In addition to reconnecting with peers, don't miss these two phenomenal professional development sessions and your opportunity to earn 4 credits of Continuing Education credit!
Lunch Session with our Keynote Speaker
Wednesday, June 14 | 12:00pm - 2:15pm
LEADERSHIP IN CRISIS: UNDER COVER IN THE CIA with JAMES (“JIM”) OLSON
Imagine living a lie for 31 years. That's what James Olson and his wife Meredith did while spying for the CIA. Spying for his country was the furthest thing from his mind when Olson, a farm boy from Iowa, received a mysterious phone call that changed his life forever. Mr. Olson will take you inside the real and chaotic world of being a CIA spy. He describes the rigorous training and difficult dilemmas encountered in the field on a daily basis as well as the personal challenges he and his wife faced as spies moving from place to place and job to job while raising a family. His eye-opening presentation sprinkled with some good humor will leave the audience wanting to know more with a fresh perspective on what we need to do as citizens, why the United States needs spies to protect our country and its vital interests, and what leadership in crisis really means.
PLENARY SESSION: Crypto Bankruptcies: It was Too Good to be True
Wednesday, June 14 | 2:30 p.m. - 3:30 p.m.
Bankruptcies involving crypto assets raise novel issues of law and ethics impacting all parties involved – from the debtor to the creditors committee, from the Chapter 11 trustee to the examiner, even the judge, and everyone in between. This panel, comprised of blockchain attorneys and bankruptcy experts, will explore the headline-grabbing crypto bankruptcies (such as Voyager, Celsius, and FTX), and consider related legal, ethical, and other issues. Join us for a fun and interactive conversation to consider the challenges that arise in crypto bankruptcies, the ethical questions they raise, and what should be done about it. You don’t need to be a crypto expert to participate. We will provide the crypto glossary so you can follow along and dive right in.
Wednesday, June 14 | 3:45 p.m. – 4:45 p.m.
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Chief Judge Michael B. Kaplan, United States Bankruptcy Court – District of New Jersey
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Chief Judge Magdeline D. Coleman, United States Bankruptcy Court – Eastern District of Pennsylvania
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Judge Elizabeth L. Gunn, United States Bankruptcy Court – District of D.C.
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Judge Thomas M. Horan, United
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Mark Minuti, Saul Ewing LLP
Breakfast Program | Economist's Panel
Thursday, June 15 | 8:30 a.m. – 9:30 a.m.
- Augustine (Gus) Faucher, PNC Bank, N.A.
- James Marple, TD Bank Group
- Beth Ann Bovino, S&P Global Ratings Services
- Daniel Stella, Bank of America
Concurrent Educational Sessions
Thursday, June 15 | 9:45 a.m. - 10:45 a.m.
Real Estate Markets in 2023: A Mixed Bag?
As forecasters anticipate a 2023 recession, the real estate markets will likely present a “mixed bag” of continued stagnation and even decline in some segments, while other segments will stay relatively strong. High interest rates, costs of energy, labor and materials, coupled with persisting supply chain issues, will continue to impact the real estate industry. With commercial office tenants looking to reduce their footprint, and landlords continuing to wrestle with rising costs of capital and property maintenance, the office space market is expected to struggle and require some financial restructuring. This discussion will focus on the 2023 real estate markets outlook, identifying current market trends and opportunities.
Negotiations of Loan Covenants in 2023: Uncertainty Defines Expectations
Escalating inflation, rising interest rates, the war in Ukraine, Silicon Valley Bank and the banking crisis —the commercial lending landscape has changed dramatically over the past 2 years. With interest rates expected to continue to rise and the economy positioned for a potential downturn, companies looking for financing need to be prepared for reduced loan amounts, higher interest rates, and more rigorous negotiations of various loan covenants. This presentation will provide guidance from both lenders’ and borrowers’ perspectives on negotiations of financial covenants and other aspects of commercial loan documentation in the new environment.
Board Governance: An Ounce of Prevention is Worth a Pound of Cure
Benjamin Franklin’s adage remains true whether applied to the prevention of fires or illness or to a company’s board and those professionals that advise its members. A board must be vigilant to prevent problems from occurring and then, when a crisis does emerge, be prepared to address it with strong corporate governance. How can board members protect themselves and ensure their decisions are supported by a sound process? Once the situation shifts from one of healthy company to not doing well, how do the board’s obligations change? What role do the company’s lenders have and what should they look out for when turbulent events arise? What should the advisors to the company (lawyers, accountants, financial consultants) stress to the board to either prevent a disaster or efficiently deal with one when it arrives?
