Business Law Section
Spring Meeting
April 14–16, 2011 • Boston, MA
Spring Meeting
Boston
Business Bankruptcy
Committee
Schedule of Events
Dear Colleague:
Welcome to the 2011 Spring Meeting of the Business Bankruptcy
Committee. We have prepared a variety of stimulating and
cutting-edge programs for bankruptcy and business lawyers.
I encourage you to take advantage of these outstanding programs,
including the Thursday luncheons presented by the Chapter 11
Subcommittee on bank holding company insolvencies, and the
Secured Creditors Subcommittee on bankruptcy examiners.
Many thanks to everyone who assisted in the planning
and presentation of our programs and meetings.
I look forward to seeing you in Boston.
Best regards,
Michael St. Patrick Baxter
Chair, Business Bankruptcy Committee ABA Business Law Section
Spring Meeting
ABA Business Law Section
•
April 14–16, 2011
•
Boston, MA
Business Bankruptcy Committee
The World’s Largest
Organization of
Bankruptcy
Restructuring Lawyers
The Business Bankruptcy Committee is
the premier organization for insolvency
lawyers. It is the largest group in the world
made up exclusively of bankruptcy
attorneys, professors, and judges.
The Committee organizes and presents
cutting-edge CLE programs on recent
developments in the areas of business
bankruptcy and corporate restructuring.
The Committee also develops and reviews
proposed bankruptcy legislation.
In addition, as a non-governmental
organization recognized by the United
Nations Commission on International
Trade Law, the Committee is an
important participant in UNCITRAL’s
Insolvency Working Group.
For immediate enrollment in the Committee or Section, log in to
Thursday, April 14, 2011
7:00 am – 7:00 pm
Registration
9:00 am – 10:30 am
Program:
When the Music Stops:
Musical Chairs and “Ponzi” Scheme Avoidance Actions
The recent economic crisis has contributed to the spectacular collapse of several prominent fraudulent investment operations. This program explores the surprising consequences of avoidance actions for the players in, and victims of, these Ponzi schemes.
Sponsored by: Avoiding Powers Subcommittee—Hon. John K. Olson, Chair
Program Chair: Prof. George G. Triantis, Harvard Law School, Cambridge, MA
Speakers: Marc Hirschfield, Baker & Hostetler LLP, New York, NY
Gary J. Mennitt, Dechert LLP, New York, NY
Carole Neville, SNR Denton, New York, NY
9:00 am – 10:00 am
Program:
Structuring Asset Sales, Mergers
and Acquisitions to Preserve Insurance
At a time when assets sales, mergers and acquisitions dominate large restructuring cases, this program provides thoughtful guidance on preserving insurance when structuring corporate transactions.
Sponsored by: Insurance Subcommittee—Craig J. LitherlandandRobert B. Millner, Co-Chairs
Program Chair
& Moderator: Craig J. Litherland, Gilbert LLP, Washington, DC
Speakers: Brian H. Mukherjee, Goodwin Procter LLP, Boston, MA
Kami E. Quinn, Gilbert LLP, Washington, DC
10:00 am – 11:00 am
Chapter 9 Subcommittee Planning Meeting
Gary E. Klausner, Chair
11:30 am – 12:30 pm
Executory Contracts Subcommittee Planning Meeting
Corali Lopez-Castro, Chair
11:30 am – 12:30 pm
Small Business Subcommittee Planning Meeting
Mark E. Leipold, Chair
4 Spring Meeting 2011•April 14–16, 2011•Boston, MA
12:30 pm – 2:30 pm
Chapter 11 Subcommittee Luncheon:
Bank Holding Company Insolvencies: Is the Grass Greener?
