Wharton Restructuring and Distressed Investing Conference 2019

Panels

Distressed Hedge Funds

Centerview Partners and Kirkland & Ellis will lead a discussion about the current market dynamics affecting distressed hedge funds.

Panelists:

10:00 AM–11:00 AM
Terrace Room

The Road Ahead for Automotive Restructurings

AlixPartners will lead a discussion about the recent OEM restructuring announcements and the downward trends in the automotive industry that will likely lead to the next round of restructurings within the automotive supplier base.

Panelists:

10:00 AM–11:00 AM
Xavier, Pulitzer, Champagne Suite

Case Study: Westinghouse

PJT Partners will lead a discussion about the complexities of the Westinghouse bankruptcy and sale process, including: (i) parent-subsidiary dynamics with Toshiba; (ii) challenges with funding of foreign entities; and (iii) the interplay between the sales process and Chapter 11 plan. Westinghouse Electric Company filed for bankruptcy in March 2017 and emerged in August 2018 with a concurrent sale to Brookfield for a transaction value of $3.8 billion, or $4.6 billion including the assumption of certain liabilities.

Panelists:

2:10 PM–3:10 PM
Terrace Room

Sparking Transformation: Energy Restructurings

Kirkland & Ellis will lead a discussion focusing on value creation opportunities within the Chapter 11 process for oil and gas companies.

Panelists:

2:10 PM–3:10 PM
Xavier, Pulitzer, Champagne Suite

Analyzing Potential MNPI Disclosure Issues in Bankruptcy

Schulte Roth & Zabel will lead a discussion on issues surrounding potential disclosure of material non-public information in the restructuring context. As investors decide whether to go private in restructuring discussions, they often use agents to decide when to restrict themselves. This dynamic leads to interesting conversations about how much those agents can reveal. Schulte will bring perspectives from the investing, advisory, and legal sides to lead an insightful conversation around how these discussions play out in the market today.

Panelists:

3:20 PM–4:20 PM
Terrace Room

Key Issues for Strategic Planning in Cross-Border
Restructurings

Weil, Gotshal & Manges LLP will lead a discussion on some of the key issues that arise in preparing for and conducting Chapter 11 cases of companies with major operations and affiliates that span multiple jurisdictions. With an increasingly globalized corporate world, understanding the different legal frameworks is integral to a successful outcome when dealing with complex corporate bankruptcies.

Panelists: