Help Center
MENU

Sessions

Event Information 281548

Wednesday, February 26

9:30 a.m.-3:45 p.m.

Complex Financial Restructuring Program at VALCON*

*Add-on at registration

2:00 p.m.

VALCON 2020 Registration Opens

3:30-3:40 p.m.

VALCON 2020 Welcoming Remarks

3:40-4:00 p.m.

VALCON 2020 Case Study Cram Session

4:00-5:30 p.m. (1.50 hrs.)

Case Study in Conjunction with the 2020 Complex Financial Restructuring Program: The Challenges in Valuing and Restructuring Distressed Continuing Care Retirement Facilities (CCRCs)

This panel will use a case study approach and mock negotiations to work through restructuring options for a financially distressed continuing care retirement facility (CCRC). The case focuses on issues related to valuation, regulatory constraints, refund obligations, and the legal rights and remedies of the company and its creditors.

Michael Friedman, Moderator

Chapman and Cutler LLP; New York

Larry G. Halperin

Chapman and Cutler LLP; New York

Prof. C. Randel Lewis

University of Denver Daniels College of Business; Denver

Prof. David C. Smith

University of Virginia McIntire School of Commerce; Charlottesville, Va.

5:30-6:30 p.m.

Opening Networking Reception with the Participants of the 2020 Complex Financial Restructuring Program

Join us for drinks and hors d’oeuvres with faculty and participants.

Thursday, February 27

8:00-9:00 a.m.

Registration and Networking Breakfast

9:00-9:10 a.m.

Welcome & Opening Remarks

9:10-10:25 a.m. (1.25 hrs.)

Hot Topics in Valuation

Valuation is at the center of the vast majority of bankruptcy proceedings and litigation. This panel will discuss several highly contested issues, including valuation inputs, which are based on professional judgment, challenging market-based evidence, the role of hindsight in valuation, and tax attributes and the tax reform law as valuation’s X-factor.

Prof. Israel Shaked, Moderator

Boston University/The Michel-Shaked Group; Boston

David M. Hillman

Proskauer; New York

Allen Pfeiffer

Duff & Phelps, LLC; New York

David T. Plastino

EY; Boston

10:25-10:45 a.m.

Coffee Break

10:45 a.m.-12:00 noon (1.25 hrs.)

Concurrent Sessions (2)

Valuation of Litigation Claims and Causes of Action in Bankruptcy

As more restructuring cases focus on litigation recoveries (the prosecution of pre-petition fraudulent-conveyance actions, breach-of-duty actions, etc.), recoveries to creditors are more driven than ever by the values realized through the prosecution (and/or settlement) of such actions. This panel will focus on how fund managers analyze these types of litigation, how professionals prosecute (and defend) these litigations, and the roles that financial advisors play in the same.

Andrew N. Goldman, Moderator

Wilmer Cutler Pickering Hale and Dorr LLP; New York

David M. Dunn

Cross Sound Management LLC; Wilton, Conn.

Craig A. Jacobson

GlassRatner Advisory & Capital Group LLC; New York

Sidney P. Levinson

Debevoise & Plimpton LLP; New York

Kenneth S. Ziman

Lazard; New York

The Latest Investment Banking, Turnaround and Legal Insights on Rapid Changes in Grocery Retail

This panel will discuss grocery retailers surviving the challenges from warehouse clubs, drug stores, convenience stores, online shopping and evolving consumer tastes, as well as the “meat and potatoes” of grocery valuation and when turnaround is possible. The panelists will also provide a “how-to guide” for vetting management’s business plans and selecting the correct alpha factor.

Anup Sathy, Moderator

Kirkland & Ellis LLP; Chicago

Stephen J. Antinelli

Rothschild & Co.; New York

Jeffrey J. Stegenga

Alvarez & Marsal; Dallas

12:00-12:30 p.m.

Luncheon

12:30-1:30 p.m. (1.00 hr.)

