18th Annual New York City Bankruptcy Conference May 12,...

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18 th Annual New York City Bankruptcy Conference May 12, 2016 New York Hilton Midtown 1335 Avenue of the Americas New York, NY 10019-6078

Transcript of 18th Annual New York City Bankruptcy Conference May 12,...

Page 1: 18th Annual New York City Bankruptcy Conference May 12, 2016abi-org.s3.amazonaws.com/Events/NYC16/2016NYCBC... · Timothy Graulich, Moderator Davis Polk & Wardwell LLP Paul M. Basta

18th Annual New York City Bankruptcy ConferenceMay 12, 2016

New York Hilton Midtown1335 Avenue of the AmericasNew York, NY 10019-6078

Page 2: 18th Annual New York City Bankruptcy Conference May 12, 2016abi-org.s3.amazonaws.com/Events/NYC16/2016NYCBC... · Timothy Graulich, Moderator Davis Polk & Wardwell LLP Paul M. Basta

18th Annual New York City Bankruptcy ConferenceMay 12, 2016

NEW YORK HILTON MIDTOWN1335 AVENUE OF THE AMERICAS, NEW YORK, NEW YORKTEL: +1-212-586-7000 FAX: +1-212-315-1374

Welcome!We are pleased to invite you to the 18th Annual New York City Bankruptcy Conference at the New York Hilton in Midtown Manhattan. This will be the premier New York bankruptcy conference of 2016 — and one of the most significant gatherings of insolvency and restructuring thought leaders anywhere in the country. The faculty includes more than a dozen current and former bankruptcy judges from S.D.N.Y. and Delaware.

Participating in this unique day-long educational forum, designed especially for experienced practitioners, will also provide you with invaluable opportunities to connect with the industry’s top bankruptcy professionals. The expanded workshop format — each of the six concurrent breakout sessions will be presented twice with different panelists, offering attendees multiple points of view on the same topics — allows for spirited exchanges and lets you customize your learning experience. Sample up to four concurrent sessions, or dig deeper into two concentrated subjects!

Come learn from the best, and discover practical techniques and tips for navigating the challenges of today’s insolvency environment.

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SPECIAL THANKS We extend our special thanks to Bloomberg BRIEF and The Wall Street Journal for the media partnerships, Thomson Reuters for the electronic educational materials and Wilmington Trust for the conference tote bags.

EXECUTIVE PARTNERS

PRESIDENTIAL PARTNERSWHY YOU SHOULD ATTEND:At this year’s conference, you’ll discover the latest trends and strategies for today’s bankruptcy environment. A unique gathering of leading judges, bankruptcy attorneys and expert consultants will share their ideas on some of today’s hottest topics and best practices.

WHO’S ATTENDING?• 65% Attorneys• 15% Financial Service Professionals• 20% CPAs, Accountants, and Turnaround and Related Professionals, Including Judges

BIG CREDITS, BIG VALUE!• 6.75/8 Hours of CLE/CPE Credit• 1.25/1.5 Hours of Ethics Credit

That’s less than $80 per hour of CLE/CPE!

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2016 New York City Bankruptcy Conference Program

Thursday, May 127:30 a.m.Registration Desk Open

7:30-8:30 a.m.Continental Breakfast

8:30-8:45 a.m.Conference Chairs’ Welcome

8:45-9:30 a.m.Plenary SessionJudges’ Roundtable on Selected Current Topics, Featuring Judges of S.D.N.Y.

9:30-9:45 a.m.Refreshment Break

9:45-11:00 a.m.Concurrent Sessions (6)Cross-Border Bankruptcy IssuesThis panel will present a review of the current state of the law as to when a foreign entity can file a main proceeding vs. an ancillary proceeding in bankruptcy court, what interest is sufficient for a main or ancillary proceeding, cross-border insolvency protocols, challenges faced by foreign representatives (Octaviar, Rede Energia, Baha Mar, Fairfield), COMI (OAS S.A., Suntech), conflicts of law in fraudulent transfer litigation, recognition of foreign judgments in U.S. proceedings, and dealing with foreign boards or administrators of parents or subsidiaries. Lisa M. Schweitzer, Moderator Cleary Gottlieb Steen & Hamilton LLP Daniel Ehrmann King Street Capital Management LP Robin E. Keller Hogan Lovells US LLP Hon. Allan L. Gropper (ret.) U.S. Bankruptcy Court (S.D.N.Y.)

