Events

INTERNATIONAL INSOLVENCY INSTITUTE FOURTH ANNUAL INTERNATIONAL INSOLVENCY CONFERENCE
Fordham University Law School, New York
Monday, June 7, 2004 and Tuesday, June 8, 2004

Conference
Co-Chairs:

John A. Barrett, Fulbright & Jaworski, LLP, Houston, Texas
E. Bruce Leonard, Cassels Brock & Blackwell LLP, Toronto, Canada

Summary of Contents

Examiners and Insolvency Administrators: Developing Issues and Responsibilities
Directors’ Liabilities and Corporate Governance in Insolvency and Pre-Insolvency Cases Worldwide
The III Annual Review of Great Transnational Insolvency Cases
Coordinating Multinational Insolvency Cases
DIP Financing in Multinational Reorganizations
Trends and Developments in Asian Insolvencies
International Distressed Investing
Operating Under the New European Insolvency System
Developments and Trends in Latin American Insolvencies and Restructurings
Tax Priorities in Bankruptcy Cases Worldwide
I. Resource Materials – International Organization Projects
II. Resource Materials – Domestic Insolvency Legislation (16 countries)
III. Resource Materials – Major Cross-Border Insolvency Protocols

The International Insolvency Institute:

Members of the International Insolvency Institute (2004)

III Judicial Liaison Council Members
III Academic Forum Members

Monday, June 7, 2004

9:10 - 10:00 Keynote Address

1. Order Appointing Examiner in Re Enron Corporation (April 8, 2002)

2. Final Report of Neal Batson, Court-Appointed Examiner in Re Enron Corporation (November 4, 2003)

3. Order Discharging Examiner in Re Enron Corporation (December 17, 2003)

4. Order Granting Discovery Immunity to Examiner in Re Enron Corporation (February 19, 2004)

10:20 – 11:30 Examiners and Insolvency Administrators: Developing Issues and Responsibilities:

Chair: John A Barrett, Fulbright & Jaworski, Houston

Panel: Dr. Eberhard Braun, Schultze & Braun, Achern, Germany
Hon. Samuel L. Bufford, United States Bankruptcy Court, Los Angeles
Max Mendelsohn, Mendelsohn, Montreal
Barry W. Ridings, Lazard Freres & Co. LLC
New York

1. German Corporate Governance Code, as amended on May 21, 2003 (English Translation) (Dr. Eberhard Braun).

2. The Canadian Insolvency System: A Brief Overview (Max Mendelsohn).

3. Plan Implementation and Claims Processes in Canada (Max Mendelsohn).

4. Trends in Restructuring and Post-Restructuring Equity Valuation (Barry W. Ridings).

11:30 – 12:30 Directors’ Liabilities and Corporate Governance in Insolvency and Pre-Insolvency Cases Worldwide: (Presented by the III Committee on Corporate and Professional Responsibilities in Bankruptcy)

Chairs: J. William Boone, Alston & Bird, Atlanta

Joel R. Ohlgren, Sheppard, Mullin, Richter & Hampton, Los Angeles , and

Robin E. Phelan, Haynes and Boone, Dallas, (Co-Chairs, III Committee on Corporate and Professional Responsibilities in Bankruptcy)

Panel: Gerhard Gispen, Simmons & Simmons Trenite, Rotterdam

Pekka Jaatinen, Castren & Snellman, Helsinki

Miguel De Avillez Pereira, Abreu, Cardigos & Associados, Lisbon

Jennifer Sutton, Wellington, New Zealand

1. Implementation of the Directives on the Reorganisation and Winding Up of Credit Institutions and Insurance Undertakings in Finland (Pekka Jaatinen).

2. Directors’ Liabilities and Corporate Governance in Insolvency and Pre-Insolvency Cases Worldwide (Joel R. Ohlgren):

(i) Introduction

(ii) Paper: Knowing “When to Hold Them and When to Fold Them”: Negotiating the Fiduciary Challenges Facing Officers and Directors Post-Insolvency (Michael T. Haworth, Esq. and Joel R Ohlgren, Esq.)

(iii) Committee Survey on Director’s and Officer’s Responsibilities

(iv) Analysis of Committee Survey

3. Portugal Survey on Corporate and Professional Responsibilities (Miguel De Avillez Pereira).

2:00 – 3:00 The III Annual Review of Great Transnational Insolvency Cases: (Presented by the III Committee on Transnational Litigation)

Co-Chairs: Evelyn H. Biery, Fulbright & Jaworski, San Antonio and Houston and Gary S. Lee, Lovells, New York (Co-Chairs, III Committee on Transnational Litigation)

Panel: Marcia L. Goldstein, Weil, Gotshal & Manges LLP, New York

Steven T. Kargman, Export-Import Bank of the United States, Washington, D.C

Judith Elkin, Haynes and Boone, Dallas

Christopher K. Grierson, Lovells, London

Robert J. Rosenberg, Latham & Watkins, New York

1. Extra-Territorial Application of Section 524(g) of the U.S. Bankruptcy Code to Non-U.S. asbestos Claims: In re Federal-Mogul, Inc., et al. (Judith Elkin).