Luncheon Keynote Presentation

John “Jack” Wm. Butler, Jr.

Birch Lake Holdings, L.P.; Chicago

Hon. Kevin J. Carey (Ret.)

Hogan Lovells US LLP; Philadelphia

1:30-1:40 p.m.

Refreshment Break

1:40-2:55 p.m. (1.25 hrs.)

Concurrent Sessions (2)

Valuation of Intangible Assets and Non-Debt Liabilities

From patents and trademarks to pensions and OPEB, this panel will tackle balance-sheet items that often fall into the gray areas of restructuring valuation.

Matthew J. Hart, Moderator

Jefferies Financial Group Inc.; New York

Timothy Hoffmann

Jones Day; Chicago

Diana A. Hopkins

BDO Consulting; New York

Adam Ortega

Baker Tilly Virchow Krause, LLP; Chicago

Cross-Border Valuation Issues

Globalization and evolving insolvency regimes worldwide are continuing to drive interesting and novel valuation developments in cross-border restructuring cases. This session will discuss these issues and more.

James L. Bromley, Moderator

Sullivan & Cromwell LLP; New York

Ryan Preston Dahl

Weil, Gotshal & Manges LLP; New York

Michael O’Hara

PJT Partners Inc.; New York

Rebecca A. Roof

AlixPartners, LLP; Houston

2:55-3:00 p.m.

Break to Change Rooms

3:00-4:00 p.m. (1.00 hr.)

Diminution in Value Claims

During this session, the panel will focus on mechanisms for measuring diminution in value claims, with a focus on commodities — including recent E&P cases — and whether commodity fluctuation should be considered for purposes of weighing those claims.

Marti P. Murray, Moderator

The Brattle Group, Inc.; New York

Hon. Kevin J. Carey (Ret.)

Hogan Lovells US LLP; Philadelphia

Laureen M. Ryan

Alvarez & Marsal; New York

Mark A. Salzberg

Squire Patton Boggs; Washington, D.C.

Reid Snellenbarger

Houlihan Lokey; Chicago

4:00-4:15 p.m.

Refreshment Break

4:15-5:30 p.m. (1.25 hrs.)

Valuation Meets the Amazing Kreskin: Valuing Contingent Assets and Liabilities

Beyond Xonics and retrojection, this panel will explore techniques and legal theories for valuing contingent liabilities and assets when assessing insolvency as compared to GAAP and financial reporting rules.

Patricia B. Tomasco, Moderator

Quinn Emanuel Urquhart & Sullivan, LLP; Houston

Marc Brown

AlixPartners, LLP; Chicago

Alice B. Eaton

Paul, Weiss, Rifkind, Wharton & Garrison LLP; New York/p>

Perry Mandarino

B. Riley FBR, Inc.; New York

5:30-6:30 p.m.

Networking Reception

Join us for drinks and hors d’oeuvres with faculty and participants.

Friday, February 28

8:00-8:30 a.m.

Networking Breakfast

8:30-9:30 a.m. (1.00 hr.)

Financial Expert Depositions: The Dos, the Don’ts, and Everything in Between

Employing real-time deposition simulations, this distinguished and experienced panel will amplify the recurring tricks, trade and troubles that financial experts and counsel must confront in the preparation and defense of an expert’s opinion. The panel will focus on sophisticated preparation strategies, the importance and role of the expert report, and various tactics and strategies embraced by counsel in taking or defending an effective expert deposition. The panel will also explore the “rights” of an expert in a deposition that ranges from the mundane-but-necessary to the combative-if-not-outrageous.

Julia Frost-Davies

Morgan, Lewis & Bockius LLP; Boston

Elizabeth Carol Freeman

Jackson Walker; Houston

Yvette Austin Smith

The Brattle Group, Inc.; New York

Michael D. Warner

Cole Schotz P.C.; Fort Worth

9:30-9:45 a.m.

Coffee Break

9:45-10:45 a.m. (1.00 hr.)