Private-Equity Sponsors in Bankruptcy: From Innkeepers and Dynegy to Energy Future and CaesarsWhat are the strategies of private-equity sponsors seeking to retain control (or at least a stake) through the bankruptcy process? How do they retain counsel and manage conflicts? What strategies are they using to preserve their interests? What risks do they undertake? This panel will discuss these issues and more. Timothy Graulich, Moderator Davis Polk & Wardwell LLP Paul M. Basta Kirkland & Ellis LLP Mark Kronfeld Plymouth Lane Capital Management, LLC Hon. Arthur J. Gonzalez (ret.) New York University School of Law

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New York Hilton1335 Avenue of the Americas, New York, NY 10019

How to Value DebtValuation panels have generally focused on how to value debtors and their stock. But what about valuing debt, the other form of consideration that is generally issued under a bankruptcy plan? The session will discuss coverage ratios and other credit metrics, comparability, the impact of covenants and other terms, credit reporting and rating, and more. Sandeep Qusba, Moderator Simpson Thacher & Bartlett LLP Alex Klipper Bank of America Marc D. Puntus Centerview Partners Hon. Shelley C. Chapman U.S. Bankruptcy Court (S.D.N.Y.)

Fraudulent Transfer LitigationThis panel will focus on recent litigation regarding actual vs. constructive fraud, how to plead and prove actual intent (Lyondell), the anticipated Second Circuit decision on safe harbors, etc., “fraudulent spin-off” cases (Tronox, Chemours, Paragon Offshore) and conflict-of-law issues. Edward S. Weisfelner, Moderator Brown Rudnick LLP Susheel Kirpalani Quinn Emanuel Urquhart & Sullivan, LLP Joel H. Levitin Cahill Gordon & Reindel LLP

Leon Szlezinger Jefferies & Co. Hon. James L. Garrity U.S. Bankruptcy Court (S.D.N.Y.)

Recent Issues in Plan ConfirmationThe panel will discuss recent decisions on cramdowns, gifting, equitable mootness and structured dismissals (Jevic), statutory subordination (American Housing Foundation), nonconsensual releases (Seaside Engineering), plan modification (SCH Corp.) and impairment. Additional discussion may include when/whether the debtor is not required to pay the contractual rate of interest on unsecured notes (EFH), use of the federal judgment rate as an interest rate if a contract rate does not apply, and the scope of § 524(e). Richard B. Levin, Moderator Jenner & Block Mark A. McDermott Skadden, Arps, Slate, Meagher & Flom LLP Barbra R. Parlin Holland & Knight LLP Hon. Stuart M. Bernstein U.S. Bankruptcy Court (S.D.N.Y.)

The Changing Retail Environment and Restructuring ConsequencesHow are retail bankruptcies conducted today vs. 10+ years ago? How are future retail bankruptcies likely to look? What are the macro trends in retail, and what are the consequences of traditional brick-and-mortar retail? What will be the dominant types(s) of retail platform(s), and who will be buying or investing in retail assets? This session will cover IP and other technology issues (valuation, liens on IP), lease issues, privacy issues, credit cards and gift cards. David M. Posner, Moderator Kilpatrick Townsend & Stockton LLP Holly Felder Etlin AlixPartners, LLP Kenneth A. Rosen Lowenstein Sandler LLP Mark Weinsten FTI Consulting, Inc.; Boston Hon. Nancy Hershey Lord U.S. Bankruptcy Court (E.D.N.Y.)

11:00-11:15 a.m.Refreshment and Networking BreakSponsored by Skadden, Arps, Slate, Meagher & Flom LLP

11:15 a.m.-12:30 p.m.Repeat Concurrent Sessions (6)Cross-Border Bankruptcy Issues Lisa M. Schweitzer, Moderator Cleary Gottlieb Steen & Hamilton LLP Brian S. Perkinson KRyS Global Arthur J. Steinberg King & Spalding Hon. Allan L. Gropper (ret.) U.S. Bankruptcy Court (S.D.N.Y.)