2. Bank of Credit and Commerce International SA v. Bank of England (Christopher Grierson).

3. Negotiating Emerging Market Debt Restructurings: Recognizing the Warning Signs of a non-Cooperative Debtor (Steven T. Kargman); (First published in The Journal of Private Equity and reprinted with permission).

4. Tackling Restructuring in Emerging Markets – Part III (Steven T. Kargman); (First published in the International Financial Law Review and reprinted with permission).

3:00 – 4:00 Coordinating Multinational Insolvency Cases: (Presented by the III Committee on Cross-Border Communications)

Co-Chairs: Gabriel Moss, Q.C., 3-4 South Square Chambers, London and Nick Segal, Davis, Polk & Wardwell, New York (Co-Chairs, III Committee on Cross-Border Communications)

Panel: Sarah Paterson, Slaughter & May, London

Prof. Jay L. Westbrook, University of Texas, Austin

Mr. Justice R.H. Zulman, Supreme Court of Appeal of South Africa, Parklands, South Africa

1. Guidelines Applicable to Court-to-Court Communications in Cross-Border Cases.

2. Cenargo: A Tale of Two Courts, Comity and (Alleged!) Contempt (Susan Moore, London).

3. Stonington Partners, Inc. v. Lernout & Hauspie Speech Products N.V. (U.S.Third Circuit Court of Appeals, 2002).

4. International Judicial Negotiation (Professor Jay L. Westbrook).

4:00 – 5:00 DIP Financing in Multinational Reorganizations: (Presented by the III Committee on Conventions in Cross-Border Insolvency Financing)

Co-Chairs: Ben B. Floyd, Floyd Jones Rios Wahrlich, Houston and

Daniel M. Glosband, Goodwin Procter LLP, Boston

Project

Reporter: Professor Susan Block-Lieb,

Fordham University Law School, New York

1. Post-Commencement Finance: Excerpts from Draft UNCITRAL Legislative Guide on Insolvency Law (Professor Susan Block-Lieb, Ben B. Floyd, and Daniel M. Glosband).

2. Post-Commencement Financing – A Comparative Guide (Professor Susan Block-Lieb).

3. Post-Commencement Financing – A Comparative Matrix (Professor Susan Block-Lieb).

4. Digest of Financing Provisions from Cross-Border Insolvency Protocols (Daniel M. Glosband, 2003).

5. INSOL International Statement of Principles for a Global Approach to Multi-Creditor Workouts.

6. Guidelines for Financing Requests: United States Bankruptcy Court for Southern District of New York (September 9, 2002).

Tuesday, June 8, 2004

9:10 – 10:15 Trends and Developments in Asian Insolvencies: (Presented by the III Committee on Asian Developments)

Chair: George M. Kelakos, Heller Ehrman White & McAuliffe, New York (Chair, III Committee on Asian Developments)

Panel: Schinichiro Abe, Bingham McCutchen, Tokyo

Professor Charles D. Booth, University of Hong Kong, Hong Kong

Thomas M. Gaa, Bialson, Bergen & Schwab, Palo Alto

Steven T. Kargman, Export-Import Bank of the United States, Washington, D.C

Cynthia Pornavalai, Tilleke & Gibbins International Ltd., Bangkok, Thailand

Arnold M. Quittner, Pachulski, Stang, Ziehl Young, Jones & Weintraub, P.C., Los Angeles

Carson Wen, Heller Ehrman White & McAuliffe, Hong Kong, P.R.C.

1. Recent Developments in Insolvency in Japan (Shinichiro Abe – PowerPoint presentation).

2. Current Status of Insolvency Law Reform Efforts in China (Professor Charles D. Booth).

3. Project Finance Restructurings and Corporate Debt Restructurings in the Emerging Markets: A Comparative Overview (Steven T. Kargman); (First published in the Journal of Structured and Project Finance and reprinted with permission).

4. Tackling Restructuring in Emerging Markets – Part II (Steven T. Kargman); (First published in the International Financial Law Review and reprinted with permission).

5. Bankruptcy Law and Practice in Thailand (Cynthia M. Pornavalai); (Submitted for publication in Norton Annual Survey of Bankruptcy Law).

6. Introduction to and Overview of United States Cross-Border Insolvency Issues (Arnold M. Quittner).

7. Restructuring Approaches used in Japan (Dr. Shinjiro Takagi, Industrial Revitalization Corporation of Japan, Tokyo).

8. Charts: Balance of Non- and Poor-Performing Loans in Banks across the Nation (Chart 1); Balance and Rate of Non- and Poor-Performing Loans among Major Banks (Chart 2); Balance of Non- and Poor-Performing Loans (Chart 3); and Financial Support for Major Construction Companies in the Past (Chart 4) (Dr. Shinjiro Takagi, Industrial Revitalization Corporation of Japan, Tokyo).

