Investment Banking

Hosted By: Legislation Committee Congress recently proposed legislation to repeal Title II of Dodd-Frank (the “Orderly Liquidation Authority,” or “OLA”) and replace it with chapter 14 of the Bankruptcy Code. This 75 minute webinar will provide a basic overview of the OLA, and will introduce participants to the current chapter 14 proposal providing for the reorganization or liquidation of large financial institutions. The discussion will explore the policies underlying chapter 14 and concerns surrounding the limits of chapter 11, as well as the potential effects that this proposed legislation would have on large financial institutions and bankruptcy practitioners. SPEAKERS Thomas Jackson University of Rochester Rochester, NY Stephen Lubben Seton Hall University South Orange, N.J. Reena Sahni Davis Polk & Wardwell LLP New York Dena Kessler, Moderator BakerHostetler Washington, D.C.

Madoff: Ponzi Presentation

This panel will discuss claims, participation and loan purchases, and how they can have a significant impact on a bankruptcy case.

How do different constituencies “play” the same valuation issue? This panel will explore how and why valuation is an art and not a science in chapter 11, and will take on the challenge of debating whether or not this should trouble us as bankruptcy professionals and investors.

In today’s environment, several options exist for effectuating a restructuring of a company in distress. When is a chapter 11 filing the best option given the costs, risks and potential for reputational damage, and when is it not? This panel will discuss the fundamental questions to be asked when considering the alternatives to bankruptcy and, more specifically, when bankruptcy preserves or creates value.

This panel will consider the robustness of financial models and valuation techniques in assessing the value of financially distressed businesses vis-à-vis the market for debt and equity securities of such businesses. Market efficiency/accuracy will also be considered, as well as the circumstances that might warrant abandoning the values determined by the market in favor of a model-driven value estimate.

In 2012, an ABI commission examined the role of hedge funds in chapter 11 cases, including the impact of such funds on the bankruptcy process. Among other things, the study found that hedge funds were prevalent in chapter 11 cases and played an “activist role” in shaping bankruptcy outcomes. Despite this finding, many lawyers and business professionals who enter the restructuring world lack familiarity with hedge funds, how they function and how they can apply in a bankruptcy context. This webinar will serve as an introductory primer on hedge funds in bankruptcy and will: *Provide a non-technical overview of hedge funds and hedge fund concepts for beginners; *Explain how hedge funds can come into play in a bankruptcy case; *Explain how hedge funds can positively or negatively impact the bankruptcy process; and *Provide tips for professionals on dealing with hedge fund issues in bankruptcy cases. Click here to get Back to Basics Series - 3 Videos together.

In keeping with the theme of “understanding financial concepts,” this webinar focuses on how financial information should be presented in a litigation scenario. This is certainly not a topic limited to attorneys, as it is often financial advisors, investment bankers, accountants and other professionals who must support litigation efforts or serve as experts in eliciting testimony about financial documents. To provide restructuring professionals with a useful resource in understanding how to present financial documents as evidence, this webinar will offer the following: *A non-technical overview of rules of evidence applicable when analyzing and presenting financial documents for discovery or as trial evidence *Tips on presenting financial information and eliciting (or providing) expert testimony regarding financial documents. Click here to get Back to Basics Series - 3 Videos together.

There are many lawyers and business professionals who enter the restructuring world without accounting or business backgrounds and have a learning curve to overcome when it comes to, for instance, getting a snapshot of the current financial picture of a business by reviewing financial statements or understanding what goes into monthly operating reports and cash flow analyses. This webinar will therefore serve as a useful tool for professionals by: *Reviewing in a non-technical manner accounting basics for beginners; *Reviewing financial statements and monthly operating reports and the types of information included in such documents; *Explaining what restructuring professionals look for when reviewing financial statements or MORs to determine the issues facing a given company. Click here to get Back to Basics Series - 3 Videos together.