Thursday, May 18
7:30 a.m.
Registration Desk Open
8:00- 8:30 a.m.
Continental Breakfast
8:30-8:45 a.m.
Conference Chairs’ Welcome
8:45-9:45 a.m.
Plenary Session
Judges’ Roundtable: Selected Current Topics
Hon. Shelley C. Chapman
U.S. Bankruptcy Court (S.D.N.Y.)
Hon. Carla E. Craig
U.S. Bankruptcy Court (E.D.N.Y.)
Hon. James A. Garrity
U.S. Bankruptcy Court (S.D.N.Y.)
Hon. Sean H. Lane
U.S. Bankruptcy Court (S.D.N.Y.)
Hon. Cecelia Morris
U.S. Bankruptcy Court (S.D.N.Y.)
Hon. Brendan L. Shannon
U.S. Bankruptcy Court (D. Del.)
Hon. Michael A. Wiles
U.S. Bankruptcy Court (S.D.N.Y.)
9:45-10:00 a.m.
Refreshment Break
Sponsored by EisnerAmper LLP
10:00-11:15 a.m.
Concurrent Sessions (6)
Puerto Rico
This session will feature an update on the current state of the distress in Puerto Rico, including PROMESA and related litigation, and other developments.
Esben Christensen, Moderator
AlixPartners LLP
Dennis F. Dunne
Milbank, Tweed, Hadley & McCloy LLP
Susheel Kirpalani
Quinn Emanuel Urquhart & Sullivan, LLP
Hon. Arthur J. Gonzalez (ret.)
New York University School of Law
Deconstructing EFH
The panelists will discuss the various issues that have been raised in the Energy Future Holdings bankruptcy, including make-wholes, the unimpairment opinion, the pre-plan settlement appeal, and interaction with state regulators and the bankruptcy court.
Andrew V. Tenzer, Moderator
Paul Hastings LLP
Marc J. Heimowitz
Coda Advisory Group
Brian S. Hermann
Paul, Weiss, Rifkind, Wharton & Garrison LLP
Barbra R. Parlin
Holland & Knight LLP
Hon. Michael A. Wiles
U.S. Bankruptcy Court (S.D.N.Y.)
Health Care and Education
The panelists will delve into the various issues looming over the health care and education industries, including (1) the potential changes in policy under the Trump administration, (2) overleveraged institutions and (3) the differing issues facing the for-profit and nonprofit sectors.
Jeffrey S. Sabin, Moderator
Venable LLP
Maria DiConza
Greenberg Traurig, LLP
Frank A. Oswald
Togut, Segal & Segal LLP
Kasey Rosado
Ankura Consulting
Hon. Sean H. Lane
U.S. Bankruptcy Court (S.D.N.Y.)
William J. Nolan
FTI Consulting, Inc.
Practical Issues in Corporate Governance Before, During and Upon Emergence from Chapter 11
This panel will cover a number of issues in the corporate sphere, including (1) issues that arise when negotiating or litigating with a challenging board of directors, especially those containing directors who were appointed by a controlling shareholder; (2) how to make sure that management plays the role of neutral stakeholder throughout the plan and/or § 363 process (i.e., compensation, assumption of employment contracts, assumption or rejection of benefit plans, treatment of special supplier and customer relationships, fringe benefits and filing of proofs of claim, among others); and (3) things of which new shareholders need to be mindful (e.g., board composition, independence and observer rights, management, MIP, KEIPs/KERPs, CoC/severance, antitrust issues, public vs. private emergence and structuring the exit (e.g., how much debt?)).
Kristopher M. Hansen, Moderator
Stroock & Stroock & Lavan LLP
Paul M. Basta
Kirkland & Ellis LLP
Michael Genereux
PJT Partners Inc.
Hon. James A. Garrity
U.S. Bankruptcy Court (S.D.N.Y.)
LLC Bankruptcies
This panel will focus on issues that can arise during an LLC bankruptcy, such as what happens when parties contract out of fiduciary duties and the effect that bankruptcy has on key provisions in an LLC operating agreement, including management and ownership rights and remedies, as well as what happens when a bankruptcy proceeding is initiated against the LLC or one or more of its members. The panel will also discuss Intervention Energy and Lake Michigan, in which the bankruptcy courts refused to enforce LLC agreement provisions requiring the respective LLCs to obtain the unanimous consent of their members in order to seek bankruptcy relief.
