New York City Bankruptcy Conference Program

New York Marriott Marquis, 1535 Broadway, New York, NY 10036

Monday, May 4

7:30 a.m.

Registration Desk Open

8:00–8:30 a.m.

Continental Breakfast

8:30–8:45 a.m.

Conference Chairs' Welcome

Hon. James M. Peck, Judicial Chair

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

Glenn E. Siegel, Co-Chair

Dechert LLP

Todd R. Snyder, Co-Chair

Rothschild, Inc.

Albert Togut, Co-Chair

Togut, Segal & Segal, LLP

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. James M. Peck, Moderator

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

9:45–10:00 a.m.

Refreshment Break

10:00–11:15 a.m.

Concurrent Sessions (6)

Alternative Liquidation Regimes under Banking, Securities, Insurance and State Law

This topic could include discussions of Corporate Windups, SEC Receiverships, Insurance Companies, Banks and SIPC liquidations.

Lisa G. Beckerman (Moderator)

Akin Gump Strauss Hauer & Feld, LLP

Luc A. Despins

Paul, Hastings, Janofsky & Walker LLP

David I. Pauker

Goldin Associates, LLC

Arthur J. Steinberg

King & Spalding LLP

Auto Industry Panel

Auto bailout packages; chapter 11s and other restructuring approaches; tier 1, tier 2 and related issues

Durc A. Savini (Moderator)

Miller Buckfire & Co., LLC

Corrine Ball

Jones Day

Lisa J. Donahue

AlixPartners LLP

Kristopher M. Hansen

Stroock & Stroock & Lavan LLP

Hon. Elizabeth S. Stong

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

Ethics Panel

Abuse of the bankruptcy process, grossly inflated claims in Calpine, fiduciary duties of lawyers, debtors and committee members. Ad hoc groups, formation, organization and a discussion of getting restricted—when, why and how; disclosure of fully hedged positions—discussions of decoupling issues

D. J. (Jan) Baker (Moderator)

Skadden, Arps, Slate, Meagher & Flom LLP

Diana G. Adams

Office of the U.S. Trustee, Region 2

Hon. Robert D. Drain

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

Jonathan L. Flaxer

Golenbock, Eiseman, Assor, Bell & Peskoe LLP

Edward S. Weisfelner

Brown Rudnick LLP

Sales Issues

Developments in 363 sales and procedures including discussion of Clear Channel and whether it will be followed, Steve & Barry's multiple filings and sales

Michael P. Richman (Moderator)

Foley & Lardner LLP

Hon. Stuart M. Bernstein

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

Ira L. Herman

Thompson & Knight LLP

Steven J. Reisman

Curtis, Mallet-Prevost, Colt & Mosle LLP

Jeffrey N. Rich

K&L Gates LLP

International

Chapter 15 and cross-border update, including UNCITRAL cross-border protocols

Alan W. Kornberg (Moderator)

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Allan L. Gropper

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

Jeffrey S. Sabin

Bingham McCutchen LLP

Joseph Samet

Baker & McKenzie LLP

Brian Trust

Mayer Brown LLP

Liquidate and Litigate: The End of Reorganization?

Liquidate and litigate as the new model. Rule 6003 and immediate and irreparable harm—strategies for obtaining relief in the first 20 days; inducement to lend liabilities of board; obligation of company when there is no exit financing; lots of recent hedge fund cases—portfolio companies have gotten into trouble lending on secured basis; unsecured creditors sue to recover payments, invalidate liens and subordinate; dividend recaps

Mark A. Broude (Moderator)

Latham & Watkins LLP

Shelly C. Chapman

Willkie Farr & Gallagher LLP

Michael L. Cook

Schulte Roth & Zabel LLP

Hon. Robert E. Gerber

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

Lindsee P. Granfield

Cleary, Gottlieb, Steen & Hamilton LLP

11:15–11:30 a.m.

Refreshment Break

11:30 a.m.–12:45 p.m.

Repeat Concurrent Sessions (6)

Alternative Liquidation Regimes under Banking, Securities, Insurance and State Law

Auto Industry Panel

Ethics Panel

Sales Issues

International

Litigate and Liquidate: The End of Reorganization?

12:45–1:45 p.m.

