2024 Bankruptcy Workshop

On August 5, 6 and 7, 2024 the Initiative hosted its inaugural Bankruptcy Workshop at NYU Stern's Henry Kaufman Management Center.

The Workshop welcomed over 50 participants from a diverse set of financial and legal backgrounds from the US and abroad to participate in a 3-day intensive program led by expert faculty and practitioners. The Workshop hosted two networking receptions for participants including a Judges Reception that included local bankruptcy judges.

The faculty for the Workshop included: Professor Edward Altman (Academic Director), Adjunct Professor Dan Kamensky (Executive Director), Christian Fischer (Davis Polk), Donald Bernstein (Davis Polk), Saul Burian (Houlihan Lokey), Jay Weinberger (Houlihan Lokey), Ronen Bojmel (Guggenheim), Matthew Moss (Guggenheim), Michael Gatto (Silver Point Capital), Andrew Rosenberg (Paul Weiss), Sean Mitchell (Paul Weiss), Rachel Albanese (DLA Piper), Holly Etlin (Alix Partners), Jamie Zimmerman (Litespeed), Marty Young (M3 Partners), Robert Stark (Brown Rudnick), Max Frumes (9fin), Sujeet Indap (the Financial Times), Jared Parker (Oak Tree), Professor David Smith (UVA), Larry Halperin (Chapman), Michael Friedman (Chapman) and Judge Robert Drain (ret.) Skadden.

Participants received a Certificate of Completion from NYU Stern.

Please reach out Professor Ed Altman (eia1@stern.nyu.edu) and Adjunct Professor Dan Kamensky (dk5154@stern.nyu.edu) for more information about upcoming Workshops.

Day 1 - August 5th

Breakfast

Program Introduction
Foundations of Corporate Credit: Professor Altman
How to Read a Credit Agreement / Indenture: Adjunct Professor Daniel Kamensky, Christian Fischer (Davis Polk)

Lunch

Introduction to Bankruptcy: Donald Bernstein (Davis Polk)
Valuation for Distressed Companies: Ronen Bojmel and Matthew Moss (Guggenheim) & Saul Burian and Jay Weinberger (Houlihan Lokey)
Strategies of Distressed Investors: Michael Gatto (Silver Point Capital) - Case Study: Hostess

Networking Reception - Sponsored by Houlihan Lokey

Day 2 - August 6th

Breakfast

Advanced Foundations of Corporate Credit: Professor Altman - Credit cycle outlook & corporate zombies
Advanced Bankruptcy Legal Framework: Andrew Rosenberg (Paul Weiss)

Women Take Credit Luncheon – Sponsored by Cherokee: Holly Etlin (Alix) & Lauren Krueger (KKR)

Distressed Investing Strategies: Adjunct Professor Daniel Kamensky
Crisis Management & Operational Improvement: Marty Young & Nick Weber, M3 Partners
Hot topics - Liability Management: Adjunct Professor Daniel Kamensky, Christian Fischer (Davis Polk)

Bankruptcy Judge Reception - Co-Sponsored by Brown Rudnick & Paul, Weiss

Day 3 - August 7th

Breakfast

Program Reflection
Bankruptcy Litigation Framework: Robert Stark (Brown Rudnick) - Case Study: Revlon
Caesars Case Study: Max Frumes & Sujeet Indap, authors - The Caesars Palace Coup

Lunch - Special Guest Speaker: Jared Parker (Oaktree Capital)

Group Project Negotiation: Professor David Smith (UVA), Larry Halperin (Chapman), Michael Friedman (Chapman), Judge Robert Drain (ret.)
Group Project Debrief
Workshop Wrap-Up