This program explores the insolvency of bank holding companies. The panelists will discuss the options available to bank holding companies, including under Dodd-Frank, prior legislation (including Gramm-Leach-Bliley), and chapter 11. Issues addressed will include jurisdiction, distressed-asset sales, tax refunds and net operating loss allocation disputes, intercompany claims, and the treatment of creditors. Be prepared for insightful analyses of Washington Mutual (the largest banking failure in U.S. history) and AmericanWest Bancorp (a bank holding company that filed chapter 11 to sell its banking subsidiary to satisfy regulatory capital requirements). Sponsored by: Business Bankruptcy Committee—Michael St. Patrick Baxter, Chair
Chapter 11 Subcommittee—
Susan M. FreemanandMichael H. Reed, Co-Chairs
Trustees and Examiners Subcommittee—Phoebe Morse, Chair
Banking Law Committee—Sarah A. Miller, Chair
Consumer Financial Services Committee—Therese Franzen, Chair
Government Affairs Practice Committee—Mark D. Anderson, Chair
Program Chair
& Moderator: Rafael X. Zahralddin-Aravena, Elliott Greenleaf, Wilmington, DE
Speakers: Thomas R. Califano, DLA Piper US LLP, New York, NY (alternate)
Larry Engel, Morrison & Foerster LLP, San Francisco, CA
James D. Higgason, Jr., Andrews Kurth LLP, Houston, TX
Susheel Kirpalani, Quinn Emanuel Urquhart & Sullivan LLP, New York, NY
Michael H. Krimminger, FDIC, Washington, DC (invited)
Paul L. Lee, Debevoise & Plimpton LLP, New York, NY
12:30 pm – 2:30 pm
Secured Creditors Subcommittee Luncheon:
Examining Examiners and their Impact on Creditors
Examiners have issued exhaustive reports addressing billions of dollars in claims in recent cases such as Lehman Brothers, Chicago Tribune, and Washington Mutual. These reports raise issues that could dramatically enhance the debtors’ estates, but some experts have criticized the process, expense, efficacy and sometimes the results of examiners’ work. The expert panel of practitioners and academics who have studied the use of examiners will explore and question the role of examiners in large bankruptcy cases.
Sponsored by: Secured Creditors Subcommittee—Corinne BallandSamuel R. Maizel, Co-Chairs
Program Chairs: Corinne Ball, Jones Day, New York, NY
Samuel R. Maizel, Pachulski, Stang, Ziehl & Jones LLP, Los Angeles, CA
Moderator: Samuel Maizel, Pachulski, Stang, Ziehl & Jones LLP, Los Angeles, CA
Speakers: Prof. Jonathan C. Lipson, University of Wisconsin, Madison WI
R. Todd Neilson, LECG, Los Angeles, CA
James H.M. Sprayregen, Kirkland & Ellis LLP, Chicago, IL
John C. “Kit” Weitnauer, Alston & Bird LLP Atlanta, GA
Program
Schedule
2:30 pm – 4:30 pm
CLE Program:
What Every Business Lawyer
Needs to Know About the Intersection of Finance,
Real Estate and Bankruptcy Law
As the economy struggles to recover from a recession that profoundly altered assumptions in financial and real estate markets, and tested the limits of bankruptcy law, navigating the intersections of finance, real estate and bankruptcy law has become critical. Topics include the treatment of executory contracts, priority disputes concerning real property liens, the effect of the automatic stay on the perfection of real estate liens, and title-insurance claims in bankruptcy real estate sales.
Sponsored by: Business Bankruptcy Committee—Michael St. Patrick Baxter, Chair
Claims and Priorities Subcommittee—
Brett D. FallonandAndrea S. Hartley, Co-Chairs
Executory Contracts Subcommittee—Corali Lopez-Castro, Chair
Litigation Subcommittee—Timothy M. Lupinacci, Chair
Business Financing Committee—Theresa Einhorn, Chair
Commercial Finance Committee—James C. Schulwolf, Chair
Program Chairs: Brett D. Fallon, Morris James LLP, Wilmington, DE
Lisa P. Sumner, Poyner Spruill LLP, Raleigh, NC
Speakers: Michael E. Busch, Fidelity National Title Group, Irvine, CA
Deborah S. Griffin, Holland & Knight LLP, Boston, MA
Hon. William C. Hillman, U.S. Bankruptcy Court, D. Mass.
