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Are Hedge Funds and Private-Equity Firms Different than Other Case Parties?
This panel, comprised of investment bankers, lawyers and principals of hedge funds, explores whether, when and how the goals and strategies of hedge funds and private-equity funds in chapter 11 cases differ from those of other creditors, including banks, insurance companies, trade creditors, unions and governmental agencies.
Not so Free, Not so Clear: An Ethical Walk Through Asset Sales
This panel uses hypotheticals to discuss the ethical problems facing counsel and their clients in § 363 sales including collusion, abuses during due diligence, and successor liability.
The Ramifications of Covenant-Lite Structures
Borrowers have been using relaxed credit agreement and bond covenants to “strip” assets from the collateral/asset pools that lenders think secure them. Neiman Marcus, J.Crew, PetSmart and BC Partners are recent examples. By focusing on these examples, this panel will discuss the covenant-lite structure of today, what the documents really say, who benefits and who gets hurt, and who influences the structure and outcome.
American Crime Stories: Unusual Fraudulent Conveyances, Insider Transactions and Outright Fraud
A group of trustees, receivers and professionals tell their most interesting stories about uncovered rip-offs and how the perpetrators pulled them off — almost. The panel then discusses how the cases were dealt with in bankruptcy court and how funds were recovered — or not.
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