Alec P. Ostrow, Moderator
Becker, Glynn, Muffly, Chasin & Hosinski LLP
Ira L. Herman
Blank Rome LLP
Michelle M. McGreal
Davis Polk & Wardwell LLP
Hon. Robert E. Grossman
U.S. Bankruptcy Court (E.D.N.Y.)
Cross-Border Panel
This panel will discuss the domestic reach of the foreign stay (Sanjel) and recognition of judgments/rulings in cross-border cases, including offshore bankruptcies, as well as non-U.S. companies filing for chapter 11 and the consequences thereof (Ocean Fisheries, Hanjin and Abengoa)
Lisa M. Schweitzer, Moderator
Cleary Gottlieb Steen & Hamilton LLP
David Hilty
Houlihan Lokey
Daniel A. Lowenthal
Patterson Belknap Webb & Tyler LLP
Hon. Martin Glenn
U.S. Bankruptcy Court (S.D.N.Y.)
11:15-11:30 a.m..
Refreshment Break
11:30 a.m.-12:45 p.m.
Repeat Concurrent Sessions (6)
Puerto Rico
Esben Christensen, Moderator
AlixPartners LLP
Richard Cooper
Cleary, Gottlieb, Steen & Hamilton LLP
Richard G. Mason
Wachtell, Lipton, Rosen & Katz
Hon. Arthur J. Gonzalez (ret.)
New York University School of Law
Deconstructing EFH
Andrew V. Tenzer, Moderator
Paul Hastings LLP
Rachel Jaffe Mauceri
Morgan, Lewis & Bockius LLP
David W. Prager
Goldin Associates, LLC
Roger G. Schwartz
Latham & Watkins LLP
Hon. Michael A. Wiles
U.S. Bankruptcy Court (S.D.N.Y.)
Health Care and Education
Jeffrey S. Sabin, Moderator
Venable LLP
Corey Boles
Elliott Management Corp.
Sandeep Qusba
Simpson Thacher & Bartlett LLP
Kasey Rosado
Ankura Consulting
Hon. Sean H. Lane
U.S. Bankruptcy Court (S.D.N.Y.)
William J. Nolan
FTI Consulting, Inc.
Practical Issues in Corporate Governance Before, During and Upon Emergence from Chapter 11
Kristopher M. Hansen, Moderator
Stroock & Stroock & Lavan LLP
Lisa G. Beckerman
Akin Gump Strauss Hauer & Feld LLP
Kenneth S. Ziman
Lazard
Hon. Brendan L. Shannon
U.S. Bankruptcy Court (D. Del.)
LLC Bankruptcies
Alec P. Ostrow, Moderator
Becker, Glynn, Muffly, Chasin & Hosinski LLP
Arthur J. Steinberg
King & Spalding
Natasha Labovitz
Debevoise & Plimpton LLP
Hon. Robert E. Grossman
U.S. Bankruptcy Court (E.D.N.Y.)
Cross-Border Panel
Lisa M. Schweitzer, Moderator
Cleary Gottlieb Steen & Hamilton LLP
Evan C. Hollander
Orrick
Keith R. Murphy
BakerHostetler
Hon. Martin Glenn
U.S. Bankruptcy Court (S.D.N.Y.)
12:45-2:15 p.m.
Buffet Lunch
Sponsored by Grant Thornton LLP
2:15-2:45 p.m.
Plenary Session
Averting the Next Financial Crisis: Recapitalizing the Failing SIFI
This luncheon presentation will discuss changes in systemically important financial institutions (SIFIs) since the fall of Lehman Brothers and passage of the Dodd-Frank Act, the Orderly Liquidation Authority, living wills under the Bankruptcy Code, coordination among global regulators, mandated amendments to financial contracts, proposed amendments to the Bankruptcy Code (chapter 14) and the impact of the U.S. election.
Donald Scott Bernstein
Davis Polk & Wardwell LLP
2:45-4:00 p.m.
Concurrent Sessions (6)
Bankruptcy Litigation
This panel will present a fraudulent transfer update and discussion regarding the split over § 546(e) safe harbors (Physiotherapy, Tribune, Madoff, Meritt Management), 10-year reach-back periods (Kipnis), the reinstatement of unsecured creditors’ intentional fraudulent conveyance claims and the ruling that the intent of the CEO can be imputed to the company (Lyondell), the finding that substantive consolidation does not augment the trustee’s § 544(b) avoiding powers by allowing the trustee to rely on predicate creditors from another estate (Petters), and the ruling that access to a credit line rebuts unreasonably small capital claims (SemCrude). The session will also feature an update on the Trust Indenture Act, including discussion of the recent Second Circuit decision in Chesapeake Energy and its implications regarding the finality of bankruptcy court orders, and an update on the litigation of feasibility issues (Paragon).
