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Navigating the Troubled Waters of Involuntary Bankruptcies
This panel will provide a brief, general overview of the mechanics and statutory framework for involuntary bankruptcies, with more in-depth discussions of current hot-button issues, including petitioning creditors’ good faith/bad faith, the conflicting approaches taken by various circuits in determining whether a petitioning creditor’s claim is subject to a bona fide dispute, and the potential legal fees and damage claims petitioning creditors face if their involuntary petition is ultimately dismissed.
Cracking the D&O Code: The Keys to Insurance Recovery and Injunctive Orders in Bankruptcy Court
Director and officer (D&O) insurance policies typically cover certain claims against the D&Os by third parties (often shareholders) and claims by a trustee in bankruptcy. The policies also cover certain claims against the debtor company. This panel will discuss the different coverages, the types of claims that may be pursued against officers and directors by shareholders, creditors and a bankruptcy trustee, defenses often asserted to the claims, and potential policy exclusions that may affect coverage. The panel will also focus on the tension, and often litigation, over D&O insurance proceeds when there are competing claims by a trustee and by shareholders or creditors, including the circumstances that may justify entry of a bar order precluding third-party claims as part of a settlement of claims by the trustee.
Lights Out! Hot Topics and Recent Developments in Energy-Related Chapter 11 Cases
In light of the recent downturn in the energy markets, this panel will provide an update on recent developments in coal and oil & gas chapter 11 cases, including contract issues, § 1113/1114 litigation, treatment of environmental obligations, KERPs and KEIPs, surety bonds, perfection and credit bidding issues, and “cherry-picking” of good assets in § 363 sales.
Medley of Current Chapter 11 Issues: From Overcoming Challenges to Finding an Efficient Exit Strategy
This panel will explore current chapter 11 issues from case inception to exit and will discuss current case law and trends, including nonconventional financing obstacles, the ability of a lender to obtain default interest post-petition, plan-support agreements, structured dismissals, cramdown interest rates, third-party releases and the erosion of the equitable mootness doctrine on appeal.
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