15th Annual NYIC/AIRA Joint Bankruptcy and Restructuring Event

Description

Join NYIC and AIRA for this Informative Event 

Our two panels will take a deep dive into the latest news in the banking and restructuring world. Refreshments and lunch will be provided.

Panel 1: New Bankruptcy Law Chapter 5

Congress has passed and the president (hopefully) has signed the “Small Business Reorganization Act”. The act is intended to dramatically change a majority of Chapter 11 bankruptcies for the better-primarily small businesses with liabilities of less than $2.56 million. Small business bankruptcies have been too expensive and too complicated with too many procedures to enable many small businesses to reorganize.

This panel will address the key provisions of the Act, including eligibility, appointment of a trustee, duties and reporting requirements, contents of a plan and other key items necessary for successful confirmation of a plan, as well as other changes to the Code which are applicable to all Chapter 11 cases.

Panelists

Moderator: Stephen Darr Managing Director Huron Consulting	William K. Harrington United States Trustee (Region 2) U.S. Department of Justice	Jil Mazer Marino Partner Cullen & Dykman	Honorable  Jerrold N. Poslusny, Jr. U.S. Bankruptcy Judge for the District of NJ	Honorable  Elizabeth S. Stong U.S. Bankruptcy Judge for the Eastern District of New York

Panel 2: Libor Transition

By December 2021, LIBOR is expected to stop being calculated. LIBOR is utilized in approximately $200 trillion of financial instruments in the U.S. on an annual basis. These financial instruments include, but are not limited to, (i) variable rate notes and mortgages, (ii) consumer loans, (iii) bonds and (iv) importantly, derivatives.

 Topics will include:

• General LIBOR transition timeline/milestones
• Federal reserve/other regulatory body guidance
• Alternate rate concerns
• Disclosure and other litigation issues

 All those active in the financial markets, whether in real estate, bankruptcy, not-for-profit (including health care), corporate and private equity should attend so they are prepared for “The End of LIBOR.”

Panelists

Moderator: Les Jacobowitz Partner Arent Fox	James Murphy Managing Director Swap Financial Group	Franck Risler Senior Managing Director FTI Consulting

3.0 CPE Credits
CLE pending