Private-Equity Sponsors in Bankruptcy: From Innkeepers and Dynegy to Energy Future and Caesars Timothy Graulich, Moderator Davis Polk & Wardwell LLP Ronen A. Bojmel Guggenheim Partners, LLC Richard G. Mason Wachtell, Lipton, Rosen & Katz Ray C. Schrock Weil, Gotshal & Manges LLP Hon. Arthur J. Gonzalez (ret.) New York University School of Law

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How to Value Debt Sandeep Qusba, Moderator Simpson Thacher & Bartlett LLP Zul Jamal Moelis & Company Robert S. Kost Goldin Associates, LLC Hon. Shelley C. Chapman U.S. Bankruptcy Court (S.D.N.Y.)

Fraudulent Transfer Litigation Edward S. Weisfelner, Moderator Brown Rudnick LLP Mark A. Broude Latham & Watkins LLP John D. Penn Perkins Coie LLP Hon. James L. Garrity U.S. Bankruptcy Court (S.D.N.Y.)

Recent Issues in Plan Confirmation Richard B. Levin, Moderator Jenner & Block Evan C. Hollander Arnold & Porter LLP Jeffrey S. Sabin Venable LLP Hon. Stuart M. Bernstein U.S. Bankruptcy Court (S.D.N.Y.)

The Changing Retail Environment and Restructuring Consequences David M. Posner, Moderator Kilpatrick Townsend & Stockton LLP William H. Henrich Getzler Henrich & Associates LLC Paul D. Leake Jones Day Mark Weinsten FTI Consulting, Inc.; Boston Hon. Nancy Hershey Lord U.S. Bankruptcy Court (E.D.N.Y.)

12:30-1:30 p.m.Buffet LunchSponsored by Grant Thornton LLP

1:30-2:30 p.m.Plenary SessionHow Can Puerto Rico Restructure Its Debt Obligations and Return Its Economy to Growth?The panel will discuss how Puerto Rico can implement economic growth and fiscal stability measures and right-size its debt obligations, and the legal, political and financial tools that can be used to achieve an optimal outcome for Puerto Rico and its people, businesses and creditors. James E. Millstein, Moderator Millstein & Co.; Washington, D.C.

Jeffrey L. Farrow The Oliver Group, Inc.; Washington, D.C. Sergio M. Marxuach Center for a New Economy; San Juan, P.R. Thomas Moers Mayer Kramer Levin Naftalis & Frankel LLP Brad W. Setser Greenberg Center for Geoeconomics

2:45-4:00 p.m.Concurrent Sessions (6)Restructuring and Plan-Support Agreements, and Other Trends in Out-of-Court RestructuringsThis session will discuss why some out-of-court restructurings fail (EFIH, Walter) while others succeed. Specific topics will include MNPI (trading and disclosure issues), no-shop provisions, holdouts and free-riders, and Trust Indenture Act issues. Brett H. Miller, Moderator Morrison & Foerster LLP Kelley A. Cornish Paul, Weiss, Rifkind, Wharton & Garrison LLP Marc J. Heimowitz Claren Road Asset Management Hon. Michael E. Wiles U.S. Bankruptcy Court (S.D.N.Y.)

Multiple Debtors: Best Practices for Governance in Multi-Debtor CasesThis panel will discuss how to make sure management (and the board) plays the role of neutral stakeholder throughout a plan and/or §  363 process. Can the same board and management team truly represent the interests of stakeholders of BOTH a corporate parent and its subsidiaries? What if there are dozens of affiliates whose creditors have disparate interests? Why is the issue of corporate separateness (and related conflicts) overlooked in some multiple-debtor cases, but addressed in others? What are the pros and cons of various tools for addressing potential conflicts? Who should investigate when issues are raised about the validity of intercompany debt, the reasonableness of cost allocations, the ownership of intellectual property and the potential for fraudulent conveyance claims among debtors? Examples discussed may include Nortel, Caesars, EFH, Lehman, Tribune and others. Lisa G. Beckerman, Moderator Akin Gump Strauss Hauer & Feld LLP Martin J. Bienenstock Proskauer Nancy A. Mitchell Greenberg Traurig, LLP J. Scott Victor SSG Capital Advisors, LLC Hon. Robert E. Gerber (ret.) U.S. Bankruptcy Court (S.D.N.Y.)

