ABI’s Complex Financial Restructuring Program is back in Las Vegas! With a brand-new case study and expert faculty of program alumni presenting new perspectives, this year’s program will be one you can’t afford to miss.
This program offers a unique approach to understanding the role of investment bankers and financial advisors in insolvency and restructuring. Through a case study format, faculty members play the role of major constituents and dramatize the various perspectives of parties-in-interest. Each session will provide insight, practical advice and proposed solutions on how to make a turnaround successful.
BONUS! Program participants will combine with VALCON 2022 attendees for a final workshop-style session on the day’s case study and a networking reception. Plus, CFRP attendees who wish to also attend VALCON 2022 can save with a special rate that includes both programs!
Find Case Study Materials under the FAQ tab
Registration and Continental Breakfast
Welcome and Case Study Introduction
Hexative, a large global chemical company, is experiencing distress as it tries to deal with a heavy debt load after years of decline in its market share in the competitive adhesives market. As was the case in the 2014 bankruptcy of Momentive Performance Materials, Hexative needs to deal with complicated issues, including a shared management team and governance structure with another portfolio company owned by the same corporate parent, a large make-whole payment due in the event of a bankruptcy, and valuation issues surrounding the business. Hexative and its advisors need to figure out these issues quickly, as it is facing a near-term liquidity crunch that will leave it unable to make its next interest payment when it comes due.
Through this case study, the panelists will provide insights, practical advice and proposed solutions for the strategic decisions and negotiations that are part of the day-to-day reality of restructurings and successful turnarounds.
Panel 1: Makewhole
Refreshment Break
Panel 2: Governance and Shared-Services Issues
Luncheon
Panel 3: Working Lunch and Negotiations
Break to Change Rooms
Panel 4: Valuation
Break to Change Rooms
Panel 5: Cramdown
Break and Transition to VALCON 2022 Joint Session
Join us for drinks and hors d’oeuvres with faculty and participants.
Hotel
The Four Seasons Hotel 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 $259 per night from May 11-13, 2022. Reservations must be made directly with the hotel prior to April 19, 2022, 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).
Conference Attire
Attire is business casual throughout the conference.
| Early (by 4/20/22) | Regular (4/21/22-5/4/22) | Late (after 5/4/22) | ||
| CFRP 2022 Registration Rates | ||||
| ABI/AIRA Member | $575 | $625 | $675 | |
| Gov't./Aca./Nonprofit ABI/AIRA Member | $375 | $425 | $475 | |
| New ABI/AIRA Member* | $975 | $1,025 | $1,075 | |
| New Gov't./Aca./Nonprofit ABI/AIRA Member* | $490 | $540 | $590 | |
| *Includes a one-year ABI membership for first-time members only — a $425 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. | ||||
| Early (by 4/20/22) | Regular (4/21/22-5/4/22) | Late (after 5/4/22) | ||
| VALCON 2022 & CFRP 2022 Joint Registration Rates | ||||
| ABI/AIRA Member | $1,025 | $1,175 | $1,275 | |
| Gov't./Aca./Nonprofit ABI/AIRA Member | $600 | $750 | $800 | |
| New ABI/AIRA Member* | $1,425 | $1,575 | $1,625 | |
| New Gov't./Aca./Nonprofit ABI/AIRA Member* | $715 | $865 | $915 | |
| *Includes a one-year ABI and AIRA membership for first-time members only — a $750 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. | ||||
Cancellation Policy
All fees, except a $75 handling fee, will be refunded if written notice of cancellation is received by April 20, 2022. No refunds will be granted after April 20, but substitutions will be allowed. After April 20, 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.
Anti-Harassment Policy
The American Bankruptcy Institute is dedicated to providing a harassment-free conference experience for everyone, regardless of gender, gender identity and expression, sexual orientation, disability, physical appearance, body size, race, age or religion. We do not tolerate harassment of conference participants in any form. Sexual language and imagery are not appropriate for any conference venue, including talks. Conference participants violating these rules may be sanctioned or expelled from the conference without a refund at the discretion of the conference organizers. Our anti-harassment policy can be found at https://www.abi.org/about-us/bylaws-and-policies.
ABI’s COVID-19 Policy
As the COVID-19 landscape continues to evolve, so too must ABI’s safety policies for in-person events. ABI’s priority for all conferences and events is the safety and welfare of our attendees, partners and team. For the ABI Events, we are requiring that in-person attendees show proof of a negative COVID-19 test taken no more than two days (48 hours) prior to arrival. In lieu of testing, attendees can upload their vaccination card to show that they are fully vaccinated against COVID-19 (as defined by the CDC) in order to gain admittance to the program. This decision was made in consultation with ABI leadership and is based on guidance issued by the federal Centers for Disease Control and Prevention (CDC) and other public health authorities. It is also consistent with the policies of many of our member firms and other associations nationwide.
Co-Chairs
Faculty
This program is eligible for 6 hours of general CLE credit in states calculating CLE on a 60-minute hour, and 7.2 hours of general CLE credit 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 6 hours. 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 7 credit hours, of which 7 credit hours can be applied toward the professional practice requirement.
7 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].