2018 Distressed Investing Conference

November 26, 2018

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2018 Conference Agenda

 7:30 a.m.
Registration & Continental Breakfast 

8:00 a.m.
Chairs' Opening Remarks

• Harold L. Kaplan, Partner, FOLEY & LARDNER LLP
• Norm Lieu, Director, CONWAY MACKENZIE

8:10 a.m.
Year in Review & New Business Opportunities

• Steven L. Gidumal, Managing Partner, VIRTUS CAPITAL, LP

Our speaker, Steve Gidumal, is always thought provoking and is back for his 23rd year to review the year in distressed investing and bring his insights and unique perspectives on what to expect in the coming year.

8:50 a.m.
Recruitment of Directors for Companies Entering or Emerging from Bankruptcy
Moderator: Steven A. Seiden, President, SEIDEN KRIEGER ASSOCIATES EXECUTIVE RECRUITERS
Panelists:

• John Dubel, a well-known and respected turnaround professional, formerly at ALIXPARTNERS
• Adam H. Friedman, Partner, OLSHAN FROME WOLOSKY LLP
• David Pauker, Independent Director and Turnaround Manager

There was a time when creditors becoming equity holders opted to put their own representatives on such boards with greater concern for short-term objectives than long-term strategy. Recently there has developed a trend toward independent post-bankruptcy boards that act in more than a ceremonial role.  This new kind of board ultimately plays a critical part in maximizing future shareholder value. Learn how to put functional boards in place and the issues attendant to the recruitment of new directors to serve in those roles. 

9:40 a.m.
Morning Networking Break

10:00 a.m.
Maximizing Enterprise Value 
Moderator: Mark F. Hebbeln, Partner, FOLEY & LARDNER LLP​
Panelists:

• Cindy Chen Delano, Senior Legal Analyst, WHITE BOX ADVISORS LLC
• Ira Perlmuter, Founder and Managing Director, T5 EQUITY PARTNERS, LLC
• Joseph E. Sarachek, Founding Principal, TRIAX CAPITAL ADVISORS, LLC.
• Robert J. Stark, Partner, BROWN RUDNICK LLP (invited)

Family Offices have gotten much more actively involved in direct private equity investing.  Many of these families have acquired companies and/or real estate in bankruptcy or distress. This panel will introduce anecdotes about several families who have made, or who have sought to make bankruptcy/distressed acquisitions. 

10:50 a.m.
Current Trends and Developments in Both Cross-Border Cases and Municipal Insolvency Matters: A Guide For Distressed Investors
Moderator: William A. "Bill" Brandt, Jr. - Founder & Executive Chairman, DEVELOPMENT SPECIALISTS, INC.​
Panelists:

• Lauren C. Doyle, Partner, MILBANK​, TWEED, HADLEY & MCCLOY
• Peter S. Kaufman, President and Head of Restructuring and Distressed M&A, GORDIAN GROUP, LLC.
• Lisa Laukitis, Partner, SKADDEN, ARPS, MEAGHER, & FLOM, LLP
• Richard E. Mikels, Senior Partner, PACHULSKI STANG ZIEHL & JONES

This panel will discuss current trends and developments, taking us through the last year of bank bailouts and public debt with a look at potential pitfalls in both domestic and international markets, including, Venezuela; providing practical advice on how to avoid these pitfalls and giving insight into the year ahead for distressed investors.

11:45 a.m.
Annual Awards Luncheon
Beard Group will present the Harvey R. Miller Outstanding Achievement Award for Service to the Restructuring Industry to Edward I. Altman, Professor, NYU Stern School of Business.
Previous recipients of the Harvey Award were:

•      2001 Harvey Miller
•      2002 Steve Cooper, Zolfo Cooper
•      2003 Wilbur Ross, U.S. Secretary of Commerce
•      2004 Jay Alix, AlixPartners
•      2005 Arthur Newman, The Blackstone Group
•      2006 Tony Alvarez II, Alvarez & Marsal
•      2007 David Tepper, Appaloosa Management
•      2008 William C. Repko, Evercore Partners
•      2009 Al Koch, AlixPartners
•      2010 Barry Ridings, Lazard
•      2011 David Resnick, Rothschild
•      2012 Jay Goldin, Goldin Associates
•      2013 Marty Whitman, Third Avenue Management
•      2014 Jim Millstein, Millstein & Co.
•      2015 Ken Buckfire, Miller Buckfire & Co. 
•      2016 Jack Butler, BirchLake Holdings
•     2017 Marc Lasry, Avenue Capital Group

1:30 p.m.
Leveraged Credit & Special Situations
Moderator: Norm Lieu, Director, CONWAY MACKENZIE
Panelists:

• Harrison Denman, Partner, WHITE & CASE LLP
• Jason Perri, Partner, AMERICAN INDUSTRIAL PARTNERS
• ​​Robert Silverman, Head of Special Asset Management, Americas, BARCLAYS BANK
• Michael Turgel, Senior Credit Analyst, Bank Loan Division, EATON VANCE

2:20 p.m.
Monetizing Difficult Assets - Litigation Trusts
Moderator: Andrew Ragsly, Managing Editor, North America, DEBTWIRE, An Acuris Company
Panelists:

• Lee E. Buchwald, President & CEO, BUCHWALD CAPITAL ADVISORS LLC
• Tim Daileader, Partner, DRIVE TRAIN LLC
• Lorenzo Marinuzzi, Partner & Global Co-Chair, Business Restructuring & Insolvency Group, MORRISON & FOERSTER LLP

No one said it would be easy. A host of recent restructurings has challenged the market to scope out new game theories where outcomes are uncertain. Panelists will debate best practices, lessons learned and the outlook for event-driven workouts where litigation trusts, asset transfers, Chapter 11 rights offering disputes, post-restructuring valuation hurdles, regulatory pressures and other variables are at play.
3:20 p.m.
Afternoon Networking Break

3:40 p.m.
Quarter-Century Practitioners' Discussion

• Corinne Ball, Partner, JONES DAY
• Jack Butler, CEO, BIRCH LAKE HOLDINGS LP
• Kenneth S. Ziman, Managing Director of Restructuring, LAZARD 
• Joshua A. Sussberg, P.C., Partner, KIRKLAND & ELLIS LLP

4:30 p.m.
Investors' Roundtable

• Matthew Dundon, Principal, DUNDON ADVISERS, LLC
• Steven L. Gidumal, Managing Partner, VIRTUS CAPITAL, LP
• Gary E. Hindes, Managing Director, THE DELAWARE BAY COMPANY LLC
• Dave Miller, Equity Partner, Senior Portfolio Manager, and Head of U.S. Restructuring, ELLIOTT MANAGEMENT CORP.

There's a high probability that you'll want to call your broker with a buy or sell order following this roundtable discussion.

5:00 p.m.
Conference concludes

5:30 p.m.
Dinner honoring the 2018 Turnarounds & Workouts Outstanding Young Restructuring Lawyers:
Mistress of Ceremonies: Stephanie Wickouski, Partner, BRYAN CAVE LEIGHTON PAISNER LLP
Lawyers:

• Adam Brenneman at Cleary Gottlieb Steen & Hamilton
• Jonathan Canfield at Stroock & Stroock & Lavan LLP
• Ryan Preston Dahl at Weil, Gotshal & Manges LLP
• Christopher Greco at Kirkland & Ellis LLP
• Vincent Indelicato at Proskauer Rose LLP
• Brian J. Lohan at Arnold & Porter Kaye Scholer LLP
• Jennifer Marines at Morrison & Foerster LLP
• Christine A. Okike at Skadden, Arps, Slate, Meagher & Flom LLP
• Peter B. Siroka at Fried, Frank, Harris, Shriver & Jacobson LLP
• Matthew B. Stein at Kasowitz Benson Torres LLP
• Eli Vonnegut at Davis Polk & Wardwell LLP
• Matthew L. Warren at Latham & Watkins LLP