FRIDAY, OCTOBER 7, 2O16
BANKRUPTCY
2O16 VIEWS FROM THE BENCH
FEATURING 18 BANKRUPTCY JUDGESGEORGETOWN UNIVERSITY LAW CENTER, WASHINGTON, D.C.GEORGETOWN UNIVERSITY LAW CENTER, WASHINGTON, D.C.GEORGETOWN UNIVERSITY LAW CENTER, WASHINGTON, D.C.
Georgetown University Law CenterWashington, D.C.Georgetown University Law CenterWashington, D.C.Georgetown University Law Center
Bankruptcy 2016: Views from the Bench offers a unique opportunity for bankruptcy practitioners to hear from 18 bankruptcy judges during a full day of high-quality CLE and networking opportunities. This year’s program will examine the systematic and existential “threats” to the historical way in which the bankruptcy system has functioned, including structured dismissals, equitable mootness, gifting, successor liability, RSAs, and costs and legal fees. Is there a “shadow” bankruptcy system, prompted in part by hedge funds and equity funds, that seeks ways to dominate and expedite the process, perhaps in the name of greater efficiency? Are clients, especially in the middle market, reluctant to use the bankruptcy system because it is too expensive, with no way to appeal bad results? Should judges be using the Chapter 11 Commission Report as an agent for change by adopting its recommendations or admonishing the bar to implement the changes?
The conference will also feature small group lunchtime breakout sessions with the morning topics’ judges and speakers, creating an interactive learning environment. We look forward to seeing you there!
Register online at
abi.org/events
AlixPartners LLPBakerHostetler
Loeb & Loeb LLP
McGuireWoods LLPPachulski Stang Ziehl & Jones LLP
Whiteford Taylor Preston, LLP
2016 Views from the Bench Sponsors
SPECIAL THANKSWe extend our special thanks to Bloomberg Brief as a media partner, Thomson Reuters for the printed educational materials and Wilmington Trust for the tote bags.
Derek C. AbbottMorris, Nichols, Arsht & Tunnell LLP; Wilmington, Del.
Marc AbramsWillkie Farr & Gallagher LLP; New York
Michael L. BernsteinArnold & Porter LLP; Washington, D.C.
Martin J. BienenstockProskauer; New York
Jessica C.K. BoelterSidley Austin LLP; Chicago
Mark D. CollinsRichards, Layton & Finger, PA; Wilmington, Del.
Melanie L. CyganowskiOtterbourg P.C.; New York
Edward C. DolanHogan Lovells US LLP; Washington, D.C.
Mary Joanne DowdArent Fox LLP; Washington, D.C.
Douglas M. FoleyMcGuireWoods LLP; Washington, D.C.
Peter FriedmanO’Melveny & Myers LLP; Washington, D.C.
Karen A. GiannelliGibbons P.C.; Newark, N.J.
Jay M. GoffmanSkadden, Arps, Slate, Meagher & Flom LLP; New York
Kristin K. GoingDrinker Biddle & Reath LLP; Washington, D.C.
Craig GoldblattWilmerHale; Washington, D.C.
Jason W. HarbourHunton & Williams LLP; Richmond, Va.
Gary T. HoltzerWeil, Gotshal & Manges LLP; New York
Laura Davis JonesPachulski Stang Ziehl & Jones LLP; Wilmington, Del.
Humayun KhalidCleary Gottlieb Steen & Hamilton LLP; New York
Richard M. KremenDLA Piper; Baltimore
Michael R. LastowskiDuane Morris LLP; Wilmington, Del.
Jeffrey A. LiesemerCaplin & Drysdale, Chtd.; Washington, D.C.
Richard M. MethFox Rothschild LLP; Roseland, N.J.
Erika L. MorabitoFoley & Lardner LLP; Washington, D.C.
Paul M. NussbaumWhiteford Taylor Preston, LLP; Baltimore
Deryck A. PalmerPillsbury Winthrop Shaw Pittman LLP; New York
Hon. James M. Peck (ret.)Morrison & Foerster LLP; New York
David L. PollackBallard Spahr LLP; Philadelphia
Jeffrey S. SabinVenable LLP; New York
Michael B. SchaedleBlank Rome LLP; Philadelphia
Jeffrey L. TarkentonWomble Carlyle Sandridge & Rice, LLP; Washington, D.C.
Irving E. WalkerCole Schotz P.C.; Baltimore
Stephanie WickouskiBryan Cave LLP; New York
Donald A. WorkmanBakerHostetler; Washington, D.C.
VIEWS FROM THE BENCH ADVISORY BOARD
David R. KuneyProgram ChairWhiteford Taylor Preston, LLPWashington, D.C.
FRIDAY, OCTOBER 77:30-8:15 a.m.Registration and Continental BreakfastSponsored by Whiteford Taylor Preston, LLP
8:15-8:30 a.m.Welcome Remarks David R. Kuney, Program Chair Whiteford Taylor Preston, LLP; Washington, D.C. Lawrence J. Center, Assistant Dean Georgetown Law CLE; Washington, D.C. Amy A. Quackenboss, Deputy Executive Director American Bankruptcy Institute; Alexandria, Va.
