Wednesday, February 27
8:30-9:30 a.m.
Registration Desk Open and Continental Breakfast
9:30-10:00 a.m.
Welcome and Case Study Introduction
Experts will provide insight, practical advice and proposed solutions for the strategic decisions and negotiations that are part of the day-to-day reality of a restructuring and successful turnaround.
Kathryn A. Coleman
Hughes Hubbard & Reed LLP; New York
Michael Friedman
Chapman and Cutler LLP; New York
Eric J. Fromme
Theodora Oringher PC; Costa Mesa, Calif.
Stephen Spitzer
AlixPartners, LLP; New York
Wayne P. Weitz
Hammond Hanlon Camp LLC; New York
10:00-11:00 a.m.
Extending the Runway
Maintaining sufficient liquidity to fund operations is the key to keeping a company out of a chapter 11 process. The panelists will discuss the potential options available to a company to improve liquidity and extend the timeline for negotiations with creditors.
Stephen Spitzer, Moderator
AlixPartners, LLP; New York
Lorie R. Beers
Cowen and Company.; New York
Evan Blum
Alvarez & Marsal; New York
Robbin Itkin
DLA Piper; Los Angeles, Calif.
Richard E. Mikels
Pachulski Stang Ziehl & Jones LLP; Boston
Mark Podgainy
Getzler Henrich & Associates LLC; New York
11:00-11:10 a.m.
Break
11:10 a.m.-12:10 p.m.
Why Can't We All Agree? Different Parties, Different Valuations
Even outside of a chapter 11 process, valuation fights can still impact a companies ability to restructure its debt. Panelists will talk about the different viewpoints of the creditor constituencies and techniques to try to develop consensus.
Wayne P. Weitz, Moderator
Hammond Hanlon Camp LLC; New York
James Katchadurian
CR3 Partners, LLC; Goldens Bridge
Jeffrey C. Krause
Gibson, Dunn & Crutcher LLP; Encino, Calif.
Adam Pilchman
PJT Partners; New York
Allen D. Wilen
EisnerAmper LLP; Iselin, N.J.
Christopher K. Wu
Teneo Restructuring; New York
12:10-1:40 p.m.
Working Lunch: Negotiations of 'Case A'
Attendees will be divided into four constituencies. VALCON case study authors, together with CFRP faculty members, will meet with the various groups and facilitate the discussion.
1:40-1:50 p.m.
Break
1:50-2:50 p.m.
Fiduciary Obligations and Considerations for Directors
When companies become distressed, the fiduciary obligations for the Directors and Officers can change. This panel will discuss what signs of distress to look for and what advice should be given to clients.
Eric J. Fromme, Moderator
Theodora Oringher PC; Costa Mesa, Calif.
Derek C. Abbott
Morris, Nichols, Arsht & Tunnell LLP; Wilmington, Del.
James S. Feltman
Duff & Phelps, LLC; Miami Lakes, Fla.
Rocky Ho
EY; San Francisco, Calif.
Paul D. Leake
Skadden, Arps, Slate, Meagher & Flom LLP; New York
Ross Waetzman
Gavin/Solmonese LLC; Wilmington, Del.
2:50-3:50 p.m.
Bringing the Holdouts to the Table
Though chapter 11 is an effective tool to bind lenders to a transaction, it is not the only option available to advisors. The panelist will discuss strategies to bring holdouts to the table to negotiate a consensual deal so that a chapter 11 filing can be avoided.
Kathryn A. Coleman
Hughes Hubbard & Reed LLP; New York
David Herman
Gordian Group, LLC; New York
Elizabeth R. McColm
Paul, Weiss, Rifkind, Wharton & Garrison LLP; New York
Nancy A. Peterman
Greenberg Traurig, LLP; Chicago
Christine Pirro
Kirkland & Ellis LLP
Nicholas Rubin
Force10 Partners
Michael B. Schaedle
Blank Rome LLP; Philadelphia
3:50-4:00 p.m.
Break and Transition to VALCON 2019 Joint Session
4:00-5:30 p.m.
Case Study in Conjunction with VALCON 2019: Valuing and Restructuring Distressed Companies in the Face of Financial and Operational Headwinds
5:30-6:30 p.m.
Opening Networking Reception with the Participants of VALCON 2019
Join us for drinks and hors d’oeuvres with faculty and participants.
Co-Chairs
Kathryn A. Coleman
Hughes Hubbard & Reed LLP; New York
Eric J. Fromme
Theodora Oringher PC; Costa Mesa, Calif.
Stephen Spitzer
AlixPartners, LLP; New York
Wayne P. Weitz
Hammond Hanlon Camp LLC; New York
Faculty
Derek C. Abbott
Morris, Nichols, Arsht & Tunnell LLP; Wilmington, Del.
