In this day-long program, panels will assume the roles of management, board members and professionals to highlight how a company can lose control of its own restructuring. We will consider such questions as the appropriate level of advocacy, the ethics of giving particular advice that favors the advising professional, and other common reorganization dilemmas.
Faculty will be organized into three teams:
Teams will consider such matters as:
The faculty will be divided into the various constituencies necessary to achieve an out-of-court restructuring, such as:
This session, which includes lunch, will explore such issues as:
This session will consider:
Pulling together everything learned in the first three sessions, the faculty will be divided into two teams representing the out-of-court and bankruptcy options and will compare the relative advantages and disadvantages of the two options. This comparison should come from several different perspectives including management, equity, secured lenders, unsecured creditors, landlords and union employees.