8:30-9:30 a.m.What’s Wrong with Chapter 11?This panel will explore the trend of private-equity firms and hedge funds favoring out-of-court workouts (with or without a pre-packaged or pre-arranged bankruptcy case) rather than traditional chapter 11 cases for achieving their restructuring goals. The panel will also debate whether the Chapter 11 Reform Commission’s recommendations adequately address such issues. Cases to be discussed include Tribune Co. fraudulent conveyance litigation, Sun Capital, ICL Holding and Sabine Oil & Gas Corp., et al. Deryck A. Palmer, Moderator Pillsbury Winthrop Shaw Pittman LLP; New York Hon. Shelley C. Chapman U.S. Bankruptcy Court (S.D.N.Y.); New York Hon. Robert D. Drain U.S. Bankruptcy Court (S.D.N.Y.); New York Hon. Kevin Gross U.S. Bankruptcy Court (D. Del.); Wilmington Stephanie Wickouski, Facilitator Bryan Cave LLP; New York
9:30-10:30 a.m.Clean-Up in Aisle 5: Does Bankruptcy Still Work for Retail?Are lenders finding strategies to avoid the Code’s landlord protections? This panel will explore whether a debtor’s obligation to timely perform is being honored, rejection/assumption rules modified in DIP orders, use of nunc pro tunc rejection to minimize claims, and other issues in today’s retail cases. Martin J. Bienenstock, Moderator Proskauer; New York Hon. Jeffery P. Hopkins U.S. Bankruptcy Court (S.D. Ohio); Cincinnati Hon. Kevin R. Huennekens U.S. Bankruptcy Court (E.D. Va.); Richmond Hon. Wendelin I. Lipp U.S. Bankruptcy Court (D. Md.); Greenbelt David L. Pollack, Facilitator Ballard Spahr LLP; Philadelphia
10:30-10:45 a.m.Networking BreakSponsored by AlixPartners LLP and Loeb & Loeb LLP
10:45-11:45 a.m.Confirmation and BeyondThis panel will explore a variety of issues related to plan confirmation, including artificial impairment (Village Green I, GP v. Federal National Mortgage Association), cramdown interest rates/subordination/make-whole provisions (MPM Silicones) and third-party releases (Millennium Lab Holdings). Jay M. Goffman, Moderator Skadden, Arps, Slate, Meagher & Flom LLP; New York Hon. Clifton R. Jessup, Jr. U.S. Bankruptcy Court (N.D. Ala.); Decatur Hon. Laurie Selber Silverstein U.S. Bankruptcy Court (D. Del.); Wilmington Hon. Michael E. Wiles U.S. Bankruptcy Court (S.D.N.Y.); New York Peter M. Friedman, Facilitator O’Melveny & Myers LLP; Washington, D.C.
11:45 a.m.-1:00 p.m.Working Lunch: Breakouts 1-3Sponsored by Pachulski Stang Ziehl & Jones LLPA facilitator will lead additional discussions from the three morning panels, providing a unique opportunity for attendees to follow up on the morning’s topics in small groups over lunch with the judicial faculty.
1:00-2:00 p.m.Great Debates Paul M. Nussbaum, Moderator Whiteford Taylor Preston, LLP; Baltimore
Resolved: A structured dismissal that violates the absolute priority rule should never be permitted. Pro: Craig Goldblatt WilmerHale; Washington, D.C.
Con: Hon. Kevin J. Carey U.S. Bankruptcy Court (D. Del.); Wilmington
Resolved: Asset sales under § 363 should lawfully be free and clear of successor-liability claims. Pro: Hon. Robert E. Gerber (ret.) U.S. Bankruptcy Court (S.D.N.Y.); New York Con: William P. Weintraub Goodwin Procter LLP; New York
2:00-3:00 p.m.Fiduciary Duties: Rights and Wrongs for Directors of Financially Troubled CompaniesThis panel will delve into recent trends in breach-of-duty litigation against officers and directors, developments in Delaware fiduciary duty case law that bankruptcy lawyers should know about, standing to assert D&O claims, the in pari delicto defense, D&O insurance coverage issues, breach-of-duty claims against lenders, and D&O litigation involving private-equity funds. Cases to be discussed include Liberty State Benefits of Delaware Inc., MF Global Holdings Ltd. and SGK Ventures LLC. Mark D. Collins, Moderator Richards, Layton & Finger, PA; Wilmington, Del. Chancellor Andre G. Bouchard Delaware Court of Chancery; Wilmington, Del. Hon. Sean H. Lane U.S. Bankruptcy Court (S.D.N.Y.); New York Hon. Christopher S. Sontchi U.S. Bankruptcy Court (D. Del.); Wilmington Hon. S. Martin Teel, Jr. U.S. Bankruptcy Court (D. D.C.); Washington, D.C. Michael L. Bernstein, Facilitator Arnold & Porter LLP; Washington, D.C.