Laura Davis Jones, Pachulski Stang Ziehl & Jones LLP, Wilmington, DE
4:30 pm – 6:30 pm
Business Bankruptcy Committee:
Meeting of the Chairs and Vice-Chairs of Business Bankruptcy
Subcommittees, Working Groups and Task Forces
Michael St. Patrick Baxter, Chair
Friday, April 15, 2011
7:00 am – 6:00 pm
Registration
8:00 am – 9:30 am
Program:
Divergent National Bankruptcy Court Structures
and Insolvency Processes: Impetus or Impediment to Reform?
The ramifications of business transactions and business failures have become increasingly international. This program addresses how variations among bankruptcy court structures and insolvency processes in the United States and abroad affect reform, rationalization and prospects for harmonization of the underlying laws.
6 Spring Meeting 2011•April 14–16, 2011•Boston, MA
Sponsored by: Business Bankruptcy Committee—Michael St. Patrick Baxter, Chair
Administration and Courts Subcommittee—Sidney Levinson, Chair
Asian-Pacific Insolvency Working Group—Prof. Charles D. Booth, Chair
International Bankruptcy Subcommittee—
Professor Susan Block-LiebandSteven T. Kargman, Co-Chairs
UNCITRAL Task Force & Liaison—Christopher J. Redmond, Chair
Bankruptcy Court Structure & Insolvency Process Committee— William H. Schorling, Chair
Program Chair
& Moderator: Prof. Charles D. Booth, University of Hawai`i School of Law, Honolulu, HI
Speakers: Prof. Susan Block-Lieb, Fordham Law School, New York, NY
Prof. Charles D. Booth, University of Hawai`i School of Law, Honolulu, HI
Daniel M. Glosband, Goodwin Procter LLP, Boston, MA
George Kelakos, Kelakos Advisors, Greenwich, CT
Deryck A. Palmer, Cadwalader, Wickersham & Taft LLP, New York, NY
8:00 am – 9:30 am
IP and Technology Subcommittee Planning Meeting
John R. Knapp, Jr., Chair
8:00 am – 10:00 am
Program:
Establishing a Culture of Excellence In
Your Organization: Beyond Diversity and Inclusiveness
Sponsored by: Business and Corporate Litigation Committee—William D. Johnston, Chair
Business Bankruptcy Committee—Michael St. Patrick Baxter,Chair
Business Law Fellows, Ambassadors, and Diplomats Committee— Bryan K. BrownandKathleen Joan Hopkins, Co-Chairs
Business Law Education Committee—
Dennis R. HornbachandCarol Newman, Co-Chairs
Career and Practice Development Committee—Louise Pomeroy Dempsey, Chair
Corporate Compliance Committee—
Leianne S. CrittendenandHowie C. Wong, Co-Chairs
Corporate Counsel Committee—Agnes J. BundyandSteven A. Lauer, Co-Chairs
Corporate Director Diversity Committee
Corporate Governance Committee—Carol Hansell, Chair
Diversity Committee—Meg Milroy, Chair
Employee Benefits and Executive Compensation Committee— Sally Doubet King, Chair
Governmental Corporations Committee
LLCs, Partnerships and Unincorporated Entities Committee— Scott E. Ludwig, Chair
Middle Market and Small Business Committee—Gregory M. Giammittorio, Chair
Leadership Development Committee
Nonprofit Organizations Committee—William M. Boyd, III, Chair
Program Chair: William H. Grignon, Kirkland & Ellis LLP, Los Angeles, CA
Program
Schedule
9:30 am – 10:30 am
Program:
Intra-Group Guarantees:
Recapturing Value Under Fraudulent Transfer Law
As chapter 11 cases involving corporate groups become the norm, counsel must grapple with how to resolve the complex questions of value given and received among affiliated debtors under fraudulent transfer law. This program examines the practical, ethical and planning issues underlying intra-group guarantees and their subsequent challenge as fraudulent transfers.