10:40 – 12:00 International Distressed Investing:

Chair: John Wm. Butler Jr., Skadden, Arps, Slate, Meagher & Flom, LLP, Chicago

Panel: William G. Derrough, Jeffries & Co., New York

Evan D. Flaschen, Bingham McCutchen LLP, Hartford

Leonard H. Gilbert, Holland & Knight, Tampa

Hon. Allan L. Gropper, United States Bankruptcy Court, Southern District of New York, New York

Neil McCauley, Standard Chartered Bank, New York

1. International Distressed Investing – PowerPoint presentation (John Wm. Butler Jr.).

2. Distressed Debt Investing and the United States Bankruptcy Code (Evan D. Flaschen).

3. Current Developments in International Insolvency Law: A United States Perspective (Hon. Allan L. Gropper).

12:00 – 12:30 Operating Under the New European Insolvency System: (Presented by the III Committee on European Union Developments)

Co-Chairs: Gabriel Moss, Q.C., London and Professor Bob Wessels, Holland van Gijzen, Amsterdam (Co-Chairs, III Committee on European Union Developments)

Panel: Martin Bienenstock, Weil, Gotshal & Manges, New York

Professor Harry Rajak, University of Sussex, Brighton

Jonathan Rushworth, Slaughter & May, London

Miguel Torres, Mullerat, Barcelona, Spain

Robert Van Galen, Nauta Dutilh, Amsterdam

1. The Spanish Insolvency Act 2003 and its Impact on International Business (Sergi Giménez, Mullerat, Barcelona); (Submitted for publication in the International Company and Commercial Law Review, 2003).

2. The Inter-Relationship between Main and Secondary Bankruptcies under the E.U. Regulation (Professor Harry Rajak).

3. The Centre of Main Interests and Groups of Companies under the E.U. Regulation (Miguel Torres).

4. Non-EU Insurance Companies and Banks and the EU Directives 2001/17 and 2001/24 on Reorganisation and Winding-Up of Insurance Undertakings and Credit Institutions (Professor Bob Wessels).

5. European Union Regulation on Insolvency Proceedings.

6. Directive 2001/17/EC of the European Parliament and of the Council of 19 March 2001 on the Reorganisation and Winding-up of Insurance Undertakings.

7. Directive 2001/24/EC of the European Parliament and of the Council of 4 April 2001 on the reorganisation and Winding Up of Credit Institutions.

2:00 – 3:00 Operating Under the New European Insolvency System: (Presented by the III Committee on European Union Developments) (Continued)

3:00 – 4:00 Developments and Trends in Latin American Insolvencies and Restructurings: (Presented by the III Committee on Latin American Developments)

Co-Chairs: Agustin Berdeja-Prieto, Berdeja y Asociados, Mexico City and Victor A. Vilaplana, Seltzer Caplan McMahon Vitek, San Diego (Co-Chairs, III Committee on Latin American Developments)

Panel: Ricardo W. Beller, Marval, O’Farrell & Mairal, Argentina

Gustavo Mata Borjas, Mata Borjas, Priwin, Ferreras & Gorrín, Caracas, Venezuela

Dr. Ricardo Olivera Garcia, Olivera & Delpiazzo, Montevideo, Uruguay

Patricia Toledo, Felsberg e Associados, Sao Paulo

1. The APE: Argentina’s Prepackaged Debt Restructuring Agreement (Ricardo W. Beller).

2. Mexico’s 2003 Financial Laws Amendments: An Off-Road Race to Certainty (Agustin Berdeja-Preto).

3. Insolvency Treatment for Banks and Financial Institutions in Uruguay (Ricardo Olivera Garcia).

4. Transnational Insolvency Issues in Re TriNational Development Corp. (Victor Vilaplana).

4:00 – 4:20 Tax Priorities in Bankruptcy Cases Worldwide: (Presented by the III Committee on Tax Priorities in Bankruptcy)

Co-Chairs: Hon. James L. Garrity, Jr., Shearman & Sterling, New York and

Mr. Justice Ralph H. Zulman, Supreme Court of Appeals of South Africa, Johannesburg, South Africa (Co-Chairs, III Committee on Tax Priorities in Bankruptcy)

Project

Reporter: Barbara K. Day, Associate Counsel; Overseas Private Investment

Corporation, Washington, D.C.

1. Should the Sovereign be Paid First? A Comparative Analysis of the Priority for Tax Claims in Bankruptcy (Barbara K. Day).

2. Tax Priorities Committee's Request for Volunteers.

3. National Law Questionnaire on Tax Priorities in Insolvencies (Delegates are requested to complete).