Expert Pitfalls — and Ways to Avoid Them

After the analysis comes the hard part of being an expert: reports, depositions and testimony. Learn pro tips from some of the industry’s leading expert witnesses and litigators to ensure that your skills shine and you avoid potentially disastrous traps (or that you recover from them when they emerge).

William Q. Derrough

Moelis & Company; New York

Christopher J. Kearns

Berkeley Research Group, LLC; New York

Thomas J. Moloney

Cleary Gottlieb Steen & Hamilton LLP; New York

Dr. Faten Sabry

NERA Economic Consulting; New York

David M. Zensky

Akin Gump Strauss Hauer & Feld LLP; New York

10:45-11:45 a.m. (1.00 hr.)

Alix v. McKinsey: 2014 Issues and Ethics

Jordana L. Renert, Moderator

Arent Fox LLP; New York

Kathryn A. Coleman

Hughes Hubbard & Reed LLP; New York

Hon. Barbara J. Houser

U.S. Bankruptcy Court (N.D. Texas); Dallas

11:45 a.m.

Adjourn

 

Co-Chairs

Patricia B. Tomasco

Quinn Emanuel Urquhart & Sullivan, LLP; Houston

Jack F. Williams

Baker Tilly Virchow Krause, LLP; Atlanta

Advisory Board

Steven M. Abramowitz

Vinson & Elkins LLP; New York

George P. Angelich

Arent Fox LLP; New York

Lisa G. Beckerman

Akin Gump Strauss Hauer & Feld LLP; New York

John “Jack” Wm. Butler, Jr.

Birch Lake Holdings, L.P.; Chicago

R. Brian Calvert

Development Specialists, Inc.; Los Angeles

Sylvia Cho

Grant Thornton LLP; Chicago

Steven Cimalore

Wilmington Trust; Wilmington, Del.

Kathryn A. Coleman

Hughes Hubbard & Reed LLP; New York

Stephen B. Darr

Huron Consulting Group Inc.; Boston

Adam Dunayer

Houlihan Lokey; Dallas

Jeffrey R. Dunn

Berkeley Research Group, LLC; New York

Van C. Durrer, II

Skadden, Arps, Slate, Meagher & Flom LLP; Los Angeles

Leah M. Eisenberg

Foley & Lardner LLP; New York

Steven J. Fleming

PwC; New York

Gregory W. Fox

Goodwin Procter LLP; New York

Michael Friedman

Chapman and Cutler LLP; New York

Samuel J. Gerdano

American Bankruptcy Institute; Alexandria, Va.

Andrew N. Goldman

Wilmer Cutler Pickering Hale and Dorr LLP; New York

Matthew J. Hart

Jefferies LLC; New York

Bradley E. Henn

FTI Consulting, Inc.; New York

David M. Hillman

Proskauer; New York

Gary T. Holtzer

Weil, Gotshal & Manges LLP; New York

Diana A. Hopkins

BDO USA, LLP; New York

Laura Davis Jones

Pachulski Stang Ziehl & Jones LLP; Wilmington, Del.

Robert Jordan

KCC; New York

Adam B. Keil

Moelis & Company; New York

Paul D. Leake

Skadden, Arps, Slate, Meagher & Flom LLP; New York

Dustin Lough

CR3 Partners LLC; Charlotte, N.C.

Kenneth J. Malek

MalekRemian; Libertyville, Ill.

Rachel Jaffe Mauceri

Morgan, Lewis & Bockius LLP; Philadelphia

Deirdre A. McGuinness

Epiq; New York

Thomas A. Morrow

Association of Insolvency & Restructuring Advisors; Franklin, Mich.

Peter S. Partee

Hunton Andrews Kurth; New York

Allen Pfeiffer

Duff & Phelps, LLC; New York

David W. Prager

Goldin Associates, LLC: New York

Barry G. Radick

Alvarez & Marsal; New York

Richard Peil

GlassRatner Advisory & Capital Group LLC; Phoenix

Jeffrey N. Rothleder

Squire Patton Boggs; Washington, D.C.

