7:30 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 Session

Judges’ 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 Issues

This 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 Caesars

What 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

How to Value Debt

Valuation 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 Litigation.

This 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 Confirmation.

The 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, what happens when the debtor is not required to pay the contractual rate of interest on unsecured notes (EFH), post-petition interest (what is the federal judgment 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 Consequences.

How 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 Break

Sponsored 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

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 Lunch

Sponsored by Grant Thornton LLP

1:30-2:30 p.m.

Plenary Panel 

How 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.

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 Restructurings

This session will cover why some out-of-court restructurings fail (EFIH, Walter) while others succeed, 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 Corporate Governance in Multi-Debtor Cases

This 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.)

Bankruptcy Litigation Panel

This 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

Phil Bentley

Kramer Levin Naftalis & Frankel LLP

Karin Scholz Jenson

Baker Hostetler 

Hon. Sean H. Lane

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

Flashpoints for Intercreditor Disputes

What 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 Sector

How 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 Professionals

How 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 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 Break

Sponsored by EisnerAmper LLP

4:30-5:45 p.m.

Repeat Concurrent Sessions (6)

Restructuring and Plan-Support Agreements, and Other Trends in 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 p.m.

Adjourn

5:45-7:15 p.m.

Networking Reception (open to all attendees!)