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Bankruptcy Litigation PanelThis panel will focus on three current topics: (1) discovery, with an emphasis on the impact of the new federal discovery rules regarding “proportionality”; recent developments in e-discovery, including questions of possession, custody and control in discovery disputes; the Model Protocol for Discovery of Electronically Stored Information (ESI); and limitations on e-discovery (ResCap); (2) litigating with “common interests,” covering all about what a “common interest” is, whether an agreement is needed and court approval should be sought, the limits compared to attorney/client and work-product privileges, whether “common interests” can cease, and what happens if they do; and (3) STN and 9019s, discussing how 9019 has grown since STN into a tool for resolving potential litigation during a bankruptcy proceeding, who is allowed to settle, exclusive rights to settle, when a committee with a right to prosecute can settle with a debtor and others (Lyondell, Sabine), and whether 9019 in the context of confirmation is any different (NII Holdings, Adelphia). Michael Luskin, Moderator Luskin, Stern & Eisler LLP Philip Bentley Kramer Levin Naftalis & Frankel LLP Karin Scholz Jenson BakerHostetler Hon. Sean H. Lane U.S. Bankruptcy Court (S.D.N.Y.)

Flashpoints for Intercreditor DisputesWhat happens after a successful credit bid? This panel will discuss the scope of § 363 sale orders and whether they should or even can address intercreditor issues, corporate governance and funding issues, unitranche deals, the difference in protections between an agreement among lenders and an intercreditor agreement, the Radio Shack intercreditor adversary proceeding, § 1111(b) elections (Baker Hughes), adequate protection (In re Chardon) and lien-stripping (Caulkett). Glenn E. Siegel, Moderator Morgan, Lewis & Bockius LLP William A. Brandt, Jr. Development Specialists, Inc. Kristopher M. Hansen Stroock & Stroock & Lavan LLP Hon. Robert D. Drain U.S. Bankruptcy Court (S.D.N.Y.)

Current Issues in the Energy SectorHow are cash-collateral orders and adequate-protection packages being fashioned in E&P bankruptcies, and what intercreditor issues can arise as a result? This panel will discuss questions relating to lender collateral that may surface in E&P cases, such as (1) the absence of blanket liens, liens on reserves and cash as security; (2) the impact of state law defining property rights in such assets as royalty streams and leasehold interests; and (3) contract interpretation issues involving prepayment agreements and other arrangements. The panel will also discuss E&P valuation issues

and their relationship to the commodity pricing cycle, as well as environmental obligations and pension/OPEB issues (e.g., Peabody). Dennis F. Dunne, Moderator Milbank, Tweed, Hadley & McCloy LLP Mitchell C. Fane Ernst & Young LLP Ira L. Herman Thompson & Knight LLP Daniel B. Kamensky Marble Ridge Capital LP Hon. Brendan Linehan Shannon U.S. Bankruptcy Court (D. Del.) Wilmington

Ethics Panel: Current Issues in the Retention and Compensation of Bankruptcy ProfessionalsHow will the Supreme Court’s decision in Baker Botts v. ASARCO affect professional fees? Will there be an increase in fee litigation in future chapter 11 cases? This panel will also explore the Tribune standard for payment of unsecured creditors’ post-petition professionals’ fees, fees awarded as part of global settlements (Lehman), and the recent use of fee examiners. The session could also include a discussion on when disclosure of “representations of parties in unrelated matters” is sufficient, whether conflicts can be cured by the appointment of conflicts counsel, a recent Ninth Circuit decision on the potential implications of exceeding fee caps, when it is necessary to obtain a conflict waiver,

current vs. recent vs. former clients, and directly adverse vs. positionally adverse. Michael P. Richman, Moderator Hunton & Williams LLP Daniel A. Lowenthal Patterson Belknap Webb & Tyler LLP Alec P. Ostrow Becker, Glynn, Muffly, Chasin & Hosinski LLP William P. Weintraub Goodwin Procter LLP Hon. Louis A. Scarcella U.S. Bankruptcy Court (E.D.N.Y.) Hon. Elizabeth S. Stong U.S. Bankruptcy Court (E.D.N.Y.)

4:00-4:30 p.m.Refreshment and Networking BreakSponsored by EisnerAmper LLP

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2016 New York City Bankruptcy Conference Program

4:30-5:45 p.m.Repeat Concurrent Sessions (6)Restructuring and Plan-Support Agreements, and Other Trendsin Out-of-Court Restructurings Brett H. Miller, Moderator Morrison & Foerster LLP Michael J. Genereux PJT Partners Inc. Gary L. Kaplan Fried, Frank, Harris, Shriver & Jacobson LLP Hon. Michael E. Wiles U.S. Bankruptcy Court (S.D.N.Y.)