Dr. Faten Sabry

NERA Economic Consulting; New York

Prof. Israel Shaked

Boston University/The Michel-Shaked Group; Boston

Robert J. Stark

Brown Rudnick LLP; New York

Thomas Studebaker

AlixPartners LLP; Boston

Ross Waetzman

Gavin/Solmonese LLC; Wilmington, Del.

Shai Y. Waisman

Prime Clerk; New York

Antony Walker

CohnReznick LLP; Dallas

Steven T. Waterman

Dorsey & Whitney LLP; Salt Lake City

Allen D. Wilen

EisnerAmper LLP; Iselin, N.J.

 

Partners

Major Sponsors

 

Event Sponsors

Chapman and Cutler LLP
Development Specialists, Inc.
FTI Consulting, Inc.

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 and AIRA have arranged a special conference rate of $229 per night from February 26-28, 2020. Reservations must be made directly with the hotel prior to February 4, 2020, 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 ABI/AIRA block is filled.

Travel

Air: Fly into McCarran International Airport (LAS).

Continuing Education

 

This program is eligible for 11 hours of general CLE credit, including 1 hour of ethics/professionalism, in states calculating CLE on a 60-minute hour, and 13.2 hours of general CLE credit, including 1.2 hours of ethics/professionalism, in 50-minute-hour states. Credit hours are estimated and are subject to each state’s approval and credit-rounding rules 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 11 hours, of which 1 hour will apply to ethics. NY MCLE: This course or program has been approved in accordance with the requirements of the New York State Continuing Legal Education Board for a maximum of 13 credit hours, of which 12 credit hours can be applied toward the professional practice requirement and 1 credit hour can be applied toward the ethics professionalism requirement.

 

13 hours of CPE credit, including 1 hour of ethics, are also available.

 

*ABI and AIRA offer 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.

Financial Hardship Statement

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, ABI may allow the individual to work at the 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. Financial assistance is available for this program; all applications for financial assistance must be submitted by January 17, 2020. For more information or to request an application, please contact the American Bankruptcy Institute at (703) 739-0800 or send an e-mail to adonohue@abiworld.org.

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 5, 2020. No refunds will be granted after February 5, but substitutions will be allowed. After February 5, 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.

VALCON 2020 Registration Rates

Registration Rates Early
(by 12/20/19)
Regular
(12/21/19-2/7/20)
Late
(after 2/7/20)
ABI/AIRA Member
$745
$795
$845
Gov't./Aca./Nonprofit ABI/AIRA Member
$345
$395
$445
New ABI/AIRA Member*
$1,070
$1,120
$1,170
New Gov't./Aca./Nonprofit ABI/AIRA Member*
$440
$490
$540

*Includes a one-year ABI and AIRA membership for first-time members only — a $645 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.

VALCON 2020 & CFRP 2020 Joint Registration Rates

Registration Rates Early
(by 12/20/19)
Regular
(12/21/19-2/7/20)
Late
(after 2/7/20)
ABI/AIRA Member
$995
$1,075
$1,125
Gov't./Aca./Nonprofit ABI/AIRA Member
$550
$600
$650
New ABI/AIRA Member*
$1,320
$1,400
$1,450
New Gov't./Aca./Nonprofit ABI/AIRA Member*
$645
$695
$745

*Includes a one-year ABI and AIRA membership for first-time members only — a $645 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.

CFRP 2020 Registration Rates

Registration Rates Early
(by 12/20/19)
Regular
(12/21/19-2/7/20)
Late
(after 2/7/20)
ABI Member
$545
$595
$645
Gov't./Aca./Nonprofit ABI Member
$345
$395
$445
Join and Save*
$870
$920
$970
New Gov't./Aca./Nonprofit ABI/AIRA Member*
$440
$490
$540

*Includes a one-year ABI membership for first-time members only — a $350 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.