7:30 a.m. – 8:30 a.m.
Continental Breakfast
Continental Breakfast
8:00 a.m. – 8:10 a.m.
Chairs' Opening Remarks
Chairs' Opening Remarks
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Joshua A. Sussberg, P.C.
Partner/Restructuring Kirkland & Ellis LLP |
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Harold L. Kaplan
Partner/PG Chair - Corporate Trust & Bond Rights Foley & Lardner LLP |
8:10 a.m. – 8:45 a.m.
Year in Review & A Look Ahead to 2022
After more than a year and half into one of the most tumultuous times in modern memory, we take a review of distressed investing while giving our audience a look ahead at what to expect in the coming year with tapering by the Fed, low interest rates and more.
Year in Review & A Look Ahead to 2022
After more than a year and half into one of the most tumultuous times in modern memory, we take a review of distressed investing while giving our audience a look ahead at what to expect in the coming year with tapering by the Fed, low interest rates and more.
Steven L. Gidumal
President and Managing Partner
Virtus Capital, LP
President and Managing Partner
Virtus Capital, LP
8:50 a.m. – 9:40 a.m.
Liability Management and Litigation Going into Chapter 11
Debtors are increasingly focusing on pre-default and pre-bankruptcy “Liability Management” transactions, including, collateralizing and maxing out draws on existing debt, transferring assets to unrestricted affiliates, releasing guarantees and liens--all preparing Debtors for negotiating and effecting desired Chapter 11 restructurings, while often leading to litigation challenges. Hear from experts who structure, challenge and defend such transactions.
Liability Management and Litigation Going into Chapter 11
Debtors are increasingly focusing on pre-default and pre-bankruptcy “Liability Management” transactions, including, collateralizing and maxing out draws on existing debt, transferring assets to unrestricted affiliates, releasing guarantees and liens--all preparing Debtors for negotiating and effecting desired Chapter 11 restructurings, while often leading to litigation challenges. Hear from experts who structure, challenge and defend such transactions.
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Harold L. Kaplan (Moderator)
Partner/PG Chair - Corporate Trust & Bond Rights Foley & Lardner LLP |
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Harrison L. Denman
Partner/ Financial Restructuring and Insolvency White & Case LLP |
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Mark F. Hebbeln
Partner Foley & Lardner LLP |
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Mark Kalla
Senior Vice President, Specialty Corporate Trust UMB |
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Alexandra Schwarzman
Partner/Corporate Restructuring Kirkland & Ellis LLP |
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Ian J. Silverbrand
Vice President, Distressed Products Group Goldman, Sachs & Co. |
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Christian Tempke
Managing Director Lazard |
9:40 a.m. – 9:55 a.m.
Morning Networking Break
Morning Networking Break
10:00 a.m. – 10:45 a.m.
The Great Debate: Real Estate Valuation in the Face of a Global Pandemic
The panel will explore recent real estate-related chapter 11 cases, including Washington Prime, CBL and PREIT, to consider the various underlying issues leading to complications in valuation during the global pandemic.
The Great Debate: Real Estate Valuation in the Face of a Global Pandemic
The panel will explore recent real estate-related chapter 11 cases, including Washington Prime, CBL and PREIT, to consider the various underlying issues leading to complications in valuation during the global pandemic.
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Joshua A. Sussberg, P.C. (Moderator)
Partner/Restructuring Kirkland & Ellis LLP |
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Ronen Bojmel
Senior Managing Director and Head of Restructuring Guggenheim Securities, LLC. |
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Chad J. Husnick, P.C.
Partner, Restructuring Kirkland & Ellis LLP |
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Barak Klein
Managing Director Moelis & Company |
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Damian S. Schaible
Partner, Restructuring Davis Polk |
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Robert J. Stark
Partner, Practice Group Leader of the Firm’s Bankruptcy & Corporate Restructuring Practice Brown Rudnick |
10:50 a.m. – 11:40 a.m.
Changes on the Far Eastern Horizon: What Do Political and Policy Changes Portend for Distressed Investing in Asia?
Corporate bond defaults in China have hit a record high, and the government also seems to be adjusting its political and policy approaches to its substantial property market, as seen in the Evergrande, Fantasia, and Sinic matters, indicating that the government may be working to try and control the runaway growth of debt. What does this mean for folks in our industry, both on the restructuring and the investing sides, and how likely are these near-term trends in the Far East likely to spread to other economies and areas in Asia?
Changes on the Far Eastern Horizon: What Do Political and Policy Changes Portend for Distressed Investing in Asia?
Corporate bond defaults in China have hit a record high, and the government also seems to be adjusting its political and policy approaches to its substantial property market, as seen in the Evergrande, Fantasia, and Sinic matters, indicating that the government may be working to try and control the runaway growth of debt. What does this mean for folks in our industry, both on the restructuring and the investing sides, and how likely are these near-term trends in the Far East likely to spread to other economies and areas in Asia?
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William (Bill) A. Brandt, Jr. (Moderator)
Founder and Executive Chairman Development Specialists, Inc. |
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Mark D. Bloom
Partner Baker McKenzie |
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John A. Pintarelli
Partner Pillsbury Winthrop Shaw Pittman LLP |
11:45 a.m. – 1:15 p.m.
Harvey R. Miller Annual Awards Luncheon
Beard Group will present the Harvey R. Miller Outstanding Achievement Award for Service to the Restructuring Industry.
Harvey R. Miller Annual Awards Luncheon
Beard Group will present the Harvey R. Miller Outstanding Achievement Award for Service to the Restructuring Industry.
1:30 p.m. – 2:20 p.m.
