2015 VALCON, 2013

NO CLE - Standard of Value

The federal code (and similarly state law) define "insolvent" as a "financial condition such that the sum of [the] entity's debts is greater than all of [the] entity's property, at a fair valuation..." 11 U.S.C. § 101(32)(A). Fair valuation is not defined in the bankruptcy code. How does fair valuation for solvency differ from fair market value which is used for valuation for income tax purposes? Or fair value which is used in shareholder oppression matters?

If you are already a member please login to the right. Your audio or video will be available immediately, or otherwise you may Become an ABI Member

Media: Audio
Conference:
Speakers:
Tags:

NO CLE - Ethics Tales from the Front (and Side)

A judge and law professor discuss important areas that raise ethical issues, including the selection, usefulness and credibility of witnesses such as valuation experts; the ethics of advocacy and the role of zealousness; and stories about the surprising mistakes that people make.

If you are already a member please login to the right. Your audio or video will be available immediately, or otherwise you may Become an ABI Member

Media: Audio
Conference:
Speakers:
Tags: ,

NO CLE - Primer on Financing Issues for Municipalities

An overview of the chapter 9 process, why municipalities do or do not file for chapter 9 protection, and the financial liabilities municipalities face, including bond debt, budget shortfalls, unfunded pension liabilities and costly union contracts. The discussion includes methods for restructuring bond debt under a plan of adjustment, issues related to general obligation bonds and special revenue bonds, how such claims are treated under Chapter 9, and related plan confirmation and valuation issues.

If you are already a member please login to the right. Your audio or video will be available immediately, or otherwise you may Become an ABI Member

Media: Audio
Conference:
Speakers:
Tags: , ,

NO CLE - Implications of Valuations from the Board of Directors’ Perspective

Valuation can be a squishy thing. This panel examines how valuation analyses and disputes can be shaped and impacted based on the shifting positions and perspectives of directors and their advisors. Minority investors may push back on management's projections; special and independent committees may change board dynamics and influence views regarding valuation inputs; interested parties without a direct line to the board may attempt to influence valuation through litigation or posturing. These and other scenarios can greatly impact how directors view and utilize the valuation process.

If you are already a member please login to the right. Your audio or video will be available immediately, or otherwise you may Become an ABI Member

Media: Audio
Conference:
Speakers:
Tags: ,

NO CLE - Valuation, Restructuring and Taxes: The Good, the Bad and the Ugly

A bankruptcy reorganization or out-of-court restructuring can significantly impact tax attributes such as NOLS and basis. The existence of and ability to use such attributes after a reorganization or restructuring often affects value. Two common issues must be considered with regard to a transaction’s impact on such items: the reduction of tax attributes and limitations on the ability to use tax attributes. The topics addressing absorption of tax attributes include discharge of indebtedness income, attribute reduction, stock-for-debt exchanges, debt modifications and elections.

If you are already a member please login to the right. Your audio or video will be available immediately, or otherwise you may Become an ABI Member

NO CLE - Multi-National Restructurings: A Comparative View of Select Jurisdictions

The core of restructuring in the United States is the value of the entity at various points in time. The valuation of the post-restructured business plan is one of the most contentious yet essential components of restructuring. In the U.S. valuation takes on a strategic and tactical significance. It impacts the form of restructure, sale v. reorganization, and going concern v. liquidation. This panel contrasts approaches used by other jurisdictions around the world.

If you are already a member please login to the right. Your audio or video will be available immediately, or otherwise you may Become an ABI Member

NO CLE - Keynote Luncheon Presentation: Gallatin’s Revenge: Sovereign Debt Sustainability and Valuation in the Modern Era

Albert Gallatin was the longest-serving U.S. Secretary of the Treasury (1801-1814) and came into office as a professed anti-Federalist, ardent proponent of fiscal responsibility, and vocal opponent of Alexander Hamilton’s financial policies. However, Gallatin failed to accomplish the Jeffersonian objectives of shrinking the national debt and eliminating taxes, as he was forced to finance a war with Great Britain and the purchase of the Louisiana territory. Gallatin also supported the First Bank of the United States and proposed federally financed infrastructure projects.

If you are already a member please login to the right. Your audio or video will be available immediately, or otherwise you may Become an ABI Member

NO CLE - Judicial Panel: Viewing valuation from the bench--what matters most to judges.

If you are already a member please login to the right. Your audio or video will be available immediately, or otherwise you may Become an ABI Member

Media: Audio
Conference:
Speakers:
Tags: , ,

NO CLE - Inside Look at Distressed Investing

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.

If you are already a member please login to the right. Your audio or video will be available immediately, or otherwise you may Become an ABI Member

Media: Audio
Conference:
Speakers:
Tags: ,

NO CLE - Fundamentals of Valuation Analysis, Part I: Valuation Models

A "basics" valuation session, demonstrating the use of basic models in actual bankruptcy cases as well as litigation, and showing how basic models are in many ways superior to more complicated models sometimes used by academics and specialized practitioners.

If you are already a member please login to the right. Your audio or video will be available immediately, or otherwise you may Become an ABI Member

Media: Video
Conference:
Speakers:
Tags:
Syndicate content