Sponsored by: Corporate Governance Subcommittee—
Regina Stango KelbonandDavid Waguespack, Co-Chairs
Partnerships and Limited Liability Entities in Bankruptcy Subcommittee—
Sandra A. Reimer,Chair
Speakers: Prof. Richard Squire, Fordham Law School, New York, NY
Jonathan M. Landers, Milberg LLP, New York, NY
Sheila T. Smith, Deloitte Financial Advisory Services, Boston, MA
10:30 am – 11:30 am
E-newsletter Subcommittee Planning Meeting
Kay Standridge Kress, Editor-in-Chief
Christopher M. Alston, Editor
10:30 am – 12:00 pm
Healthcare & Nonprofits in Bankruptcy Subcommittee Planning Meeting
Jean R. RobertsonandAndrew Troop, Co-Chairs
10:30 am – 12:30 pm
Program:
Lehman Failure Replayed:
Would FDIC Liquidation Be More Orderly Than Bankruptcy?
Sponsored by: Banking Law Committee—Sarah A. Miller, Chair
Business Bankruptcy Committee—Michael St. Patrick Baxter, Chair
Program Chair: Paul L. Lee, Debevoise & Plimpton LLP, New York, NY
Moderators: Michael L. Kadish, Deutsche Bank, New York NY
Judith Greenstone Miller, Jaffe, Raitt, Heuer & Weiss PC, Southfield, MI
Speakers: Thomas C. Baxter, Federal Reserve Bank, New York, NY
Dennis F. Dunne, Milbank Tweed Hadley & McCloy LLP, New York, NY
Michael H. Krimminger, FDIC, Washington, DC
Paul L. Lee, Debevoise & Plimpton LLP, New York, NY
Daniel R. Murray, Jenner & Block LLP, Chicago, IL
10:30 am – 12:30 pm
Program:
The Future of Paperless
Loan Processing: MERS Role in Foreclosure
Sponsored by: Business and Corporate Litigation Committee
Business Bankruptcy Committee—Michael St. Patrick Baxter, Chair
Consumer Financial Services Committee—Therese G. Franzen, Chair
8 Spring Meeting 2011•April 14–16, 2011•Boston, MA
11:00 am – 12:00 pm
Claims and Priorities Subcommittee Planning Meeting
Brett D. FallonandAndrea S. Hartley, Co-Chairs
2:30 pm – 4:00 pm
Program:
Current Developments in Bankruptcy Law
This program examines and offers the insights and analyses of a panel of experts concerning recent case law affecting business bankruptcy.
Sponsored by: Current Developments Task Force—Martin Bienenstock, Chair
Program Chair: Martin Bienenstock, Dewey & LeBoeuf LLP, New York, NY
Speakers: Martin Bienenstock, Dewey & LeBoeuf LLP, New York, NY
Christopher Combest, Quarles & Brady LLP, Chicago, IL
Michael R. Enright, Robinson & Cole LLP, Hartford, CT
Kay Standridge Kress, Pepper Hamilton LLP, Detroit, MI
Robert B. Millner, Sonnenschein, Nath & Rosenthal LLP, Chicago, IL
2:30 pm – 4:30 pm
Program:
Lehman—More Than Two Years Later:
Lessons for Secured Parties, Derivative Counterparties
and Owners of Custodied Financial Assets
Sponsored by: American College of Commercial Finance Lawyers
Business Bankruptcy Committee—Michael St. Patrick Baxter, Chair
Commercial Finance Committee—James C. Schulwolf, Chair
Uniform Commercial Code Committee—Penelope L. Christophorou, Chair
3:00 pm – 4:30 pm
Program:
Bankruptcy Asset Sales:
Value-Maximizing Strategies
When assets are sold in a bankruptcy case, every player wants the biggest pie and the biggest piece of it. This program explores the divergent, and potentially conflicting, value-maximizing strategies employed by different parties in bankruptcy asset sales.