The Ongoing Impact of COVID-19 on the Hospitality Industry and Distressed Assets
Between governmental restrictions on travel, the world transitioning to zoom meetings, and prohibitions against large indoor gatherings, owners and investors in the hospitality industry have suffered great losses during the pandemic. Our experts will discuss the impact of COVID on the hospitality industry, including, the inability to project accurately when the industry will return to pre-pandemic levels and how this inability has created challenges in formulating valuations of these businesses (and distressed assets generally).
The Ongoing Impact of COVID-19 on the Hospitality Industry and Distressed Assets
Between governmental restrictions on travel, the world transitioning to zoom meetings, and prohibitions against large indoor gatherings, owners and investors in the hospitality industry have suffered great losses during the pandemic. Our experts will discuss the impact of COVID on the hospitality industry, including, the inability to project accurately when the industry will return to pre-pandemic levels and how this inability has created challenges in formulating valuations of these businesses (and distressed assets generally).
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Lorenzo Marinuzzi (Moderator)
Partner Morrison & Foerster LLP |
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Jeffrey Altman
Managing Director Jefferies |
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Kathleen Lauster, CFA
Managing Director / Group Leader DLA Capital Advisors |
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Mark D. Podgainy
Managing Director Getzler Henrich & Associates LLC |
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Robert White
Managing Director Jefferies |
2:20 p.m. – 3:20 p.m.
The Challenges and Evolving Demands Facing Independent Directors
The challenges and evolving demands facing independent directors during turbulent times, changing dynamics in the capital markets and potential upcoming legislative action have gained focus in recent years as some begin to question the impartiality of independent directors. Our restructuring experts will discuss the role of independent directors in today’s marketplace; the role of private equity firms, creditors, and more.
The Challenges and Evolving Demands Facing Independent Directors
The challenges and evolving demands facing independent directors during turbulent times, changing dynamics in the capital markets and potential upcoming legislative action have gained focus in recent years as some begin to question the impartiality of independent directors. Our restructuring experts will discuss the role of independent directors in today’s marketplace; the role of private equity firms, creditors, and more.
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Didier Siffer (Moderator)
Managing Director, Restructuring and Turnaround Services Riveron |
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Patrick Bartels
Managing Member Redan Advisors and Independent Director |
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Madlyn Gleich Primoff
Partner, Restructuring and Insolvency Freshfields Bruckhaus Deringer LP |
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Sherman Edmiston III
Independent Director Hi CapM |
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Ray C. Schrock, P.C.
Co-Chair, Restructuring Department Weil, Gotshal & Manges LLP |
3:20 p.m. – 3:40 p.m.
Afternoon Networking Break
Afternoon Networking Break
3:40 p.m. – 4:30 p.m.
Investing in Distressed Healthcare Industry Assets: Just What The Doctor Ordered!
The healthcare industry represents almost 20% of GDP and presents opportunities for distressed investment across all sectors. The global pandemic has caused tremendous financial challenges for the industry, including reductions in revenue from, among other things, cessation of non-emergency procedures, coupled with greatly increased costs, including from treating COVID patients and labor costs. Meanwhile, recent legal rulings with regard to the sales of distressed healthcare assets have also increased the potential for maximizing value in a distressed acquisition. This panel will discuss these issues, the current status of the various industry sectors as we emerge from the pandemic, and the “hot” sectors of the industry for distressed investing.
Investing in Distressed Healthcare Industry Assets: Just What The Doctor Ordered!
The healthcare industry represents almost 20% of GDP and presents opportunities for distressed investment across all sectors. The global pandemic has caused tremendous financial challenges for the industry, including reductions in revenue from, among other things, cessation of non-emergency procedures, coupled with greatly increased costs, including from treating COVID patients and labor costs. Meanwhile, recent legal rulings with regard to the sales of distressed healthcare assets have also increased the potential for maximizing value in a distressed acquisition. This panel will discuss these issues, the current status of the various industry sectors as we emerge from the pandemic, and the “hot” sectors of the industry for distressed investing.
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Samuel R. Maizel (Moderator)
Chair, Distressed Health Care Dentons |
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Peter Chadwick
Managing Director Berkeley Research Group, LLC |
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Suzanne Gibbons
Managing Member Davidson Kempner Capital Management LP |
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Tania M. Moyron
Partner Dentons |
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Andrew Turnbull
Managing Director Houlihan Lokey |
4:30 p.m. – 5:15 p.m.
Annual Distressed Investors’ Roundtable
Annual Distressed Investors’ Roundtable
Steven L. Gidumal (Moderator)
President and Managing Partner
Virtus Capital, LP
President and Managing Partner
Virtus Capital, LP
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Matthew Dundon
Principal Dundon Advisors LLC |
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Richard M. Fels
Managing Director Odeon Capital Group |
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Gary E. Hindes
Managing Director The Delaware Bay Company LLC |
5:20 p.m.
Closing Remarks
Closing Remarks
5:30 p.m. – 7:30 p.m.
Annual Awards and Reception Honoring Outstanding Young Restructuring Lawyers
Join us for the Reception and Awards honoring the 2021 Turnarounds & Workouts Outstanding Young Restructuring Lawyers.
Annual Awards and Reception Honoring Outstanding Young Restructuring Lawyers
Join us for the Reception and Awards honoring the 2021 Turnarounds & Workouts Outstanding Young Restructuring Lawyers.
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Stephanie Wickouski
Master of Ceremonies Partner Locke Lord LLP |
For speaking and sponsorship opportunities, contact:
Contact:
Bernard Toliver
(240) 629-3300 ext. 149
bernard@beardgroup.com
Contact:
Bernard Toliver
(240) 629-3300 ext. 149
bernard@beardgroup.com