For the Winter Leadership Conference, the topic of our committee’s panel, “Anatomy of a Pharmaceutical Bankruptcy Case,” was a collaboration of the Financial Advisors/Investment Bankers and the Commercial and Regulatory Law Committees. Moderator Jeff Garfinkle led panelists Hon.
Committees
From taxation to securities, the ownership and sale of Bitcoin and other cryptocurrency is subject to a complex patchwork of federal laws. Tax, securities, commodities and anti-money laundering regulations may apply to those who engage in cryptocurrency transactions as a consumer, business enterprise or investor.
[1]Most restructuring lawyers see “tax” and immediately run for help from specialists down the hallway or maybe at other firms. That’s the right thing to do, and we tax lawyers appreciate the job security.
Interim managers are take-charge types with strong inclinations toward quickly assessing situations and developing and rapidly implementing solutions. Almost by definition, they are thrown into troubled companies and challenged to “turn things around” in short order. Often, this can mean taking tough measures, such as reducing staff through planned layoffs.
In 2016, 763 higher education institutions closed, the highest number since 2012.[1] While primarily for-profit schools closed, independent not-for-profit (NFP) schools closed as well.
Ascribing reasons for the schools’ closures risks conclusion bias, but there are some macro trends to note:
In 2016, 763 higher education institutions closed, the highest number since 2012.[1] While primarily for-profit schools closed, independent not-for-profit (NFP) schools closed as well.
Ascribing reasons for the schools’ closures risks conclusion bias, but there are some macro trends to note:
Revenue and EBITDA are down, the cash runway is short, and time is of the essence. So in a turnaround, set your sights on becoming a start-up.
Budget deficits abound and past promises have been broken, irrevocably. If governments honestly valued their assets and liabilities, most would be insolvent. In the not-too-distant future, delivery of essential services will require a new mix of “skill and will” from our elected leaders and public-sector employees.
According to the M&A Advisor,[1] “often failures occur because of … the inability to retain key talent.
Not many founders of a new business consider, at the time the new business is founded, the potential U.S. federal income tax consequences to them should the new business fail. The type of business entity formed, and the treatment of that entity for U.S. federal tax purposes as either a corporation or a pass-through entity, can have a material U.S.
Fri, 2017-12-01
Hosted by the Ethics and Professional Compensation and Commercial and Regulatory Law Committees Social media and privacy are areas of opportunity — and concern. Today’s law practice requires that care be taken in both areas. This panel will explore the impact of privacy and social media issues on security, ethics and compensation.
Fri, 2016-04-15
Labor Issues in 363 Sales: Things You Need to Know
Fri, 2016-04-15
Hospitality and the Tax Man: Historical Hospitality Tax Issues in Distress
Sat, 2015-04-18
Tax-Sharing Agreements in Bankruptcy that Have Been the Subject of Recent Appeals Courts Decisions
Sat, 2015-04-18
Hemorrhaging Hospitals: Labor Issues in the Healthcare Insolvency E.R.
Thu, 2014-05-29
The purpose of this call was to seek thoughts, suggestions, and assistance in setting and achieving new goals and objectives for the Committee. For example, they discussed ideas and topics for future newsletters, webinars, and educational sessions at ABI’s Winter Leadership Conference and Annual Spring Meeting. Additionally, the Committee discussed ideas for networking events and special projects for the Committee. Participating in future calls is a great way to get more involved!
Mr. Jeffrey K. Garfinkle
Co-Chair
Buchalter Nemer, PC
Irvine, CA
(949) 760-1121
Co-Chair
Buchalter Nemer, PC
Irvine, CA
(949) 760-1121
Mr. John G. Loughnane
Co-Chair
Nutter McClennen & Fish, LLP
Boston, MA
(617) 439-2521
Co-Chair
Nutter McClennen & Fish, LLP
Boston, MA
(617) 439-2521
Mr. Jason B. Binford
Communications Manager
Texas Office of Attorney General
Austin, TX
(512) 475-4936
Communications Manager
Texas Office of Attorney General
Austin, TX
(512) 475-4936
Ms. Caryn Wang
Education Director
Polsinelli
Atlanta, GA
Education Director
Polsinelli
Atlanta, GA
Mr. Alan R. Rosenberg
Newsletter Editor
Markowitz, Ringel, Trusty + Hartog, P.A.
Miami, FL
(305) 670-5000
Newsletter Editor
Markowitz, Ringel, Trusty + Hartog, P.A.
Miami, FL
(305) 670-5000