Help Center

Attorneys and Advisors for All of Us: Representation of Directors and Managers in the Sale of Debtor Assets

Hosted by the Asset Sales and the Financial Advisors & Investment Banking Committees

This panel focuses their discussion on the need for disinterested independent directors to employ their own counsel/FAs/IBs in connection with the sale of assets. The main topic will be based on the facts in the Toys “R” Us case, where six groups of independent managers and directors have their own separate counsel and advisors. The panelists believe that similar facts exist in other recent cases, and more cases will reflect this in the future. The panel will discuss such topics as the need for this type of representation, the costs associated and how such costs are accounted for in the case, and what other legal and ethical implications all of this can have on the sale of a debtor’s assets.

Winter Leadership Conference
2018
Materials Year: 
Bankruptcy Rules: 
Please sign in to access Materials or click here to join ABI.