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Vol 12, Num 3 l 2015 in Review

International

► In This Issue:

A Letter from Your Co-chairs

ABI

Gilberto Deon Corrêa
Souto, Correa, Cesa,
Lummertz & Amaral Advogados
Brazil

ABI

Christopher R. Mirick
Pillsbury Winthrop Shaw
Pittman LLP
New York

As the U.S. economy continues to limp along, six years after the official end of the Great Recession, it has become painfully clear that the world economy is highly interdependent. The ability of any one country to improve its own lot is limited by the conditions in other countries and the actions (or lack of actions) being taken in those countries. This is true not only of regulators and central bank officials, but of companies and industries as well: The U.S. producers of oil and gas are affected by the decisions made by competitors in the Middle East, and by the demand for energy in Asia and South America.

When economies and industries cross international borders, insolvencies and restructurings do, too. The International Committee has sought to provide this important cross-border perspective through our panels and newsletters this year.

At the 2015 Annual Spring Meeting, we partnered with the Financial Advisors and Investment Banking Committee to present a panel on issues associated with cross-border financing transactions. The panelists, consisting of Neil LuptonSoneet R. KapilaVan C. Durrer II and Gilberto Deon Corrêa Jr., explored some of the structures used in arranging financing in different countries (such as China, Cayman and others), as well as the challenges in collecting on that financing and enforcing remedies.
» Read More

International Conferences Were Held in Beijing and Madrid

What’s Wrong with U.S. Chapter 11? A Guide for European Practitioners

America Now!

Eurozone Update

PRC Restructuring: Case Studies

Luncheon with Panel: The Future

Outbound Activity: Chinese Participation in Western Restructurings and Insolvencies

Restructuring Issues in Key Industries: Property, Solar, Coal and Steel

Overview of PRC Restructuring Law

This year’s International Insolvency & Restructuring Symposium was held in Madrid, Spain, and included keynote speaker John Burton, Former Irish Prime Minister. In addition to this high profile keynote, a plethora of industry-leading professionals headlined sessions: Ana Lopez (Freshfields Bruckhaus Deringer; Madrid, Spain), George B. Bazinas (Bazinas Law Firm; Athens, Greece), Dr. H. Philip Esser (Schultze & Braun; Achern, Germany), Kevyn Orr of Jones Day in Washington, D.C. – the lead of Detroit, Michigan’s (USA) municipal restructuring – and many more.

The 2015 Beijing Insolvency & Restructuring Symposium was co-hosted by New York University School of Law, and delved into some of the turmoil facing China's economy. This two-day symposium covered topics specifically related to the needs of Chinese insolvency professionals:

  • Financing Chinese companies
  • Restructuring in solar, coal and steel industries
  • Chinese participation in western insolvency

Click on the links listed on the right to review materials from both of these conferences.

Videos Are Available on the Commission Page: commission.abi.org

In 2015, after years of blood, sweat, and tears (we may be exaggerating a little here), the Commission completed its final report and proposed reforms to Chapter 11 and related statutory provisions. While the full report has been available online for most of the year, ABI has continued to post a variety of videos related to the commission on its website. Access quick links from the list below, and catch up on all content at http://commission.abi.org/.

Have You Watched a Complimentary Eye on Bankruptcy Session?

Launched in spring 2015, “Eye on Bankruptcy” is an online series produced by Bloomberg Law and ABI. Each program is aired on the last Thursday of each month and provides analysis of the latest case developments. Recorded at either Bloomberg’s New York studio or ABI's Virginia headquarters, each episode features commentary by top practitioners, academics and judges, hosted by Professor Michelle Harner (University of Maryland Francis King Carey School of Law).

Each episode explores:

  • Recent filings, motions, and decisions
  • Revisions to bankruptcy rules and forms
  • Changes in bankruptcy and restructuring

Visit online to learn more and view past recordings.

You Spoke, We Listened: ABI Offers an Upgraded Communications Schedule

This fall you should have noticed a change in the look, feel and frequency of communications that you are receiving from ABI. In an effort to cut down on the number of emails in your inbox, ABI launched a new weekly schedule that still includes the popular Daily Headlines and Bankruptcy Brief (reduced to Thursday afternoon, only).

New weekly highlights include:

Tuesday's delivery is the InSights newsletter, which highlights important information and benefits that you receive as an ABI member. Membership InSights will offer helpful tips about new ABI technology and benefits that will save time and money for your practice. Need to know what summaries were posted to Volo last week? Turn to next Tuesday's issue of Membership InSights for your answer.

Wednesday's InTouch newsletter provides you with upcoming programs specific to your circuit, as well as national programs that may be of interest to you. InTouch will also highlight online CLE and ABI publications designed to bring you quality information on the topics you care about most.

ABI would love to hear what you think about our new communication plan. Please contact us at support@abisupport.zendesk.com.

Registration for the
2016 Annual Spring Meeting
is now live! Mark this one off your list
before you even need to make
a new year's resolution list,
and we'll see you in D.C.!

 

Stop by abi.org/bookstore for the latest books on bankruptcy, including the recently published
Chapter 15 for Foreign Debtors.

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