No CLE

Many companies operating in and around the energy industry have been adversely affected by the recent precipitous drop in the price of oil, a global trend that has exposed vulnerabilities in a number of industry segments and individual companies. The companies, their exposures and the complicated issues raised by their distress span the Americas. This panel will introduce the industry and recent trends, cover the ways that these companies finance themselves and operate, and discuss a number of complex multijurisdictional finance, legal, regulatory and environmental issues that will be significant in these restructurings.

This panel will explore the oil and gas industry from a restructuring perspective. The panel will also examine the unique and complex capital structures that are frequently present in oil and gas companies, which present challenges for the restructuring practitioner. Finally, the panel will review the basic features of pertinent legal documentation, including the rights and remedies of the players in this space, that must be accounted for in devising restructuring solutions.

This panel will explore the oil and gas industry from a restructuring perspective. The panel will also examine the unique and complex capital structures that are frequently present in oil and gas companies, which present challenges for the restructuring practitioner. Finally, the panel will review the basic features of pertinent legal documentation, including the rights and remedies of the players in this space, that must be accounted for in devising restructuring solutions.

This panel will feature a discussion with leading experts in the field of Latin American restructurings about the recent — and not-so-recent — updates to insolvency statutes throughout the region. While some of these new insolvency regimes remain largely untested, others offer both lessons and open questions about the potential for a true convergence of Latin American restructuring laws to other more established and tested jurisdictions. Market experts will discuss the latest developments in Latin American restructurings and offer their insights into the opportunities and challenges facing investors and lenders in the current Latin American economy.

This session will focus exclusively on recent Supreme Court decisions in bankruptcy cases, including this term’s chapter 13 cases, fee disputes and Stern updates.

This panel of Chapter 9 specialists will discuss the Chapter 9 bankruptcy process including eligibility under Chapter 9, the authority of the bankruptcy court, powers of the municipal debtor, the role of creditors, the automatic stay, issues peculiar to certain types of Chapter 9 debtors such as hospitals and cities and the recent developments in chapter 9.

A professional speaking coach will start this session with general comments on speaking, then provide specific critiques on two teams that will make a mock pitch for a new creditor group representation (ad hoc group or committee).

The existence of multiple bondholders can impose uncertainty and gamesmanship in a contest for economic gain from distressed corporate situations. The paper that they hold rarely tells the whole story; bondholders may have competing investments, undisclosed hedges and varying purchase price discounts that make it impossible to determine their true position. This panel will explore issues related to bondholder-led restructurings and takeovers, including the operation of ad hoc committees, the role of indenture trustees, conflicts, disclosures, subordination and deal structures.