Philip Bentley, Moderator
Kramer Levin Naftalis & Frankel LLP
David M. Hillman
Schulte Roth & Zabel LLP
Marc D. Puntus
Centerview Partners Holdings LP
Dr. Faten Sabry
NERA Economic Consulting
Hon. Carla E. Craig
U.S. Bankruptcy Court (E.D.N.Y.)
Liquidating In and Out of Chapter 11
This session will discuss (1) selecting a trust, LLC, plan administrator or other vehicle; (2) ensuring that affirmative claims are preserved post-confirmation; (c) establishing a value/tax basis in litigation claims and other assets transferred to a trust or LLC; (d) key plan provisions such as preserving 2004 discovery rights, creditor oversight, continuing court oversight, required reporting and the retention/transfer of the attorney/client privilege; (e) the trading of interests; (f) provisions for closing the case; and (g) structured dismissals following asset sales as an alternative to a liquidating plan (Jevic). Is it preferable to liquidate outside of chapter 11?
Kathryn A. Coleman, Moderator
Hughes Hubbard & Reed LLP
William A. (Bill) Brandt, Jr.
Development Specialists, Inc.
Dion W. Hayes
McGuireWoods LLP
Jeff Pomerantz
Pachulski Stang Ziehl & Jones LLP
Hon. Louis A. Scarcella
U.S. Bankruptcy Court (E.D.N.Y.)
Equitable Mootness
This session will focus on the current state of the doctrine and recent criticisms, especially from the Third Circuit (Philadelphia Newspapers, SemCrude, One2One Communications), and its applications (City of Detroit (invoking the doctrine to reject the attempted restoration of pension benefits in the city’s bankruptcy)).
Michael Luskin, Moderator
Luskin, Stern & Eisler LLP
Sharon L. Levine
Saul Ewing LLP
Hon. Mary Kay Vyskocil
U.S. Bankruptcy Court (S.D.N.Y.)
Greg W. Fox
Goodwin Procter LLP
Current Issues in the Energy Sector
This panel will discuss current trends in energy, from gas production to the coal market to alternative forms. What will the industry look like 10 years from now? Do we need coal? Updates of current markets, as well as recent bankruptcy cases and issues, will be addressed, including the rejection of gathering agreements and the upward trend in requests for equity committees in commodity cases (Breitburn, Penn Virginia, Energy XXI, Horsehead, SandRidge, C&J, Peabody).
John D. Penn, Moderator
Perkins Coie LLP
Mark Chesen
SSG Capital Advisors, LLC
Hon. Kevin Carey
U.S. Bankruptcy Court, District of Delaware
Hon. Shelley C. Chapman
U.S. Bankruptcy Court (S.D.N.Y.)
Hank Flores
Haynes and Boone LLP
What’s Wrong with Chapter 11?
This panel will visit controlling the time and expense of bankruptcy litigation; how bankruptcy’s Code, Rules and process affect the relationship between the parties’ incentives and duties to their constituencies; the continuing viability of unsecured creditors’ committees; claims trading and the increased role of hedge funds in chapter 11 cases; and other topics covered in the Final Report of the ABI Commission to Study the Reform of Chapter 11.
Brett H. Miller, Moderator
Morrison & Foerster LLP
Matt Feldman
Willkie Farr & Gallagher LLP
Daniel B. Kamensky
Marble Ridge Capital
Paul D. Leake
Skadden, Arps, Slate, Meagher & Flom LLP
Hon. Robert D. Drain
U.S. Bankruptcy Court (S.D.N.Y.)
Ethics Panel
What are bankruptcy crimes, what are the duties of the various parties in a case to investigate and report them, and what are the protections for those who do? The panelists will discuss actual-intent fraudulent transfers and the crime/fraud exception; recent cases suggest that a “fraud” that may trigger the crime/fraud exception to attorney/client privilege and that the work-product doctrine may not be limited to crimes and serious frauds, but rather may include transactions exhibiting only some “badges of fraud,” such as fraudulent transfers (Fragin, Husky International).
Deirdre A. McGuinness, Moderator
Epiq Systems, Inc.
Edward S. Weisfelner
Brown Rudnick LLP
Jonathan L. Flaxer
Golenbock Eiseman Assor Bell & Peskoe LLP
Hon. Elizabeth S. Stong
U.S. Bankruptcy Court (E.D.N.Y.)
4:00-4:30 p.m.
Refreshment Break
4:30-5:45 p.m.
