Business

Certain judges have started to require that DIP orders waive any argument that the UCC cannot seek derivative standing to pursue claims on behalf of an LLC debtor. Is this trend rooted in bankruptcy common law? This panel will discuss this question and more.

This panel will discuss the following issues regarding crypto, distinguishing customer property from property of the estate, understanding crypto valuation issues, distribution options in crypto cases, M&A risks and pitfalls, effectively using social media to communicate with a large customer base, juggling cash and crypto management, and debtor-on-debtor violence.

This roundtable will provide insights from judges of the Eastern and Southern Districts of New York (and surrounding areas) on selected hot topics.

This session will provide opportunities for discussion and interaction with an exciting panel of judges from around the country.

Don’t miss these roundtables on today’s provocative issues, led by the judges of the Southeast Bankruptcy Workshop.

Join ABI’s executive director for a discussion with experts on (and close to) the Hill as they analyze current, pending and expected legislation addressing key insolvency issues

Luckin Coffee Inc., founded in 2017 by a Chinese entrepreneur, had the goal of outgrowing Starbucks as China’s largest coffee chain. The company’s 2019 IPO and bond offering raised approximately US$900 million. However, in February 2020, it was discovered that Luckin had fabricated its financial statements, with revenue overstated by US$300 million. Litigation followed, with various direct and class action claims being asserted in the U.S., a class action claim in Canada, and injunctive proceedings in both the Cayman Islands and Hong Kong. The principal creditors were unsecured bondholders and equityholders with securities litigation claims. In order to protect Luckin from its creditors, restructuring officers were appointed in the Cayman Islands, and the company’s debt was successfully restructured. This international panel of experts will discuss the case and lessons restructuring professionals can learn from it.

Luckin Coffee Inc., founded in 2017 by a Chinese entrepreneur, had the goal of outgrowing Starbucks as China’s largest coffee chain. The company’s 2019 IPO and bond offering raised approximately US$900 million. However, in February 2020, it was discovered that Luckin had fabricated its financial statements, with revenue overstated by US$300 million. Litigation followed, with various direct and class action claims being asserted in the U.S., a class action claim in Canada, and injunctive proceedings in both the Cayman Islands and Hong Kong. The principal creditors were unsecured bondholders and equityholders with securities litigation claims. In order to protect Luckin from its creditors, restructuring officers were appointed in the Cayman Islands, and the company’s debt was successfully restructured. This international panel of experts will discuss the case and lessons restructuring professionals can learn from it.

This panel discusses cutting-edge issues involving the use of AI in law practice, and ethical questions and potential pitfalls surrounding its use by lawyers and legal professionals.