all stakeholders. Hear about the process, and the policies under review, from the Commission co-chair and three others from the 20-member Commission.

Robert J. Keach, Moderator

Bernstein Shur; Portland, Maine

Arthur J. Gonzalez

New York University School of Law

Richard B. Levin

Cravath, Swaine & Moore LLP

Sheila T. Smith

Deloitte CRG; Boston

Albert Togut

Togut, Segal & Segal LLP

2:45-4:00 p.m.

Concurrent Sessions (6)

Bankruptcy Litigation Panel

Fraudulent conveyance post-TOUSA; direct/indirect benefit; § 550(d); update on in pari delicto; clearing firm as initial transferee in Ponzi scheme (Goldman Sachs v. Bayou); update on case law (e.g., Stern v. Marshall and Madoff); pre-emption (TOUSA, Tribune, Lyondell); safe harbors; insurance issues (sequencing of claims in litigation, policy exclusions, DIP/committee same as pre-petition insured?); venue (Patriot, HMH)

Peter V. Pantaleo, Moderator

Simpson Thacher & Bartlett LLP

Hon. Carla E. Craig

U.S. Bankruptcy Court (E.D.N.Y.); Brooklyn

Kenneth Pasquale

Stroock & Stroock & Lavan LLP

Ken Ziman

Skadden, Arps, Slate, Meagher & Flom LLP

Recent Issues in Plan Confirmation

Equitable mootness, releases, resuscitation of discharged claims, etc. (Owens Corning); § 1129(a)(10) in multi-debtor nonconsolidated cases (Charter, Tribune); treatment of make-whole provisions in a plan (Chemtura); facial nonconfirmability; vote designation; post-filing lock-up agreements

Bruce R. Zirinsky, Moderator

Greenberg Traurig LLP

Hon. Stuart M. Bernstein

U.S. Bankruptcy Court (S.D.N.Y.)

Sanford P. Rosen

Rosen & Associates, P.C.

Brian Trust

Mayer Brown LLP

Valuation Panel: What’s Missing in the Valuation?

Past valuation panels have focused on the three traditional methods for determining the enterprise value of an operating business: DCF, comparable company and comparable transaction. This panel will focus on sources of value or reductions in value that are sometimes disregarded, such as excess cash and working capital, underutilized real estate and hard assets, claims and other contingent assets, insurance claims, intellectual property portfolios, discontinued businesses and NOLs. Normalizing adjustments are also discussed, including those related to above-market compensation, insider contracts, and underinvestment in capital plan and brand equity

David Pauker, Moderator

Goldin Associates, LLC

David M. Hillman

Schulte Roth & Zabel LLP

Zul Jamal

Moelis & Co.

Hon. Christopher S. Sontchi

U.S. Bankruptcy Court (D. Del.); Wilmington

Who’s Running the Company?

Selection of CRO and establishment of a scope and chain of command; role of CRO and other officers in intercompany disputes in multi-debtor cases; negotiating pre- and post-confirmation equity/incentives for officers and directors; selecting a post-confirmation board of directors; issues and actions constituting “cause” for appointment of trustee or examiner motion; appointment and role of examiner in recent cases (Rescap, Dewey, Dynegy)

Thomas Moers Mayer, Moderator

Kramer Levin Naftalis & Frankel LLP

Hon. Kevin Gross

U.S. Bankruptcy Court (D. Del.); Wilmington

Paul D. Leake

Jones Day

J. Scott Victor

SSG Capitol Advisors, LLC

Issues in Energy Restructurings

Discussion of trends and forecasts in energy industry; introduction to the fundamentals of oil and gas investing and relevant legal/business issues

Dennis F. Dunne, Moderator

Milbank, Tweed, Hadley & McCloy LLP

Matthew Cantor

Lehman Brothers Holdings Inc.

Lisa J. Donahue

AlixPartners LLP

Hon. Robert E. Gerber

U.S. Bankruptcy Court (S.D.N.Y.)

Bankruptcy Litigation and Ethical Lines: Selected Topics

Group Privileges”: What are the limits of the attorney-client and work-product privileges that can be asserted by official committees and their members? Ad hoc committees and their members? Bank syndicates and their members; Conflicts: Latest developments in disclosure and disqualification, the use of conflicts counsel, UST Guidelines, etc.; The New U.S. Trustee Guidelines: What ethical concerns are raised by the new UST Guidelines on professional retention and fee applications (including issues relating to attorney/client privilege)? Are there limits on the proper disclosure of a firm’s billing practices and/or “blended” rates?

Michael Luskin, Moderator

Luskin, Stern & Eisler LLP

Luc A. Despins

Paul Hastings LLP

Jonathan L. Flaxer

Golenbock Assor Bell & Peskoe LLP

Hon. Cecelia G. Morris

U.S. Bankruptcy Court (S.D.N.Y.); Poughkeepsie

4:00-4:15 p.m.

