Presented by the Commercial Law and Bankruptcy Section
Seminar Code: ECB170517
CT: 3.25 CLE Credits
NY: 4.0 CLE Credits (4.0 Professional Practice)
About the Program:
This program will assist both corporate and bankruptcy counsel in advising clients who wish to buy or sell distressed businesses outside of bankruptcy as well as within a bankruptcy proceeding. Experienced practitioners and an investment banker will provide practical tips to assist counsel in choosing options and devising strategies that mitigate risk and get the deal closed.
You Will Learn:
- Options for selling distressed companies
- How to identify common risks in distressed sales
- How to communicate practical tips for formulating sale strategies and getting deals closed
- Learn how investment bankers can assist (even small- to mid-sized sellers)
- Analyze ethical issues arising in distressed transactions (e.g., who’s your client, ABA opinion re: negotiations, handling scrivener’s errors and more)
- How to consider potential bankruptcy alternatives, including assignments for the benefit of creditors (ABC’s), Article 9 sales and receiverships
- The impact of recent bankruptcy law decisions, including Jevic, General Motors, and others
Who Should Attend
Corporate and bankruptcy lawyers representing sellers, buyers, lenders, and contract parties in the sales of financially distressed companies.
9:00 a.m.-9:15 a.m. Introduction – Patrick R. Linsey and Robert A. White
9:15 a.m.-10:15 a.m. Traditional Sale Outside of Bankruptcy – Jeffrey B. Gaynor & Jason A. Marsh
10:15 a.m.-11:15 a.m. ABCs, Article 9, and Receiverships – Matthew K. Beatman, Daniel C. Cohn & Thomas A. Gugliotti
11:15 a.m.-11:35 a.m. Break
11:35 a.m.-12:45 p.m. Asset Sales in Bankruptcy – Matthew K. Beatman, Daniel C. Cohn, Jeffrey B. Gaynor, Thomas A. Gugliotti and Jason A. Marsh
12:45 p.m.-1:00 p.m. Questions
Cost: Includes a light breakfast and parking in the public garage at 35 Bank St
Student Member $75
Materials for this seminar will be e-mailed to registrants prior to the seminar for download. No paper copies will be prepared. Please note that refunds will not be granted once course materials have been received.
The Connecticut Bar Association/CT Bar Institute is an accredited provider of New York State CLE. This program qualifies for transitional and non-transitional credits. Financial hardship information available upon request.