Sponsored by: Use and Disposition of Property Subcommittee—Steven N. Cousins, Chair
Program Chair: Steven N. Cousins, Armstrong Teasdale LLP, St. Louis, MO
Moderator: Marc J. Carmel, Kirkland & Ellis LLP, Chicago, IL
Speakers: John Buck, Versa Capital Management, Philadelphia, PA
Marc J. Carmel,Kirkland & Ellis LLP, Chicago, IL
Steven N. Cousins, Armstrong Teasdale LLP, St. Louis, MO
Robert Duffy, FTI Consulting, Boston, MA
Richard E. Mikels, Mintz, Levin, Cohn, Ferris, Glovsky & Popeo PC, Boston, MA
Steven E. Sherman, Shearman & Sterling, New York, NY
Program
Schedule
4:00 pm – 5:30 pm
Program:
Protecting a Parent From its Insolvent Subsidiary
When a business becomes insolvent, creditors often search for alternative sources of recovery. This program examines strategies for protecting parents from the problems of insolvent subsidiaries, at both the planning and litigation stages.
Sponsored by: Business Transactions Subcommittee— Mark S. ChehiandMargery N. Reed, Co-Chairs
Litigation Subcommittee—Tim M. Lupinacci, Chair
Program Chair
& Moderator: Tony M. Davis, Baker Botts LLP, Houston, TX
Speakers: Tony M. Davis, Baker Botts LLP, Houston, TX
Chris L. Dickerson, Skadden, Arps, Slate, Meagher & Flom LLP, Chicago, IL
Edward J. Estrada, Reed Smith LLP, New York, NY
Jennifer H. Rearden, Gibson Dunn & Crutcher LLP, New York, NY
4:30 am – 5:30 am
Programs and Publications Subcommittee Planning Meeting
Bruce J. BorrusandSharon Z. Weiss, Co-Chairs
Saturday, April 16, 2011
7:00 am – 5:00 pm
Registration
8:00 am – 9:00 am
Program:
“Honey, I Shrunk the Mortgage!”:
Local Models for Effective Pro Bono Solutions
As mortgage losses continue to mount, so does the search for “win-win” solutions. Chief Judge Frank Bailey and others from the Boston-area legal community will discuss a Real Estate Bar Association pro bono initiative that successfully resolves or narrows issues in 75 percent of foreclosure actions. Sponsored by: Pro Bono Services Subcommittee—
Shelly CrockerandHon. Elizabeth S. Stong, Co-Chairs
Program Chair
& Moderators: Shelly Crocker, Crocker Law Group, Seattle, WA
Hon. Elizabeth S. Stong, U.S. Bankruptcy Court, EDNY
Speaker: Hon. Frank Bailey, Chief Judge, U.S. Bankruptcy Court, D. Mass.
8:30 am – 10:30 am
Program:
Questions You Never Used To Ask:
Emerging Ethical And Liability Concerns
In Commercial Loan Workouts
This program addresses emerging ethical and liability issues lenders and their attorneys should consider in loan workouts. Topics include sanctions imposed on lenders and their attorneys in the home mortgage arena, tricky disclosure issues faced by lenders (including what can, must and must
10 Spring Meeting 2011•April 14–16, 2011•Boston, MA
Program
Schedule
Saturday, April 16, 2011
Sponsored by: Banking Law Committee—Sarah A. Miller, Chair
Commercial and Real Estate Lending Subcommittee—Donna R. Ely, Chair
Loan Workouts and Bankruptcy Subcommittee— Carolyn Peterson Richter, Chair
Business Bankruptcy Committee—Michael St. Patrick Baxter, Chair
Professional Ethics in Bankruptcy Cases Subcommittee— Margaret M. Anderson, Chair
Commercial Finance Committee—James C. Schulwolf, Chair
Creditors’ Rights Subcommittee—
Shannon Lowry Nagle, Chair;Elizabeth M. Bohn, Vice Chair
Securitization and Structured Finance Committee—Vicki O. Tucker, Chair
Program Chair: Margaret M. Anderson, Fox, Hefter, Swibel, Levin & Carroll LLP, Chicago, IL
Moderator: Douglas R. Gooding, Choate Hall & Stewart LLP, Boston, MA
Speakers: Kevin C. Blauch, Sidley Austin LLP, New York, NY
Douglas R. Gooding, Choate Hall & Stewart LLP, Boston, MA
William K. Harrington, U.S. Trustee for Region 1, Boston, MA
Carolyn Peterson Richter, Troutman Sanders LLP, Atlanta, GA
Bianca A. Russo, J.P. Morgan Chase, New York, NY
Isvara Wilson, Bank of America, Charlotte, NC
10:00 am – 12:00 pm
Business Bankruptcy Brunch: Prepackaged Bankruptcy:
Recent Developments and Emerging Issues
As prepackaged and pre-negotiated plans of reorganization become increasingly common, new strategies emerge and are tested. This program presents insightful analysis of recent developments, emerging issues, and new strategies in prepackaged bankruptcies.
