Propel your Bankruptcy e-Learning

This panel will discuss the benefits and risks of using AI for valuation, the applicability of certain AI tools to class action lawsuits, and the legal aspects of using AI in the context of bankruptcy and valuation.Learning Objectives:Attendees will analyze the benefits and limitations of using artificial intelligence tools in the valuation of companies, including impacts on accuracy, efficiency, and transparency.Attendees will evaluate the legal and evidentiary considerations associated with the use of AI-generated outputs in bankruptcy proceedings and class action litigation contexts.Attendees will assess emerging risks, including bias, reliability, and defensibility concerns, in the application of AI-driven valuation methodologies.

This panel provides an overview of the history of monetization of creative libraries, recent transactions, impact of AI, streaming, and other factors regarding copyright and valuation methodology. Additionally, the panelists provide an introduction into music licensing, specifically who owns each type of copyright and when each type of license is needed; a brief history of selling copyrights, from securitizing (Bowie Bonds) more recent catalog sales, including the recent $1 billion partnership between The Weeknd and Lyric Capital; and a general discussion of how catalog sales are valued.Learning Objectives:Attendees will understand the evolution of music and performance rights monetization, including key historical developments from early copyright structures to securitization and modern catalog sales.Attendees will identify the different types of music copyrights and licenses, including ownership distinctions and when specific licenses are required in practice.Attendees will analyze current valuation methodologies for music catalogs, including the impact of streaming, artificial intelligence, and recent high-profile transactions on pricing and deal structure.

Liability management exercises (LMEs) have become a central feature of the restructuring landscape, offering companies flexible, out-of-court solutions to address balance-sheet stress. Yet as these transactions grow more sophisticated, they increasingly raise a fundamental question: Who determines enterprise value when the deal happens outside chapter 11? Without a court-supervised valuation process, value is shaped through negotiation leverage, capital structure design, cooperation agreements, and financial engineering tools such as uptiers, dropdowns and priming transactions. These techniques can optimize outcomes for participating creditors and companies, but they can also spark valuation disputes, litigation risk and longer-term stakeholder friction. This panel examines how valuation is constructed in out-of-court LMEs, and will provide a framework for evaluating whether an LME enhances enterprise value or merely redistributes it.Learning Objectives:Attendees will analyze how enterprise value is determined in liability management exercises conducted outside of Chapter 11, including the role of negotiation dynamics and capital structure design.Attendees will evaluate the impact of common LME techniques—such as uptiers, dropdowns, and priming transactions—on creditor recoveries and overall enterprise value.Attendees will assess the legal and practical risks associated with out-of-court valuation, including potential disputes, litigation exposure, and intercreditor conflicts