Investment Banking

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.

- What Every Restructuring Professional Should Know about Financial Statements and Monthly Operating Reports - What Every Restructuring Professional Should Know about Using Financial Documents as Evidence - What Every Restructuring Professional Should Know about Hedge Funds

The Jay Alix Protocol Revisited: What Is It, How and When Has It Been/Is It Applied, Should It Be Applied Rigidly or Loosely, and Does a Viable Alternative Exist? Tips for Lawyers and Financial Professionals in Dealing with the Protocol

"How to Hire the Right Financial Advisors" will provide attendees with an overview and basic understanding of the different types of financial advisors that may be relevant for in- and out-of-court cases. Our experienced panel will provide an informative discussion about matching the right type of financial advisor with the specific needs of each case, drawing upon both empirical examples and their own personal experiences. This is a perfect session for junior attorneys and/or attorneys with more limited experience in the bankruptcy environment. Topics include: • The different types of financial advisors available; • The benefits and limitations for each category of advisor; and • How to select the right advisor for the job.

The recent liquidations of Lehman, MF Global and Madoff under the Securities Investor Protection Act of 1970 (SIPA) are unprecedented in their size and complexity, and have changed the landscape of broker/dealer liquidations. This panel will discuss the nuts and bolts of liquidations under SIPA, the ways in which they differ from chapter 11 cases, and the impact of recent decisions in this area.

Was the deal ill-conceived? Was the borrower undercapitalized/overleveraged? Was it the victim of intervening circumstances and unforeseeable events? In today’s covenant-light world, more financial players and operating companies’ owners are availing themselves of relatively accessible credit facilities to cash in on the perceived value of entities with attractive balance sheets. But what happens if the company later fails and ends up in bankruptcy? Are redeeming shareholders really supposed to be the guarantors of the deal’s success?

Legal and cultural investor considerations in specific European jurisdictions (e.g., U.K., Germany and Spain); how the option of U.S. chapter 11 influences investor outcomes; update on the status of bankruptcy reforms in European jurisdictions; multi-jurisdictional issues within European restructurings; how the distressed market functions and impacts restructurings (liquidity, transparency, etc.)

And Now That the Auction Is Over, Let the Bidding Begin

Financial Advisors Track: Current Issues for Financial Advisors in Bankruptcy Cases This panel will discuss the various governance, operational and quasi-legal issues that financial advisors deal with on a day-to-day basis before, during and after the commencement of a chapter 11 case. Topics will include addressing management fraud, dealing with ERISA/labor/WARN Act/union issues, navigating corporate governance issues, Dodd-Frank compliance, and the state of the law on pursuit of accounting and securities fraud claims.

An in-depth discussion from the front lines of distressed investing, with multiple perspectives on how deals and decisions are made. The issues and outcomes for real companies are addressed from the perspectives of judge, financial advisor, debtor and distressed investor.