Lorie R. Beers
Cowen and Company.; New York
Evan Blum
Alvarez & Marsal; New York
James S. Feltman
Duff & Phelps, LLC; Miami Lakes, Fla.
David Herman
Gordian Group, LLC; New York
Rocky Ho
EY; San Francisco, Calif.
Robbin Itkin
DLA Piper; Los Angeles, Calif.
James A. Katchadurian
CR3 Partners, LLC; Golden Bridge, NY
Jeffrey C. Krause
Gibson, Dunn & Crutcher LLP; Encino, Cal.
Paul D. Leake
Skadden, Arps, Slate, Meagher & Flom LLP; New York
Nicholas P. Leone
PJT Partners; New York
Elizabeth R. McColm
Paul, Weiss, Rifkind, Wharton & Garrison LLP; New York
Richard E. Mikels
Pachulski Stang Ziehl & Jones LLP; Boston
Nancy A. Peterman
Greenberg Traurig, LLP; Chicago
Christine F. Pirro
Kirkland & Ellis LLP; New York
Mark Podgainy
Getzler Henrich & Associates LLC; New York
Nicholas Rubin
Force10 Partners; Newport Beach, Cal.
Michael B. Schaedle
Blank Rome LLP; Philadelphia
Ross Waetzman
Gavin/Solmonese LLC; Wilmington, Del.
Allen D. Wilen
EisnerAmper LLP; Iselin, N.J.
Christopher K. Wu
Teneo Restructuring; New York
Conference Information
Hotel
The Four Seasons Las Vegas is a sanctuary from the bright lights of the dazzling Las Vegas Strip, all located on the 35th to 39th floors of the Mandalay Bay Resort & Casino tower — ensuring a more intimate atmosphere and attentive personal service. ABI has arranged a special conference rate of $249 per night from February 26-March 1, 2019. Reservations must be made directly with the hotel prior to January 25, 2019, to take advantage of the special conference rate. In order to be eligible for the group rate, reservations may be made only once you have registered with ABI. Upon payment of the conference registration fees, you will receive hotel reservation information with your conference confirmation. Rooms are held on a first-come, first-served basis. ABI cannot guarantee any rooms after the specially rated block is filled.
Travel
Air: Fly into McCarran International Airport (LAS).
Ground: Avis car rental discounts are available using Avis Worldwide discount number (J789009). Call (800) 331-1600, or book online at www.avis.com.
Conference Attire
Attire is business casual throughout the conference.
Cancellation Policy
All fees, except a $75 handling fee, will be refunded if written notice of cancellation is received by February 6, 2019. No refunds will be granted after February 6, but substitutions will be allowed. After February 6, upon written request, a coupon for 20% off the registration fee (not including optional events) will be issued, which can be used (by the cancelling registrant only) for any ABI educational program up to one year after this conference, or for this same conference next year.
Continuing Education
6.75 hours of general CLE credit are pending in states calculating CLE on a 60-minute hour, and 8.1 hours of general CLE credit are pending in 50-minute-hour states. Credit hours granted are subject to each state’s CLE credit-approval regulations and might not be approved prior to the program. California MCLE: ABI certifies that this activity has been approved for MCLE credit in the amount of 6.75 hours. 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. 8 hours of CPE credit are also available.
* ABI offers intermediate-level courses, which assume that attendees will have at least some detailed knowledge of 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 submitted to the National Registry of CPE Sponsors through its website, www.nasbaregistry.org.
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, send an e-mail to [email protected].
CFRP 2019 Registration Rates
Registration Rates |
|
Regular |
Late |
|
|||
ABI Member | $595 | $645 | |
Gov't./Aca./Nonprofit ABI Member | $395 | $445 | |
Join and Save* | $890 | $940 | |
New Gov't./Aca./Nonprofit ABI Member* |
$490 | $540 |
*Includes a one-year ABI membership for first-time members only — a $325 value! You must be an ABI member to attend. Membership is individual and nonrefundable. If your ABI membership has expired, select the member rate and add in your ABI membership renewal fee.
VALCON 2019 & CFRP 2019 Joint Registration Rates
Registration Rates |
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Regular |
Late |
|
|||
ABI/AIRA Member | $1075 | $1,125 | |
Gov't./Aca./Nonprofit ABI/AIRA Member | $600 | $650 | |
New ABI/AIRA Member* | $1,400 | $1,450 | |
New Gov't./Aca./Nonprofit ABI/AIRA Member* |
$695 | $745 |
*Includes a one-year ABI and AIRA membership for first-time members only — a $620 value! You must be an ABI or AIRA member to attend. Membership is individual and nonrefundable. If your ABI membership has expired, select the member rate and add in your ABI membership renewal fee.