The Global Financial Crisis 2009: Preparing for the Future

Overview

Why You Should Attend

The emergence of Ponzi schemes, credit default swaps, and the tightening of the worldwide credit market have led to a global economic slowdown.  Global losses due to the credit default swaps have been estimated to fall in the range of sixty trillion dollars.  Government bailouts worldwide are reshaping our understanding of quasi-governmental entities and reestablishing the parameters of regulation.   The global financial crisis has expanded its reach into international legal practice areas - from litigation and securities to bankruptcy, structured finance and real estate.  As the problems in the United States spread abroad, attorneys need to prepare to handle the widely recognized instability in the world financial markets.  Our stellar faculty of in-house counsel, compliance officers, regulators, and private practitioners will share their insights and expertise so that you and your clients and companies can proactively handle any developments resulting from these global events.

What You Will Learn

• The current global economic climate
• The effect of governments worldwide providing bailouts, including the TARP and the TALF
• The nature and effect of Ponzi schemes, credit default swaps, and various fraudulent practices
• New developments involving distressed property and bankruptcy, including 363 sales
• What ongoing litigation means for the global recession
• New areas of global economic growth

And

• Earn one hour of ethics credit with a panel discussion of the new, post-bailout era of executive compensation, corporate compliance, and corporate governance

Who Should Attend

In house counsel, financial service providers, compliance personnel, work out consultants, and secondary market investors should find this program of interest.

Special Features

• Keynote address by the Honorable Mary Beth Buchanan,
• United States Attorney for the Western District of Pennsylvania

Live Webcast

Simultaneous live webcast of the New York session is available for individual viewing. Webcast participants will receive streaming audio and/or video of the program, view and print the Course Handbook, and have the ability to submit questions electronically.

For more information click on the Live Webcast link in the Related Items box.

Special Bonus to all Registrants

All attendees receive a complimentary copy of PLI's comprehensive Course Handbook. This softcover, bound volume was written to augment this program and to stand alone as a permanent reference. PLI's Course Handbooks represent the definitive thinking of the nation's finest legal minds, and are often the standard reference in the field.

Please Note: Webcast attendees will receive a downloadable version of the Handbook one business day prior to the program.

PLI Group Discounts

Groups of 4-14 from the same organization, all registering at the same time, for a PLI program scheduled for presentation at the same site, are entitled to receive a group discount. For further discount information, please contact membership@pli.edu or call (800) 260-4PLI.

PLI Can Arrange Group Viewing to Your Firm

Contact the Groupcasts Department via email at groupcasts@pli.edu for more details.

Cancellations

All cancellations received 3 business days prior to the program will be refunded 100%. If you do not cancel within the allotted time period, payment is due in full. You may substitute another individual to attend the program at any time.

Schedule

Morning Session: 9:00 a.m. - 12:15 p.m.

9:00  The Current Global Economic Climate

• Europe, Asia, the Americas, and Australia
• Worldwide government bailouts
• Potential crises of inflation or deflation
• Crises of liquidity and securitization
• Sectors of global economic growth

Moderator: Carole L. Basri
Panelists: Michael Aingorn, Peter Demirali

10:00  International Corporate Financial Practice:  View From The Inside

• How in-house counsel are reacting to the global economic crisis
• Compliance risk assessment
• Areas of financial impact
• Banks and insurance companies
• Opportunities for consolidation of financial institutions
• Global financial and economic sectors affected

Moderator: Carole L. Basri
Panelists: David Boyd Booker, R. Damian Brew, Abby C. Fiorella, Lou Ann Layton

11:00  Break

11:15  Ongoing Litigation

• Ponzi schemes (Madofff, Greenwood, Walsh, and Stamford)
• Justice Department
• SEC
• FBI
• International matters
• Private litigation

Moderator: Zachary W. Carter
Panelists: Hon. Mary Beth Buchanan, Charles E. Davidow, James McMahon, Christopher F. Robertson

12:15  Lunch

Afternoon Session: 1:15 p.m. - 5:00 p.m.