3:00-3:30 p.m.Networking BreakSponsored by BakerHostetler
3:30-4:30 p.m.Navigating the Roads of Retention in a Post-ASARCO World: Conflicts, Compensation and Other ConundrumsThis panel will address a variety of current issues including “disinterestedness” and “the 1% Rule,” attempted workarounds in the aftermath of Baker Botts v. ASARCO LLC and other ethical challenges, along with guidance under various applicable Rules of Professional Conduct, such as rules regarding fees (RPC 1.5), confidentiality (RPC 1.6), conflicts of interest (RPC 1.7) and candor with the court (RPC 3.3). Erika L. Morabito, Moderator Foley & Lardner LLP; Washington, D.C. Hon. Ashely M. Chan U.S. Bankruptcy Court (E.D. Pa.); Philadelphia Hon. Robert G. Mayer U.S. Bankruptcy Court (E.D. Va.); Alexandria Hon. Mary F. Walrath U.S. Bankruptcy Court (D. Del.); Wilmington Richard M. Meth, Facilitator Fox Rothschild LLP; Roseland, N.J.
4:30-5:30 p.m.Cocktail Reception
Program LocationGeorgetown University Law CenterHart Auditorium, First Floor, McDonough Hall600 New Jersey Avenue, N.W.Washington, D.C. 20001
IMPORTANT: All visitors to the Law Center must enter through the second �oor entrance facing New Jersey Avenue.
Parking InformationDue to a limited amount of parking, the Georgetown University Law Center cannot provide parking for programs held there. Disabled persons may make arrangements to park at the Law Center by calling (202) 662-9330. We encourage attendees to take Metro to Union Station or a taxi to the program. Drivers can use the following nearby parking garages.
Parking Garage LocationsUnion Station Parking Garage50 Massachusetts Avenue, NE Washington, DC 20002(202) 371-9441Colonial Parking Garage500 New Jersey Avenue, NW Washington, DC 20001
Marcparc Parking Garage601 New Jersey Avenue, NW Washington, DC 20001(202) 789-4000
Law Library
McDonough Hall
Gewirz Fitness Center & Hotung Building
DisclaimerSpeakers are subject to change.
Special Needs or Dietary RestrictionsCall (202) 662-9890 or email [email protected] with your requests.
BANKRUPTCY BANKRUPTCY 2O16 VIEWS FROM2O16 VIEWS FROM
Register online at
abi.org/events
Hotel ReservationsA block of rooms has been held at the Hyatt Regency Washington on Capitol Hill for October 6-7, 2016, and will be honored until Tuesday, September 6, 2016. These rooms will be held as a block on a �rst-come, �rst-served basis until the above date, at which time they will be released to the general public. Be sure to mention the “Bankruptcy: Views from the Bench/Georgetown CLE” room block to receive the room rate below.
Hyatt Regency Washington on Capitol Hill400 New Jersey Avenue, NW, Washington, DC 20001
(202) 737-1234 • (800) 233-1234washingtonregencyhyatt.com
Room Rate: $269 (single/double) per nightThe hotel is approximately two blocks from the Law Center.
ScholarshipsPlease apply online at www.georgetowncle.org, or submit written requests by 5:00 p.m. on September 30, 2016, to: Scholarship Committee, Georgetown CLE, 600 New Jersey Ave., NW, Washington, DC 20001, or fax to (202) 662-9891.
Cancellation PolicyAll fees, except a $75 handling fee, will be refunded if notice of cancellation is received in writing by September 16, 2016. No refunds will be made if notice is received after September 16, although substitutions will be allowed. After September 16, 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.
CLE CreditAccreditation has been or will be requested for this program from states with mandatory Continuing Legal Education requirements for 6 CLE credits, including 1 hour of ethics (based on a 60-minute hour), and 7.2 CLE credits, including 1.2 hours of ethics (based on a 50-minute hour). Georgetown University Law Center is an accredited CLE provider in most MCLE states. Georgetown Law CLE is a State Bar of California-approved MCLE provider. Some states require nominal accreditation fees, and you will be asked to submit payment at the program’s conclusion. If you have any questions about CLE, please contact Georgetown Law CLE at (202) 662-9890.
CPE CreditGeorgetown Law CLE 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 �nal authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417, www.nasba.org.
Course LevelOverview, group-live, no prerequisites or advance preparation required; 7.2 CPE credits in the Specialized Knowledge and Applications Field of Study Program.
THE BENCH THE BENCH INFORMATIONINFORMATION
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6. Luncheon Program [Working Lunch: Three Break-Out Sessions] (choose one) o What’s Wrong with Chapter 11? o Clean-Up in Aisle 5: Does Bankruptcy Still Work for Retail? o Confirmation and Beyond 7. Payment Grand Total $________________o Check payable to American Bankruptcy Institute enclosed. Send to: American Bankruptcy Institute • P.O. Box 7403 • Merrifield, VA • 22116-7403. Check and credit card payments can be made online at abi.org/events or faxed to (866) 921-1027.
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