Multiple Debtors: Best Practices for Governance in Multi-Debtor Cases Lisa G. Beckerman, Moderator Akin Gump Strauss Hauer & Feld LLP George Davis O’Melveny & Myers LLP David I. Pauker New York Hon. Robert E. Gerber (ret.) U.S. Bankruptcy Court (S.D.N.Y.)

Bankruptcy Litigation Panel Michael Luskin, Moderator Luskin, Stern & Eisler LLP Melanie L. Cyganowski Otterbourg P.C. Dion W. Hayes McGuireWoods LLP David M. Hillman Schulte Roth & Zabel LLP Hon. Sean H. Lane U.S. Bankruptcy Court (S.D.N.Y.)

Flashpoints for Intercreditor Disputes Glenn E. Siegel, Moderator Morgan, Lewis & Bockius LLP Pamela Corrie Epiq Systems, Inc. Madlyn Gleich Primoff Kaye Scholer LLP Hon. Robert D. Drain U.S. Bankruptcy Court (S.D.N.Y.)

Current Issues in the Energy Sector Dennis F. Dunne, Moderator Milbank, Tweed, Hadley & McCloy LLP Ana M. Alfonso Willkie Farr & Gallagher LLP John-Paul Hanson Houlihan Lokey Daniel B. Kamensky Marble Ridge Capital LP Hon. Brendan Linehan Shannon U.S. Bankruptcy Court (D. Del.); Wilmington

Ethics Panel: Current Issues in the Retention and Compensation of Bankruptcy Professionals Michael P. Richman, Moderator Hunton & Williams LLP Kathryn A. Coleman Hughes Hubbard & Reed LLP Jonathan L. Flaxer Golenbock Eiseman Assor Bell & Peskoe LLP Hon. Elizabeth S. Stong U.S. Bankruptcy Court (E.D.N.Y.) Hon. Louis A. Scarcella U.S. Bankruptcy Court (E.D.N.Y.)

5:45-7:15 p.m.Networking Reception (open to all attendees!)

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ChairsHon. Shelley C. Chapman, Judicial ChairU.S. Bankruptcy Court (S.D.N.Y.)Timothy Graulich, Co-ChairDavis Polk & Wardwell LLPSean A. Gumbs, Co-ChairFTI Consulting, Inc.David I. Pauker, Co-ChairNew York

Advisory BoardElizabeth AbramsMillstein & Co., L.P.Paul M. BastaKirkland & Ellis LLPJohn H. BaeMintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.Lisa G. BeckermanAkin Gump Strauss Hauer & Feld LLPPhilip BentleyKramer Levin Naftalis & Frankel LLPMartin J. BienenstockProskauerRonen A. BojmelGuggenheim Partners, LLCWilliam A. Brandt, Jr.Development Specialists, Inc.Mark A. BroudeLatham & Watkins LLPKathryn A. ColemanHughes Hubbard & Reed LLP

Pamela CorrieEpiq Systems, Inc.George A. DavisO’Melveny & Myers LLPZul JamalMoelis & CompanyDennis F. DunneMilbank, Tweed, Hadley & McCloy LLPDaniel EhrmannKing Street Capital Management LPJonathan L. FlaxerGolenbock Eiseman Assor Bell & Peskoe LLPMichael J. GenereuxPJT Partners Inc.Jonathan E. GoldinGoldin Associates, LLCKristopher M. HansenStroock & Stroock & Lavan LLPDion W. HayesMcGuireWoods LLPMelanie L. CyganowskiOtterbourg P.C.Marc J. HeimowitzClaren Road Asset ManagementWilliam H. HenrichGetzler Henrich & Associates LLCIra L. HermanThompson & Knight LLPDavid M. HillmanSchulte Roth & Zabel LLPDavid HiltyHoulihan Lokey

Evan C. HollanderArnold & Porter LLPDaniel B. KamenskyMarble Ridge Capital LPRobin E. KellerHogan Lovells US LLPSusheel KirpalaniQuinn Emanuel Urquhart & Sullivan, LLPAlex KlipperBank of AmericaAlan W. KornbergPaul, Weiss, Rifkind, Wharton & Garrison LLPMark P. KronfeldPlymouth Lane Capital Management, LLCPaul D. LeakeJones DayIvan LehonEYRichard B. LevinJenner & BlockJoel H. LevitinCahill Gordon & Reindel LLPDaniel A. LowenthalPatterson Belknap Webb & Tyler LLPMichael LuskinLuskin, Stern & Eisler LLPRichard G. MasonWachtell, Lipton, Rosen & KatzMark A. McDermottSkadden, Arps, Slate, Meagher & Flom LLPDeirdre Martini McGuinnessEpiq Systems, Inc.

