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Event Information 267570

Wednesday, November 7

8:15-9:00 a.m.

Registration and Coffee/Tea

9:00-9:15 a.m.

Welcome by Conference Leadership

9:15-10:30 a.m.

Claims Trading in a Cross-Border World

Purchasing claims has become more and more prevalent with creditors receiving almost daily offers from various investor parties. The concentration of claims can lead to control blocks as claims traders have different interest than trade creditors, more akin to debenture or bond holders. Starting with the concentration of claims in Eatons way back completely changed the reorganization and arguably resulted in the ultimate failure of the company. How does claims trading work in the more uncertain climate of retail bankruptcies where the reorganization or liquidation of the company is not known for several months? Claims trading is also an issue in the Woodbridge bankruptcy case in Delaware regarding whether the Debtor can be compelled to consent to a transfer of a purchased claim.

Paul Berg

Argo Partners, Inc.; New York

Stuart Brotman

Fasken Martineau DuMoulin LLP; Toronto, ON

Natasha Tsiouris

Davis Polk & Wardwell LLP; New York

Bradley D. Sharp

Development Specialists, Inc.; Los Angeles

10:30-10:45 a.m.

Networking Break

Sponsored by Proskauer

10:45-11:45 a.m.

Retail Without Borders

It seems every few weeks there is an announcement of another majo retailer filing Chapter 11, including some iconic claims. Frequently, the insolvency involves cross-border aspects and retail operations in Canada. From the initial filing decision--is there a “full blown” or ancillary proceeding in Canada--through to the end result whether it be by way of plan or liquidation there is the need to co-ordinate the cross-border proceedings. Debtor counsel, advisors and stakeholder counsel to discuss some of these issues in the context of recent filings and whether a reorganization of a large retailer is even possible in today’s. We will consider the recent World Importers decision on 503(b)(9) claims issued by the Third Circuit and the impact on debtors and the expanding scope of critical vendor orders to pay certain, but not all, of prepetition suppliers.

Sam J. Alberts

Dentons US LLP; Alexandria, VA

Alex L. MacFarlane

Borden Ladner Gervais LLP; Toronto, ON

Kyle James Ortiz

Togut, Segal & Segal LLP; New York

William P. Weintraub

Goodwin Procter LLP; New York

11:45 a.m.-1:30 p.m.

Networking Lunch

Sponsored by Deloitte CRG and EisnerAmper LLP

1:30-2:45 p.m.

The Cryptocurrency Craze

The use of cryptocurrencies are becoming more prevalent throughout the world. During the early days of Bitcoin there was a relative absence of regulation or control by governments since there is no central issuing authority. Given the increasing use of cryptocurrencies, as well as the increased hacking of these currencies and bankruptcies of cryptocurrency firms, bankruptcy courts will likely have to weigh in on the various property rights of crypto companies. In the recent case of Hashfast Technologies LLC v. Lowe (In re Hashfest Technologies) (Bankr. N.D. Cal. February 22, 2016), Judge Montali authored one of the first reported decisions in this area. Whether cryptocurrencies constitute a commodity, currency or general intangible is critical for purposes of avoidance action recovery. How cryptocurrencies are viewed in international jurisdictions may differ depending on the property right that the court assigns to them and whether or not those property rights are subject to claw back by bankruptcy companies. A recent IRS ruling stated that bitcoins are “property”, not currency. Judge Montali also concluded that bitcoins are not currency.

Rafael X. Zahralddin-Aravena, Moderator

Elliott Greenleaf; Wilmington

Eric S. Rein

Horwood Marcus & Berk Chartered; Chicago

David J. Molton

Brown Rudnick LLP; New York

Erin J. Illman

Bradley Arant Boult Cummings LLP;

2:45-3:00 p.m.

Networking Break

Sponsored by Brown Rudnick LLP

3:00-4:30 p.m.

Restructuring: Thinking Globally

The U.S. economy may be booming, but how will tax cuts, tariffs levied against Canada and China, and a potential trade war affect professionals advising stakeholders and companies? East meets West on this panel of experts.

E. Patrick Shea, Moderator

Gowling WLG (Canada) LLP; Toronto, ON

Eduardo Guimarães Wanderley

BMA | Barbosa Müssnich Aragão; SÃO PAULO

Mark A. Russell

KSG Attorneys; Grand Cayman

Jane A. VanLare

Cleary, Gottlieb, Steen & Hamilton LLP; New York

4:30-6:30 p.m.

Networking Reception

Sponsored by Development Specialists, Inc.

 

Conference Rates

Registration Rates Early
(by 9/14/18)
Regular
(9/15/18-10/26/18)
Late
(after 10/26/18)

ABI Member
$395
$445
$495
Non-Member
$495
$545
$595

Conference Information

The conference will be held at the Tribeca Conference Room at Dentons US LLP, at 1221 Avenue of the Americas in Manhattan.

Continuing Education Credit*

5 hours of general CLE credit are pending in states calculating CLE on a 60-minute hour, and 6 hours of general CLE credit are pending in 50-minute-hour states. Credit hours granted are subject to approval from each state. California MCLE: ABI certifies that this activity has been approved for MCLE credit in the amount of 5 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 6 credit hours. 6 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 jguirguis@abiworld.org.

Cancellation Policy

All fees, except a $75 handling fee, will be refunded if written notice of cancellation is received by October 17, 2018. No refunds will be granted after October 17, but substitutions will be allowed. After October 17, 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.

Co-Chairs

Joshua M. Fried

Pachulski Stang Ziehl & Jones LLP; San Francisco, Cal.

E. Patrick Shea

Gowling WLG (Canada); Toronto

Advisory Board

James L.Bromley

Cleary Gottlieb Steen & Hamilton LLP; New York

Ken Coleman

Allen & Overy LLP; New York

Michael J. Epstein

Deloitte CRG, New York

Timothy Graulich

Davis Polk & Wardwell LLP; New York

Floris B. Iking

Alvarez & Marsal; Mexico City

Charles Johnson

Norton Rose Fulbright; São Paulo, Brazil

Paul J. Keenan, Jr.

Greenberg Traurig, LLP; Miami

Tanya Meerovich

FTI Consulting, Inc.; New York

Oksana Koltko Rosaluk

DLA Piper; Chicago

Allen D. Wilen

EisnerAmperLLP; Iselin, N.J.

Rafael X. Zahralddin-Aravena

Elliott Greenleaf; Wilmington, Del.

Partners

Sponsors

Dentons

“brownrudnick”Deloitte CRG Development Specialists, Inc. East West Bank EisnerAmper LLP Elliott Greenleaf FTI Consulting, Inc. Gavin/Solmonese LLCGowling WLG

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