Partner Fredric Sosnick, Associate Jordan Wishnew and Knowledge Management Attorney Ronni Arnold (all New York – Financial Restructuring & Insolvency) participated in the American Bankruptcy Institute’s Winter Leadership Conference in Palos Verdes, California. The conference featured topics and materials designed for business practitioners and financial advisors.  

Fred spoke on a panel titled “Sponsor Liability, Including Liability Relating to Sponsors Purchasing Debt or Equity in Their Portfolios,” hosted by the Business Reorganization Committee, for which Ronni is the Education Director. The panelists discussed various lender liability issues and risk-mitigation strategies, including those related to conflicts, debt purchases, structural risks, credit bidding and equitable subordination.  

Jordan also spoke on a panel titled “The Continued Use of Blocking Directors and Managers in Bankruptcy-Related Transactions,” and shared insights relating to efforts being taken to use blocking provisions in corporate and company organizational documents to limit the possibility of a bankruptcy filings.