Buffet Lunch

1:45–2:45 p.m.

Plenary Session

Teaching the New Dog Old Tricks

Changes to Code—what has changed, what is being proposed and what should change: shopping center leases, reclamation, exclusivity, KERPs, BAPCPA rollbacks generally

Glenn E. Siegel (Moderator)

Dechert LLP

Prof. Troy McKenzie

New York University School of Law

Barry W. Ridings

Lazard

Wilbur L. Ross

WL Ross & Co. LLC

Albert Togut

Togut, Segal & Segal, LLP

2:45–4:00 p.m.

Concurrent Sessions (6)

Real Estate

Recent Issues and Trends in Real Estate Restructurings: Discussion of homebuilder bankruptcies; intercreditor issues between mezzanine and mortgage lenders and holders of A notes vs. B notes; general restructuring trends; legal issues in single-asset real estate cases; and loss mitigation programs in consumer bankruptcies.

My Chi To (Moderator)

Debevoise & Plimpton LLP

Hon. Cecelia G. Morris

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

Alec P. Ostrow

Stevens & Lee, PC

John Pidcock

Bridge Associates LLC; Cleveland

Sanford P. Rosen

Sanford P. Rosen & Associates, PC

Retail Bankruptcies Redux

Reclamation claims, leases, GOB sales (both pre- and post-petition); at least 14 major retail chains have filed in the past 12 months, most of them liquidations; a section on the retail real estate industry and its problems

Howard S. Beltzer (Moderator)

Morgan, Lewis & Bockius LLP

Hon. Martin Glenn

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

Scott L. Hazan

Otterbourg, Steindler, Houston & Rosen, PC

William H. Henrich

Getzler Henrich & Associates LLC

Evan C. Hollander

White & Case LLP

Return of the Exchange Offer

Restructuring techniques out of bankruptcy

Timothy R. Coleman (Moderator)

The Blackstone Group

Dennis F. Dunne

Milbank, Tweed, Hadley & McCloy LLP

Gary L. Kaplan

Fried, Frank, Harris, Shriver & Jacobson LLP

Deryck A. Palmer

Cadwalader, Wickersham & Taft LLP

Financing

DIP and exit financing alternatives after the credit freeze

Todd R. Snyder (Moderator)

Rothschild, Inc.

Matthew A. Cantor

Normandy Hill Capital, LP

Hon. Arthur J. Gonzalez

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

David A. Gozdecki

GE Commercial Finance; Chicago

Deirdre A. Martini

Wachovia Capital Finance

SIRVA: The Extreme Prepack

An in-depth case study of this hotly-contested prepackaged chapter 11 case, focusing on plan issues (sub-classification of general unsecured creditors; selective "gift" distributions by senior secured creditors); vote solicitation and resolicitation; and litigation and case management strategy and tactics in a contested confirmation.

Michael Luskin (Moderator)

Hughes Hubbard & Reed LLP

Marc Kieselstein

Kirkland & Ellis LLP; Chicago

Thomas Moers Mayer

Kramer Levin Naftalis & Frankel LLP

Peter V. Pantaleo

Simpson Thacher & Bartlett LLP

Hon. James M. Peck

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

Valuation Issues

Valuation including market manipulation and ways to value illiquid subprime assets—including asset valuations in inflationary times, financial reporting issues; proposals to change the face of the financial statements; migration to international financial standards; the whole outcry regarding the alleged culpability of the requirements of the SFAS 157; Fair Value Measurements for the financial meltdown by requiring mark-to-market accounting, etc.

Martin J. Bienenstock (Moderator)

Dewey & LeBoeuf LLP

Hon. Robert E. Grossman

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

James M. Lukenda, CIRA, CPA

Huron Consulting Group

Mark J. Shapiro

Barclay's Capital

4:00–4:15 p.m.

Refreshment Break

4:15–5:30 p.m.

Repeat Concurrent Sessions (6)

Real Estate

Retail Bankruptcies Redux

Return of the Exchange Offer

Financing

The SIRVA Case

Valuation Issues

5:30 p.m.

Adjourn

6:00–8:00 p.m.

VIP Reception for Speakers and Sponsors (invitation only)

Sponsored by Donlin, Recano & Company, Inc.