Refreshment Break

4:15-5:30 p.m.

Repeat Concurrent Sessions (6)

Bankruptcy Litigation Panel

Fraudulent conveyance post-TOUSA; direct/indirect benefit; § 550(d); update on in pari delicto; clearing firm as initial transferee in Ponzi scheme (Goldman Sachs v. Bayou); update on case law (e.g., Stern v. Marshall and Madoff); pre-emption (TOUSA, Tribune, Lyondell); safe harbors; insurance issues (sequencing of claims in litigation, policy exclusions, DIP/committee same as pre-petition insured?); venue (Patriot, HMH)

Peter V. Pantaleo, Moderator

Simpson Thacher & Bartlett LLP

Hon. Carla E. Craig

U.S. Bankruptcy Court (E.D.N.Y.); Brooklyn

Robin Keller

Hogan Lovells US LLP

Steven J. Reisman

Curtis, Mallet-Prevost, Colt & Mosle LLP

Recent Issues in Plan Confirmation

Equitable mootness, releases, resuscitation of discharged claims, etc. (Owens Corning); § 1129(a)(10) in multi-debtor nonconsolidated cases (Charter, Tribune); treatment of make-whole provisions in a plan (Chemtura); facial nonconfirmability; vote designation; post-filing lock-up agreements

Bruce R. Zirinsky, Moderator

Greenberg Traurig LLP

Hon. Stuart M. Bernstein

U.S. Bankruptcy Court (S.D.N.Y.)

Mark Kronfeld

Owl Creek Asset Management L.P.

My Chi To

Debevoise & Plimpton LLP

Valuation Panel: What’s Missing in the Valuation?

Past valuation panels have focused on the three traditional methods for determining the enterprise value of an operating business: DCF, comparable company and comparable transaction. This panel will focus on sources of value or reductions in value that are sometimes disregarded, such as excess cash and working capital, underutilized real estate and hard assets, claims and other contingent assets, insurance claims, intellectual property portfolios, discontinued businesses and NOLs. Normalizing adjustments are also discussed, including those related to above-market compensation, insider contracts, and underinvestment in capital plan and brand equity

David Pauker, Moderator

Goldin Associates, LLC

Daniel A. Celantano

Evercore Partners

Matthew A. Feldman

Willkie Farr & Gallagher LLP

Hon. Christopher S. Sontchi

U.S. Bankruptcy Court (D. Del.); Wilmington

Who’s Running the Company?

Selection of CRO and establishment of a scope and chain of command; role of CRO and other officers in intercompany disputes in multi-debtor cases; negotiating pre- and post-confirmation equity/incentives for officers and directors; selecting a post-confirmation board of directors; issues and actions constituting “cause” for appointment of trustee or examiner motion; appointment and role of examiner in recent cases (Rescap, Dewey, Dynegy)

Thomas Moers Mayer, Moderator

Kramer Levin Naftalis & Frankel LLP

George A. Davis

Cadwalader Wickersham & Taft LLP

Hon. Kevin Gross

U.S. Bankruptcy Court (D. Del.); Wilmington

Kevin J. Lavin

FTI Consulting, Inc.

Issues in Energy Restructurings

Discussion of trends and forecasts in energy industry; introduction to the fundamentals of oil and gas investing and relevant legal/business issues

Dennis F. Dunne, Moderator

Milbank, Tweed, Hadley & McCloy LLP

Hon. Robert D. Drain, Moderator

U.S. Bankruptcy Court (S.D.N.Y.); White Plains

Susheel Kirpalani

Quinn Emanuel Urquhart & Sullivan, LLP

J. Gregg Pritchard

Warren Street Global, Inc.

Bankruptcy Litigation and Ethical Lines: Selected Topics

Group Privileges”: What are the limits of the attorney-client and work-product privileges that can be asserted by official committees and their members? Ad hoc committees and their members? Bank syndicates and their members; Conflicts: Latest developments in disclosure and disqualification, the use of conflicts counsel, UST Guidelines, etc.; The New U.S. Trustee Guidelines: What ethical concerns are raised by the new UST Guidelines on professional retention and fee applications (including issues relating to attorney/client privilege)? Are there limits on the proper disclosure of a firm’s billing practices and/or “blended” rates?

Michael Luskin, Moderator

Luskin, Stern & Eisler LLP

Kathryn Coleman

Hughes Hubbard & Reed LLP

Hon. Cecelia G. Morris

U.S. Bankruptcy Court (S.D.N.Y.); Poughkeepsie

Michael P. Richman

Hunton & Williams LLP

5:30 p.m.

Adjourn

5:30-7:00 p.m.

Networking Reception - Now open to all attendees!

 

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