Vivek MelwaniCenterbridge Partners, L.P.Brett H. MillerMorrison & Foerster LLPNancy A. MitchellGreenberg Traurig, LLPRichard MorrisGoldman SachsAlec P. OstrowBecker, Glynn, Muffly, Chassin & Hosinski LLPDeborah C. Rieger-PaganisAlixPartners, LLPBarbra R. ParlinHolland & Knight LLPJohn D. PennPerkins Coie LLPBryan S. PerkinsonKRyS GlobalIrving H. PicardBaker & Hostetler LLPDavid M. PosnerKilpatrick Townsend & Stockton LLPMadlyn Gleich PrimoffKaye Scholer LLPMarc D. PuntusCenterview PartnersSandeep QusbaSimpson Thacher & Bartlett LLPSteven J. ReismanCurtis, Mallet-Prevost, Colt & Mosle LLPMichael P. RichmanHunton & Williams LLP

Jeffrey S. SabinVenable LLPBrad E. SchelerFried, Frank, Harris, Shriver & Jacobson LLPRay C. SchrockWeil, Gotshal & Manges LLPLisa M. SchweitzerCleary Gottlieb Steen & Hamilton LLPGlenn E. SiegelMorgan, Lewis & Bockius LLPArthur J. SteinbergKing & SpaldingRachel C. StricklandWillkie Farr & Gallagher LLPLeon SzlezingerJefferies LLCAndrew V. TenzerPaul Hastings LLPMy Chi ToDebevoise & Plimpton LLPAlbert J. TogutTogut, Segal & Segal LLPBrian TrustMayer Brown LLPJ. Scott VictorSSG Capital Advisors, LLCWilliam P. WeintraubGoodwin Procter LLPEdward S. WeisfelnerBrown Rudnick LLPJohn W. WeissAlston & Bird LLP

2016 New York City Bankruptcy Conference Advisory board

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2016 New York City Bankruptcy Conference information

Hotel Accommodations

Located in Midtown Manhattan within blocks of Central Park, Times Square, the Theatre District, Fifth Avenue shopping, MOMA and so much more, the New York Hilton Midtown is the perfect host hotel for this program. ABI has negotiated a special conference rate of $349 single/double per night from May 11-12, 2016, at the New York Hilton Midtown (reservations must be made by April 11, 2016, to secure this special rate). Please call (212) 586-7000 to make your reservations. Reservations may be made only once you have registered with ABI. Be sure to identify yourself with the conference to obtain the special conference rate. Rooms are held on a first-come, first-served basis. ABI cannot guarantee anyone a room after the specially rated ABI block is filled.

Conference AttireProfessional business attire is requested throughout the conference.

Cancellation PolicyAll fees, except a $75 handling fee, will be refunded if written notice of cancellation is received by April 21, 2016. No refunds will be granted after April 21, although substitutions will be allowed. After April 21, upon written request, a coupon for 20% off the registration fee (not including optional events) will be issued, which can be used (by the canceling registrant only) for any ABI educational program up to one year after this conference, or for this same conference next year.

Continuing Education Credit6.75 hours of CLE credit, including 1.25 hours of ethics, are pending in states calculating CLE on a 60-minute hour, and 8 hours of CLE credit, including 1.5 hours of ethics, are pending in 50-minute-hour states. Credit hours granted are subject to approval from each state. NY MCLE: This transitional and non-transitional program has been approved in accordance with the requirements of the CLE Board for a maximum of 8 credit hours, of which 1.5 hours of credit can be applied toward the ethics professionalism requirement. California MCLE: ABI certifies that this activity has been approved for MCLE credit in the amount of 6.75 hours, of which 1.25 hours will apply to ethics. 8 hours of CPE credit, including 1.5 hours of ethics, are also available.

*ABI offers intermediate-level courses, which assume that attendees have some knowledge in insolvency matters (pursuant to the “Statement on Standards for CPE Programs” established by AICPA and NASBA). ABI is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Ave. North, Suite 700, Nashville, TN 37219-2417, or www.nasba.org. For more information regarding administrative policies such as complaints and refunds, please contact the American Bankruptcy Institute at (703) 739-0800.

