Business

Public Securities and the Bankruptcy Plan Process: What Not to Do

People and Assets on the Move Overseas: What You Need to Know to Hold Everything Still and Seize the Assets

Who Pays the Price for Health Care Insolvencies: the Consumer, the Vendors or the Public at Large?

Beware of the Traps: Ethical and Fiduciary Issues for Committee Members and Professionals

War and Peace: Recent Trends and Developments in Bankruptcy Litigation and Mediation

Hospitality and the Tax Man: Historical Hospitality Tax Issues in Distress

Legal and Practical Issues Involving Secured Creditors and the Retention of Financial Advisors.

The panel will discuss Puerto Rico’s present economic condition/situation, the sequence of events that have led to PR’s present economic crisis, what should/can be done to restructure PR’s debt, whether chapter 9 is an appropriate tool to restructure PR’s debt or a solution to its economic condition, and the legal issues that PR is likely to confront in light of its economic crisis.

This 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).

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.