1:15  Keynote Speaker

Hon. Mary Beth Buchanan, United States Attorney for the Western District of Pennsylvania

1:45  Distressed Property and Bankruptcy

• Distressed company sales
• Credit bids and 363 sales
• Clear Channel Outdoor, Inc. v. Knupfer
• Lehman brothers bankruptcy

Moderator: Stephen Karotkin
Panelists: Mark A. Speiser, Hon. Elizabeth S. Stong

2:45  International Matters

• E-discovery
• Attorney/client privilege
• Privacy issues
• Blocking statues
• FCPA and OECD anti-bribery statutes

Moderator: Carole Basri
Panelists: Andrew Behrman, Eberhard H. Rohm

3:45  Break

4:00  Ethics and Potential Remedies

• Executive compensation and perks
• TARP, TALF, and bailout-related oversight
• Global corporate compliance
• Global corporate governance
• Global corporate responsibility

Moderator: Paul J. McNulty
Panelists: Philip M. Berkowitz, David G. Keyko, Michael A. Levine, Jane Wexton

5:00  Program adjourns

Faculty

Chairperson(s)

Carole L. Basri, Adjunct Professor, University of Pennsylvania Law School, The Corporate Lawyering Group LLC

Moderator(s)

Zachary W. Carter, Dorsey & Whitney LLP
Stephen Karotkin, Weil Gotshal & Manges LLP
Paul J. McNulty, Baker & McKenzie LLP

Speaker(s)

Michael Aingorn, Research Analyst, KCM Glboal Credit LLC
Lisa G. Beckerman, Akin Gump Strauss Hauer & Feld LLP
Andrew Behrman, Hogan Lovells US LLP
Philip M. Berkowitz, Nixon Peabody LLP
David Boyd Booker, Director & Senior Counsel, Legal Department, Crédit Agricole Corporate and Investment Bank
R. Damian Brew, Marsh, Inc.
Hon. Mary Beth Buchanan, United States Attorney, U.S. Attorney, Western District of Pennsylvania
Charles E. Davidow, Paul, Weiss, Rifkind, Wharton & Garrison LLP
Peter Demirali, Managing Director and Portfolio Manager, Cumberland Advisors
Abby C. Fiorella, Senior Vice President, Global Compliance and Forensics, MasterCard Worldwide
David G. Keyko, Pillsbury Winthrop Shaw Pittman LLP
Michael A. Levine, Epstein Becker & Green, P.C.
James McMahon, Chief, Business and Securities Fraud Section, United States Attorney's Office, Eastern District of New York
Christopher F. Robertson, Seyfarth Shaw LLP
Eberhard H. Rohm, Duane Morris LLP
Mark A. Speiser, Stroock & Stroock & Lavan LLP
Hon. Elizabeth S. Stong, U.S. Bankruptcy Court, Eastern District of New York
Jane L. Wexton, President, Wexton Advisors Inc

Program Attorney(s)

Laurie Gilbertson, Practising Law Institute

CLE Credit

Travel Information

New York City Seminar Location

PLI New York Center, 810 Seventh Avenue at 53rd Street (21st floor), New York, New York 10019. Message Center, program days only: (212) 824-5733.

New York City Hotel Accommodations

Due to high demand and limited inventory in NYC, we recommend reserving hotel rooms as early as possible.

The New York Hilton & Towers, 1335 Avenue of the Americas, New York, NY 10019. 1 block from PLI Center. Reservations 1-800-HILTONS or, 1-877-NYC-HILT. Please mention that you are booking a room under the Practising Law Institute Corporate rate and the Client File # is N495741. Reservations on line at www.hilton.com and enter the same Client File # in the Corporate ID # field to access Practising Law Institute rates.

The Warwick New York Hotel, 65 West 54th Street New York, NY 10019. 1 block from PLI Center. Reservations 800-223-4099 or, hotel direct 212-247-2700. Please mention that you are booking a room under the Practising Law Institute Corporate rate. Reservations on line at www.warwickhotelny.com Click reservations in menu bar on left. Select desired dates. In 'Special Rates' drop down window select Corporate Rate. In 'Rate Code' enter PLIN. Click search and select desired room type and rate plan. Or, you may email reservation requests to: res.ny@warwickhotels.com