ABI acknowledges that in some instances there will be persons who need to attend an educational seminar for CLE credit who are not able to pay full registration fees. ABI will handle such instances on a case-by-case basis and will work with the individual on alternative solutions. For persons who cannot meet the full registration rate, ABI will offer a reduced rate based on what the individual can reasonably afford to cover the cost of meals and materials. For persons unable to pay a reduced rate, we may allow the individual to work at our registration area for a few hours during attendee check-in, or assist in conference set-up. ABI also has reduced rates for government employees, professors, law clerks and students. For information on tuition assistance, e-mail [email protected].

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2016 New York City Bankruptcy Conference SPONSORS

Akin Gump Strauss Hauer & Feld LLPAlixPartners, LLPAlston & Bird LLPArnold & Porter LLPBaker & Hostetler LLPBank of AmericaBecker, Glynn, Muffly, Chassin & Hosinski LLPBrown Rudnick LLPCahill Gordon & Reindel LLPCenterbridge Partners, L.P.Centerview PartnersClaren Road Asset ManagementCleary Gottlieb Steen & Hamilton LLPCurtis, Mallet-Prevost, Colt & Mosle LLPDavis Polk & Wardwell LLPDebevoise & Plimpton LLPDevelopment Specialists, Inc.EisnerAmper LLPEpiq Systems, Inc.EYFried, Frank, Harris, Shriver & Jacobson LLPFTI Consulting, Inc.Getzler Henrich & Associates LLCGoldin Associates, LLCGoldman SachsGolenbock Eiseman Assor Bell & Peskoe LLPGoodwin Procter LLP

Grant Thornton LLPGreenberg Traurig, LLPGuggenheim Partners, LLCHogan Lovells US LLPHolland & Knight LLPHoulihan LokeyHughes Hubbard & Reed LLPHunton & Williams LLPJefferies LLCJenner & Block LLPJones DayKaye Scholer LLPKCCKilpatrick Townsend & Stockton LLPKing & SpaldingKing Street Capital Management LPKirkland & Ellis LLPKramer Levin Naftalis & Frankel LLPKRyS GlobalLatham & Watkins LLPLoeb & Loeb LLPLuskin, Stern & Eisler LLPMarble Ridge Capital LPMayer Brown LLPMcGuireWoods LLPMilbank, Tweed, Hadley & McCloy LLPMillstein & Co., L.P.

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.Moelis & CompanyMorgan, Lewis & Bockius LLPMorrison & Foerster LLPO’Melveny & Myers LLPOtterbourg P.C.Pachulski Stang Ziehl & Jones LLPPatterson Belknap Webb & Tyler LLPPaul Hastings LLPPaul, Weiss, Rifkind, Wharton & Garrison LLPPerkins Coie LLPPJT Partners Inc.Plymouth Lane Capital Management, LLCPolsinelliProskauerQuinn Emanuel Urquhart & Sullivan, LLPSchulte Roth & Zabel LLPSimpson Thacher & Bartlett LLPSkadden, Arps, Slate, Meagher & Flom LLPSSG Capital Advisors, LLCStroock & Stroock & Lavan LLPThompson & Knight LLPTogut, Segal & Segal LLPVenable LLPWachtell, Lipton, Rosen & KatzWeil, Gotshal & Manges LLPWillkie Farr & Gallagher LLP

2016 New York City Bankruptcy Conference information

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Thursday, May 128:45-9:30 a.m.Plenary Session m Judges’ Roundtable on Selected Current Topics, Featuring Judges of S.D.N.Y.

9:45-11:00 a.m.Concurrent Sessions (6) m Cross-Border Bankruptcy Issues m Private-Equity Sponsors in Bankruptcy: From Innkeepers and Dynegy to Energy Future and Caesars m How to Value Debt m Fraudulent Transfer Litigation m Recent Issues in Plan Confirmation m The Changing Retail Environment and Restructuring Consequences

11:15 a.m.-12:30 p.m.Repeat Concurrent Sessions (6) m Cross-Border Bankruptcy Issues m Private-Equity Sponsors in Bankruptcy: From Innkeepers and Dynegy to Energy Future and Caesars m How to Value Debt m Fraudulent Transfer Litigation m Recent Issues in Plan Confirmation m The Changing Retail Environment and Restructuring Consequences

1:30-2:30 p.m.Plenary Session m How Can Puerto Rico Restructure Its Debt Obligations and Return Its Economy to Growth?

