Conference Program Information:
Method of Delivery: Live, In-Person
Prerequisites: None
Program Knowledge Level: Intermediate
Advanced Preparation: None
Bankruptcy Taxation
The learning objectives of this all-day program are to provide timely discussion and content update for tax professionals and those working with in the areas of Corporate Tax Considerations in Bankruptcy; Working with IRS Insolvency and Tax Issues in Bankruptcy; Chapter 7 & 11 Tax Basics; and a session called: Insolvency-Prove it! At the conclusion of this program, attendees will have a current knowledge of key developments in each of the panel areas. Program content is for intermediate and above professionals.
Field of Study: Taxes - Technical
Panel:
Location: Salons A-B
Financial Advisors' Toolbox
The learning objectives of the Financial Advisors' Toolbox program are to educate an intermediate practitioner about bankruptcy law and practice. Panel sessions include: Fielding the "First Call;" Subchapter V Financial Plan Requirements and Best Practices; Healthcare Restructuring and Bankruptcies; Isolating Bad Debt; Presenting Financial Information in Chapter 11; and, Negotiation Skills in a Distressed Situation. At the conclusion of this program, the practitioner will have increases skills for practicing in the bankruptcy environment.
Field of Study: Accounting - Technical
Panel:
Location: Monaco
Luncheon Presentation: Strategic Planning – A Regular Review Is Important to All Organizations
In a fireside chat format, Lou, Jennifer, and Jim will explore the importance to any organization, whether for profit or non-profit, on a stable path, or in distress, of a regular strategic plan review and update. Our speakers will discuss critical components of defining or revamping an effective strategic plan as well as provide some background on the strategic planning process underway by the AIRA board.
Field of Study: Business Management & Organization
Speaker(s):
Location: Salon C-D
Sponsored by:
Keynote Presentation - Financial Market Perspectives on Corporate Distress
Links between the U.S. markets and global events are often obscure. The learning objective of this session is to provide greater clarity on how these complex business environments are linked. Mike will draw on his background in investment banking and the financial data and technology industry to provide insights on global financial markets and offer perspectives on macro economic and market-based indicators of corporate distress in the U.S..
Field of Study: Finance - Technical
Speaker(s):
Location: Salons C-D
Sponsored by:
Procrustes Challenge: Designing Mass Tort Settlement Trusts and TDPs - One Size Does Not Fit All
Recent chapter 11 cases have generated significant controversy over the design of mass tort settlement trusts, trust governance structure, nonconsensual third-party releases, the constitutionality of these trusts, and other issues, leading to last minute plan negotiations and settlements, appeals, reversals, and new settlements. The learning objective of this session is to outline for the intermediate practitioner the key related issues. This panel will discuss Purdue, Mallinckrodt, Boy Scouts, J&J, LTL Management, and other cases that seek to resolve mass tort liabilities by using the plan confirmation process. Panel members will discuss whether the bankruptcy process is superior to the tort system as a mechanism and approach to resolving these matters for both companies and victims.
Field of Study: Management Services - Technical
Panel:
Location: Salons C-D
Implications of Rising Inflation on Corporate Restructuring Strategies
Join our panel of financial and restructuring experts in analyzing the impact inflation is having on distressed companies’ abilities to effectively reorganize in the coming months.
The learning objectives of this session include:
- focusing the participants on areas of the economy that will feel the greatest impact of inflation
- areas that won't, and
- the tools and techniques to utilize in serving the range of clients, debtors, lenders, or counterparties.
Field of Study: Accounting - Technical
Panel:
Location: Salons C-D
Excursions
An Afternoon in Laguna Beach (with lunch at Driftwood Kitchen)
Enjoy a leisurely afternoon in Laguna Beach after a group lunch at Driftwood Kitchen, a casual restaurant on the beach. Transportation to/from Laguna on own. You are responsible for the cost of your lunch.
Ride a Duffy Boat in Newport Harbor
A Duffy is not just a boat, it's a lifestyle.. Once you experience your first Duffy cruise you'll understand exactly what that really means. Our motto - Unplug, Untie and Unwind...it's that simple.
AIRA reserved two Duffy Boats, each accommodating 10 guests. Enjoy two hours on the water in Newport Harbor. Transportation to/from the harbor on own. The cost of this excursion includes snacks and non-alcoholic drinks on the boat.
Cost: $50
Sponsored by:
Outrigger Canoeing in Newport Harbor
Have a fun afternoon on the water paddling in an Outrigger Canoe in Newport Harbor! Depending on the size of the group. we will have a double Hull Outrigger or triple Hull and we'll be on the water for 1.5 - 2 hours. This is purely recreational, not a competition. A minimum of 10 guests is required for this outing.