Repeat Concurrent Sessions (6)
Bankruptcy Litigation
Philip Bentley, Moderator
Kramer Levin Naftalis & Frankel LLP
Hon. Melanie L. Cyganowski (ret.)
Otterbourg P.C.
Mark P. Kronfeld
Tennenbaum Capital Partners, LLC
Hon. Carla E. Craig
U.S. Bankruptcy Court (E.D.N.Y.)
Liquidating In and Out of Chapter 11
Kathryn A. Coleman, Moderator
Hughes Hubbard & Reed LLP
David I. Pauker
Jeff Pomerantz
Pachulski Stang Ziehl & Jones LLP
Hon. Louis A. Scarcella
U.S. Bankruptcy Court (E.D.N.Y.)
Equitable Mootness
Michael Luskin, Moderator
Luskin, Stern & Eisler LLP
Martin J. Bienenstock
Proskauer
Jennifer L. Rodburg
Fried, Frank, Harris, Shriver & Jacobson LLP
Hon. Mary Kay Vyskocil
U.S. Bankruptcy Court (S.D.N.Y.)
Current Issues in the Energy Sector
John D. Penn, Moderator
Perkins Coie LLP
Ray C. Schrock
Weil, Gotshal & Manges LLP
David V. Rush
FTI Consulting, Inc.
Hon. Kevin Carey
U.S. Bankruptcy Court, District of Delaware
Hon. Shelley C. Chapman
U.S. Bankruptcy Court (S.D.N.Y.)
What’s Wrong with Chapter 11?
Brett H. Miller, Moderator
Morrison & Foerster LLP
Peter Goodman
Baker McKenzie LLP
William H. Henrich
Getzler Henrich & Associates LLC
Richard B. Levin
Jenner & Block LLP
Hon. Robert D. Drain
U.S. Bankruptcy Court (S.D.N.Y.)
Ethics Panel
Deirdre A. McGuinness, Moderator
Epiq Systems, Inc.
Marc E. Hirschfield
Royer Cooper Cohen Braunfeld LLC
Michael P. Richman
Hunton & Williams LLP
Hon. Alan S. Trust
U.S. Bankruptcy Court (E.D.N.Y.)
5:45 p.m.
Adjourn
5:45-7:15 p.m.
Networking Reception (open to all attendees!)
Sponsored by NERA Economic Consulting
Conference Chairs
Hon. Shelley C. Chapman, Judicial Chair
U.S. Bankruptcy Court (S.D.N.Y.)
Timothy Graulich, Co-Chair
Davis Polk & Wardwell LLP
Sean A. Gumbs, Co-Chair
FTI Consulting, Inc.
Conference Advisory Board
Elizabeth Abrams
Millstein & Co., L.P.
Paul M. Basta
Kirkland & Ellis LLP
Lisa G. Beckerman
Akin Gump Strauss Hauer & Feld LLP
Philip Bentley
Kramer Levin Naftalis & Frankel LLP
Martin J. Bienenstock
Proskauer
Ronen A. Bojmel
Guggenheim Securities, LLC
William A. Brandt, Jr.
Development Specialists, Inc.
Mark A. Broude
Latham & Watkins LLP
Kathryn A. Coleman
Hughes Hubbard & Reed LLP
Hon. Melanie L. Cyganowski (ret.)
Otterbourg P.C.
Debra A. Dandeneau
Baker & McKenzie LLP
George A. Davis
O'Melveny & Myers LLP
Dennis F. Dunne
Milbank, Tweed, Hadley & McCloy LLP
Daniel J. Ehrmann
King Street Capital Managementt, L.P
Jonathan L. Flaxer
Golenbock Eiseman Assor Bell & Peskoe LLP
Henry Flores
Haynes and Boone LLP
Michael Genereux
PJT Partners Inc.