2:45-4:00 p.m.Concurrent Sessions (6) m Restructuring and Plan-Support Agreements, and Trends in Out-of-Court Restructurings m Multiple Debtors: Best Practices for Governance in Multi-Debtor Cases m Bankruptcy Litigation Panel m Flashpoints for Intercreditor Disputes

m Current Issues in the Energy Sector m Ethics Panel: Current Issues in the Retention and Compensation of Bankruptcy Professionals

4:30-5:45 p.m.Repeat Concurrent Sessions (6) m Restructuring and Plan-Support Agreements, and Trends in Out-of-Court Restructurings m Multiple Debtors: Best Practices for Governance in Multi-Debtor Cases m Bankruptcy Litigation Panel m Flashpoints for Intercreditor Disputes m Current Issues in the Energy Sector m Ethics Panel: Current Issues in the Retention and Compensation of Bankruptcy Professionals

www.abi.org/eventsREGISTER ONLINE AT

CLE/CPE Checklist

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CONTACT INFORMATION______________________________________________________________________________________Name Nickname

______________________________________________________________________________________Title Firm/Company

______________________________________________________________________________________Address City State Zip

______________________________________________________________________________________Phone Fax E-mail

CONFERENCE RATES REGULAR LATE (postmarked by 5/6/16) (after 5/6/16)ABI Member m $625 m $725Gov’t./Aca./Nonprofit ABI Member m $375 m $425New ABI Member* m $900 m $1,000Gov’t./Aca./Nonprofit New ABI Member* m $470 m $520

Registration rates include continental breakfast, luncheon presentation, all refreshment breaks and the written materials.* Includes a one-year membership for first-time members only — a $295 value! Membership is individual and nonrefundable. Expired members should select the member rate and add in the membership renewal fee on this form. You must be an ABI member to attend the conference.

EXHIBITOR RATESABI Member Exhibitor** m $1,600ABI Member Secondary Exhibitor m $500New ABI Member Exhibitor*** m $1,850New ABI Member Secondary Exhibitor*** m $750** Includes one 6’ table and full registration for one booth representative. *** Includes one 6’ table, full registration for one booth representative AND a one-year membership for first-time members only — a $295 value! Membership is individual and nonrefundable. Expired members should select the member rate and add in the membership renewal fee on this form. You must be an ABI member to attend the conference.

ABI Annual Membership Renewal (Optional)Regular ____________ x $295 $ ___________Govt./Academic/Nonprofit ____________ x $95 $ ___________

Continuing Education Credit

_________________________________________________________________________________m CLE/CPE Credit State(s) Bar No. (circle one)

ABI Endowment Fund (Optional)m Yes, I’d like to contribute to the ABI Endowment Fund. m $50 m $100 m $250 m Other $ ______________m Yes, I’d like to make a pledge. Please contact me regarding billing.

List as: ___________________________________________________________________________

CARE: Credit ABUSE RESISTANCE EDucation Program (Optional)m Yes, I’d like to contribute to CARE. m $50 m $100 m $250 m Other $ ______________m Yes, I’d like to make a pledge. Please contact me regarding billing.

PAYMENT TOTAL $ _______________m Check payable to American Bankruptcy Institute enclosed. Send to: American Bankruptcy Institute • P.O. Box 7403 • Merrifield, VA 22116-7403. Check and credit card payments can be made online at abi.org/events or faxed to (866) 921-1027.

____________________________________________________________________________________________Acct. No. Exp. Date

____________________________________________________________________________________________Signature

2016 New York City Bankruptcy Conference Registration Form

Page 14: 18th Annual New York City Bankruptcy Conference May 12, 2016abi-org.s3.amazonaws.com/Events/NYC16/2016NYCBC... · Timothy Graulich, Moderator Davis Polk & Wardwell LLP Paul M. Basta

Use #NYCBC16 to network and participate with your peers at the 18th Annual New York City Bankruptcy Conference!

66 Canal Center Plaza • Suite 600 • Alexandria, VA 22314

18th Annual New York City Bankruptcy ConferenceMay 12, 2016

Register online at

abi.org/events