Cost: $25pp
Awards Ceremony, Presented by AlixPartners, LLP
Location: Salons C-D
Sponsored by:
Cooperation and Conflict Between U.S. and Cayman Insolvency Proceedings
Please join our panelists, Kathy Bazoian Phelps, Bradley Sharp, and – direct from the Cayman Islands – Matthew Dors, for a discussion on cooperation and conflict between US and Cayman insolvency proceedings. The learning objectives of this session are to provide attendees with a detailed understanding of potential causes of conflict between insolvency proceedings in both jurisdictions, the mechanisms available to help manage the challenges posed by a multi-jurisdictional proceedings, and the potential benefits of cooperation between courts and office holders. The panel will also share the benefit of their shared experience working on the DLI receivership and provide some practical tips that are likely to be useful to practitioners at any level of expertise who might find themselves involved in a case that involves both US and Cayman insolvency proceedings.
Field of Study: Business Law - Technical
Panel:
Location: Monaco
Disruption in the Beauty Products Industry: When Beauty and Financial Distress Meet
Covid protocols, store shut-downs, use of influencers, work from home, omni-channel marketing, and supply chain disruptions have all provided new challenges to the beauty industry. From mega companies to boutique brands, all are being impacted across their operating platforms. The learning objectives of this panel include providing practitioners with insight to assist their clients as they navigate through these challenging times and evaluate the options which may be available to improve outcomes for stakeholders.
Field of Study: Accounting - Technical
Panel:
Location: Salons ABC
Real Estate Workouts: Rising Interest Rates, Looming Defaults- Where Do We Go From Here?
The learning objectives of this session bring together both financial and legal professionals to discuss the current state of the distressed real estate market. The panel will provide strategies and tools for restructuring professionals to identify issues and to navigate through these challenges for successful work-outs in today’s ever changing market. The panel will be assisted by the Honorable Julia Brand who will provide insight into the Bankruptcy Court’s perspective on these issues and identify the types of cases coming before the Court.
Field of Study: Accounting - Technical
Panel:
Location: Monaco
Subchapter V: What Have We Learned So Far?
Since taking effect in 2020, the Small Business Reorganization Act is largely viewed a success serving its intended purpose of providing small business chapter 11 debtors with a streamlined and efficient chapter 11 process. The learning objectives of this session are to educate attendees on the key features, strengths, and even a few limitations, identified in the three years of Subchapter V case law and practical application. After a brief overview of Subchapter V, this panel will focus on developments and emerging issues, including debtor’s eligibility, plan confirmation standards, and discharge and post-confirmation disputes, as well as unsettled Subchapter V issues.
Field of Study: Business Law - Technical
Panel:
Location: Salons ABC
Climate Risk and Energy Sector Bankruptcies
Climate risk is hard to diversify and complex to manage. It is now increasingly a C-suite agenda for large corporations. The learning objectives of this session are to provide participants with an understanding of how climate risk is impacting the energy sector in particular. To address the learning objectives the Climate Risk and Energy Sector Bankruptcy panelists will draw on their real-world experiences working on bankruptcy, restructuring, and resource strategies associated with large utilities, cooperatives, and businesses. The discussions will shed light on the long lasting regulatory, operational, and financial impacts of extreme weather events including the wildfires, winter storm Uri, and Hurricane Maria. The panel will also discuss the emerging strategies that corporations have developed to mitigate climate risk and enhance resiliency through hardening and decarbonizing asset base.
Field of Study: Management Services - Technical
Panel:
Location: Monaco
For Debtors Facing Post-petition Interest and Make Whole Obligations, It ‘Hertz so Good’…Unless They’re Solvent
The learning objectives this panel will address are the evolving view of post-petition interest in Chapter 11, including the split of authority on topics of the continued existence of the ‘solvent debtor exception’ and the enforceability of ‘make whole’ and ‘no call’ provisions in credit documents.
Field of Study: Accounting - Technical
Panel:
Location: Salons ABC
Judges Roundtable
A panel of bankruptcy judges informally answer and discuss practitioners’ questions of dos and don’ts, best practices, their outlook for bankruptcy cases, and other topics that may be of interest to the group. This session does not qualify for CLE.
Field of Study: Regulatory Ethics - Technical
Speaker(s):
Location: Salons DEF
Sponsored by:
Rise of Mediation in Chapter 11
Mediation has become more commonplace in large chapter 11 cases with many competing constituent interests. Parties may employ either attorney or judicial mediators. Through discussion and example, this panel will address the following learning objectives: (i) the importance of setting up a framework/process for the mediation, (ii) use of and best practices for mediation statements, (iii) how mediation and concurrent bilateral negotiations impact the process, and (iv) how a hybrid work environment has impacted the conduct of mediations. Panelists include a judge, attorneys and a financial advisor, all of whom have participated in mediations in different capacities.
Field of Study: Business Law - Technical
Panel:
Location: Monaco
ABC, D & F: Getting Current on the Use of ABC’s Across the Country
The learning objectives of this session are to provide participants with up-to-date details on matters related to assignments for the benefit of creditors (ABCs). In this session, the panel discusses the recent efforts by the Delaware Court of Chancery on governing ABC matters, the Florida Bar Association work on revising the Florida ABC statutes and the year-long effort by the Uniform Law Commission Committee studying the need for a unform statute for ABCs. The panel includes a debtor’s lawyer, secured creditor counsel, counsel with experience (and expertise of course) representing assignees, buyers and other parties in these cases, and Observers on the Uniform Law Commission studying ABCs.