Sponsored by: Business Bankruptcy Committee—Michael St. Patrick Baxter, Chair
Program Chair: Mark S. Chehi, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE
Moderator: Leslie A. Davis, Crowell & Moring LLP, Washington, DC
Speakers: Richard M. Cieri, Kirkland & Ellis LLP, New York, NY
Jay M. Goffman, Skadden, Arps, Slate, Meagher & Flom LLP, New York, NY
ABA Business Law Section Spring Meeting
April 14–16, 2011
Or Mail to: Or Fax to:
Spring Meeting Registrar 312-988-5578 Business Law Section (credit card only) American Bar Association
321 N. Clark Street Chicago, IL 60654
(Please print or type)
NAME
FIRST NAME AS IT SHOULD APPEAR ON YOUR NAME BADGE ABA MEMBERSHIP I.D. #
FIRM/COMPANY (PLEASE LIMIT TO 28 CHARACTERS AND/OR SPACES FOR BADGES) ADDRESS
CITY STATE ZIP CODE PROVINCE COUNTRY
BUSINESS TELEPHONE FAX
E-MAIL GUEST NAME
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CARD NUMBER EXP. DATE SIGNATURE
Registration Form
Registration Fees
Before 2/11 After 2/11 Business Law Section Member $649 $699 $______________ Boston Bar, MBA,or ACG Member $649 $699 $______________ First-Time Spring Meeting Attendee $449 $499 $______________ Academic/Judge/ Government Lawyer $449 $499 $______________ ABA Member (Non-Business Law Section Member) $749 $799 $______________ Non-ABA Member $799 $849 $______________ Law Student
(Registration fee only) FREE FREE $______________ Young Lawyer
(Spring Meeting + Institute for the Young
Business Lawyer) $499 $549 $______________ Young Lawyer
(Spring Meeting only) $449 $499 $______________ Young Lawyer
(Institute for the Young
Business Lawyer only) $199 $199 $______________
Brunch Meeting Business Bankruptcy Saturday, April 16, 2011 _______ @ $50 $______________ Luncheon Meetings Chapter 11 Thursday, April 14, 2011 _______ @ $60 $______________ Secured Creditors Thursday, April 14, 2011 _______ @ $60 $______________ Middle Market and Small Business
Thursday, April 14, 2011 _______ @ $60 $______________ Federal Regulation of Securities Saturday, April 16, 2011 _______ @ $60 $______________ Events Section Luncheon Friday, April 15, 2011 _______ @ $60 $______________ Section Dinner Friday, April 15, 2011 _______ @ $125 $______________ ABA FJE Contribution
(Voluntary contribution to the ABA’s Fund for Justice and Education to support the Section
Spring Meeting
Boston, MA
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Online Registration: http://new.abanet.org/CALENDAR/BUSINESS-LAW-SECTION-2011-SPRING-MEETING/Pages/ Registration.aspx Travel Information: http://new.abanet.org/calendar/business-law-section-2011-spring-meeting/Pages/TravelInformation.aspxMeeting Web site:
http://new.abanet.org/calendar/business-law-section-2011-spring-meeting/Pages/default.aspx