Jonathan E. Goldin
Goldin Associates, LLC
Kristopher M. Hansen
Stroock & Stroock & Lavan LLP
Dion W.Hayes
McGuireWoods LLP
Marc J. Heimowitz
Coda Advisory Group
William H. Henrich
Getzler Henrich & Associates LLC
Ira L. Herman
Blank Rome LLP
David M. Hillman
Schulte Roth & Zabel LLP
David Hilty
Houlihan Lokey
Marc E. Hirschfield
Royer Cooper Cohen Braunfeld LLC
Evan C. Hollander
Orrick, Herrington & Sutcliffe LLP
Zul Jamal
Moelis & Company
Daniel B. Kamensky
Marble Ridge Capital LP
Robin E. Keller
Hogan Lovells US LLP
Susheel Kirpalani
Quinn Emanuel Urquhart & Sullivan, LLP
Alex Klipper
Bank of America
Alan W. Kornberg
Paul, Weiss, Rifkind, Wharton & Garrison LLP
Mark P. Kronfeld
Tennenbaum Capital Partners, LLC
Kenneth M. Krys
KRyS Global
Paul D. Leake
Skadden, Arps, Slate, Meagher & Flom LLP
Ivan Lehon
EY
Richard B. Levin
Jenner & Block LLP
Sharon Levine
Saul Ewing LLP
Daniel A. Lowenthal
Patterson Belknap Webb & Tyler LLP
Michael Luskin
Luskin, Stern & Eisler LLP
Richard G. Mason
Wachtell, Lipton, Rosen & Katz
Deirdre Martini McGuinness
Epiq Systems, Inc.
Vivek Melwani
Centerbridge Partners, L.P.
Brett H. Miller
Morrison & Foerster LLP
Nancy A. Mitchell
Greenberg Traurig, LLP
Alec P. Ostrow
Becker, Glynn, Muffly, Chassin & Hosinski LLP
Barbra R. Parlin
Holland & Knight LLP
David I. Pauker
John D. Penn
Perkins Coie LLP
Irving H. Picard
BakerHostetler
David M. Posner
Kilpatrick Townsend & Stockton LLP
Madlyn G. Primoff
Arnold & Porter Kaye Scholer LLP
Marc D. Puntus
Centerview Partners LLC
Sandeep Qusba
Simpson Thacher & Bartlett LLP
Steven J. Reisman
Curtis, Mallet-Prevost, Colt & Mosle LLP
Michael P. Richman
Hunton & Williams LLP
Deborah C. Rieger-Paganis
AlixPartners, LLP
Jeffrey S. Sabin
Venable LLP
Cherie Schaible
Ankura Consulting
Brad E. Scheler
Fried, Frank, Harris, Shriver & Jacobson LLP
Ray C. Schrock
Weil, Gotshal & Manges LLP
Lisa M. Schweitzer
Cleary Gottlieb Steen & Hamilton LLP
Glenn E. Siegel
Morgan, Lewis & Bockius LLP
Arthur J. Steinberg
King & Spalding
Rachel C. Strickland
Willkie Farr & Gallagher LLP
Leon Szlezinger
Jefferies LLC
Andrew V. Tenzer
Paul Hastings LLP
My Chi To
Debevoise & Plimpton LLP
Albert J. Togut
Togut, Segal & Segal LLP
Brian Trust
Mayer Brown LLP
J. Scott Victor
SSG Capital Advisors, LLC
William P. Weintraub
Goodwin Procter LLP
Edward S. Weisfelner
Brown Rudnick LLP
John W. Weiss
Alston & Bird LLP
Kenneth S. Ziman
Lazard
Paul H. Zumbro
Cravath, Swaine & Moore LLP
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 $429 single/double per night from May 16-17, 2017, at the New York Hilton Midtown (reservations must be made by April 17, 2017, 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 Attire
Professional business attire is requested throughout the conference.
Continuing Education Credit
6.5 hours of CLE credit, including 1.25 hours of ethics, are pending in states calculating CLE on a 60-minute hour, and 7.5 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 7.5 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 6.5 hours, of which 1.25 hours will apply to ethics. 7.5 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 course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website, www.nasbaregistry.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].
Cancellation Policy
All fees, except a $75 handling fee, will be refunded if written notice of cancellation is received by April 27, 2017. No refunds will be granted after April 27, although substitutions will be allowed. After April 27, 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.
New York City Bankruptcy Conference Sponsors |
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Akin Gump Strauss Hauer & Feld LLP |
King Street Capital Management, LP Kirkland & Ellis LLP |
Conference Rates
Registration Rates |
Early |
Regular |
Late |
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ABI Member | $575 | $675 | $775 |
Join ABI and Save!* | $870 | $970 | $1,070 |
Non-Member (NEW this year; ABI membership not required) | $1,070 | $1,170 | $1,270 |
Gov’t./Aca./Nonprofit ABI Member |
$350 | $375 | $425 |
Gov’t./Aca./Nonprofit New ABI Member* |
$445 | $470 | $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 $325 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 Rates
ABI Member Exhibitor**:
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$1,600
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ABI Member Secondary Exhibitor:
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$500
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New ABI Member Exhibitor***:
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$1,895
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New ABI Member Secondary Exhibitor***:
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$750
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** 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 $325 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.