Field of Study: Business Law - Technical
Panel:
Location: Salons ABC
Hot Topics - The Continued Fallout from Crypto Winter
This session will examine three rapidly emerging issues in chapter 11 related to cryptocurrency. Specifically, the learning objectives the panelists will address are: (i) the intersection of cryptocurrency and preference actions, (ii) recent events impacting the relationship between crypto companies and banks, and (iii) potential third-party liability for aiding and abetting the actions of crypto companies.
Field of Study: Accounting - Technical
Panel:
Location: Monaco
U.S. Economy and the Restructuring Industry - Impact of Russian Sanctions, International Cross Border Business Issues, Influences on Economic Uncertainty and the Future of Labor Markets
In response to Russia’s 2022 war on Ukraine, a broad, multilateral coalition, including the United States, the European Union (EU), the United Kingdom, Canada, Australia, Japan, and others, imposed sweeping new sanctions on Russia. The learning objectives the panelists will address are (i) analyzing the U.S. and worldwide economic overview and outlook, (ii) corruption, bribery, money laundering and asset misappropriation, (iii) five (5) specific factors that influence the world order and economic uncertainty, (iv) the future of labor markets and (v) the intersection of worldwide economic policy and impacts to U.S. businesses and the restructuring industry.
Field of Study: Accounting - Technical
Panel:
Location: Salons ABC
Distress in the Capital Markets - Where are the Opportunities Now?
This panel will explore the challenges and opportunities that exist in currently distressed sectors (such as SPACs, Chinese real estate, crypto) and identify sectors heading for distress as a recession nears. The learning objectives from this panel of experts will focus on 1.) the current disruptions facing certain sectors and 2.) how those disruptions have impacted the overall business environment and restructuring opportunities.
Field of Study: Accounting - Technical
Panel:
Location: Monaco
Cannabis: The Highs and Lows of an Emerging Industry
The learning objectives outlined by this panel of industry-leading experts is to educate the attendees on the emerging trends within the cannabis industry pertaining to both state and federal regulations, the expected landscape of the next five to 10 years, and opportunities for turnaround professionals.
Field of Study: Accounting - Technical
Panel:
Location: Salons ABC
Crypto Currency Conundrums – International Issues Impacting Crypto Currency Restructurings
The learning objectives of this session are a focus on international aspects of some of the novel and open questions and issues stemming from recent and ongoing crypto currency cases and discussion of jurisdictional, litigation, and valuation issues that are likely to arise in 2023 as the crypto winter (or thaw) continues. The panel will address the implications of recent opinions in crypto currency chapter 11 or other court-supervised proceedings. The panel will also consider how interested parties ascribe value to crypto currency and related digital assets. Panelists anticipate covering important litigation considerations, such as voidable transactions and related international implications to litigating such matters. Lastly, looking ahead, the panel will speak to jurisdictional options in the digital world.
Field of Study: Accounting - Technical
Panel:
Location: Salons DEF
Emerging Issues in Attorney Discipline: Disciplining Politically-Motivated Attorney Misconduct and Discharging State Bar Sanctions
This ethics panel will address two critical topics:
First. State Bar disciplinary actions against attorneys for communicating demonstrably false and misleading statements for politically motivated purposes to courts, lawmakers, and the public at large in their capacity as lawyers. The learning objectives of this portion of the session are to provide attendees with an understanding of the authorities that exist for measures such as these, the judicial and public goals of these disciplinary actions, and examine whether first amendment rights might be implicated and supersede the ethical considerations placed upon attorneys.
The second topic will review the issues that arise if a disciplined attorney should seek to discharge State Bar-ordered amounts owed for sanctions and reimbursement of State operated Client Protection Funds. The participants’ take-aways are an understanding of which awards/sanctions are eligible for discharge and what legislative fixes may be necessary to address public policy concerns.
Field of Study: Regulatory Ethics - Technical
Panel:
Location: Salons DEF
About AIRA
AIRA is a nonprofit professional association serving the bankruptcy, restructuring and turnaround practice area. AIRA's membership consists of accountants, financial advisors, investment bankers, attorneys, workout consultants, trustees, and others in the field of business turnaround, restructuring and bankruptcy. AIRA members are among the most trusted and sought-after professionals in matters dealing with limited capital resources and deteriorating operating performance.
Cancellation/Refund Policy
Written cancellation for the conference or any excursions must be received by midnight on Wednesday, May 17, 2023 for a full refund less a $150 cancellation processing fee. No refunds will be granted after May 17, 2023, but substitutions will be allowed.
National Registry of CPE Sponsors
"Association of Insolvency and Restructuring Advisors" is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.
Contact Us
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Medford, OR 97501
Ph: (541) 858-1665
Fx: (541) 858-9187
aira@aira.org
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