At the ABI Winter Leadership Conference in December 2007, the Financial Advisors Committee, in concert with the Investment Banking Committee, the Public Company and Claims Trading Committee, and the Professional Compensation Committee had the pleasure of presenting a joint educational session following the presentation of ABI’s landmark Professional Fee Study by Professor Stephen Lubben of Seto
Why is it so hard to get straight answers or simple assistance from professionals in the commercial insurance industry during a period of corporate reorganization? A partial answer requires us to start with a broad understanding of how companies buy insurance.
The ability of chapter 11 debtors to maintain cash reserves is about to get harder. Hurricanes Katrina and Rita have put a dent in the entire nation's economy and likely will have a significant impact on corporate profits for at least the rest of this year.
Below are summaries of cases that I thought members of the committee may find interesting. The summaries appear in date order beginning in July.
The hardest segment of the Merger & Acquisition (“M&A”) market to obtain meaningful transaction data in terms of price and valuation metrics is the small-to-middle market. The 2004 International Network of M&A Partners (“IMAP”) Worldwide Transaction Survey Results provides such data. IMAP is a private network of M&A firms around the globe.
Included are summaries of cases that I thought members of the committee might find interesting. The summaries appear in date order beginning in April.
On April 20, 2005, President Bush signed into law the Bankruptcy Abuse Prevention and Consumer Protection Act (hereinafter, the “BAPCPA” or the “Act”). The Act has an effective date of October 17, 2005 and, with some exceptions, its provisions will apply only to cases filed after the effective date.
For the purposes of this article, consider the history and recent business practices of a company we’ll call JKL Shoes. JKL, a privately-held company, is a well-established, family-owned women’s footwear manufacturer. Consider these facts:
Empirical data suggests that companies that emerge from chapter 11 are more likely to file for “chapter 22” than those that never filed. In general, companies that emerge from bankruptcy protection never reach their former level of strength and vitality.
Carlyon Cica Chtd.
LAS VEGAS, NV
Ellicott City, MD
O'Melveny & Myers LLP
San Francisco, CA
CR3 Partners LLC
Membership Relations Director
Fox Rothschild LLP
Fort Lauderdale, FL
Special Projects Leader
JW Infinity Consulting LLC
New York, NY