Thursday, May 14
7:30 a.m.
Registration Desk Open
8:00-8:30 a.m.
Continental Breakfast
8:30-8:45 a.m.
Conference Chairs’ Welcome
Hon. Shelley C. Chapman, Judicial Chair
U.S. Bankruptcy Court (S.D.N.Y.)
Lisa G. Beckerman, Co-Chair
Akin Gump Strauss Hauer & Feld LLP
Timothy Graulich, Co-Chair
Davis Polk & Wardwell LLP
David Pauker, Co-Chair
Lehman Brothers Holdings, Inc.
8:45-9:45 a.m.
Plenary Session
"Judges' Roundtable: Selected Current Topics Including the ABI Reform Commission Report
A moderated roundtable featuring judges of the Southern and Eastern Districts of New York and the District of Delaware.
Hon. Shelley C. Chapman, Moderator
U.S. Bankruptcy Court (S.D.N.Y.)
9:45-10:00 a.m.
Refreshment Break
10:00-11:15 a.m.
Concurrent Sessions (6)
Momentive Deconstructed
A detailed analysis of the many aspects of this important bankruptcy court decision.
Dennis F. Dunne, Moderator
Milbank, Tweed, Hadley & McCloy LLP
William Q. Derrough
Moelis & Company
Timothy Graulich
Davis Polk & Wardwell LLP
Hon. Brendan L. Shannon
U.S. Bankruptcy Court (D. Del.); Wilmington
Bankruptcy Litigation Panel
Fraudulent transfer update (§ 546(e) (Lyondell, Tribune, Boston Generating)); Cortlandt; automatic stay litigation (i.e., requirement to turn over funds (Weber)); § 503(b)(9); aiding and abetting claims (Rural Metro); post-Stern consent to jurisdiction cases (Sixth, Seventh and Ninth Circuits and Supreme Court (Exec. Benefits, Wellness).
Michael Luskin, Moderator
Luskin, Stern & Eisler LLP
John H. Bae
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
Hon. Martin Glenn
U.S. Bankruptcy Court (S.D.N.Y.)
Paul D. Leake
Jones Day
Professional Responsibility and Ethics Issues Arising from Cross-Border Representations in Insolvency Cases
Conflicting ethics and professionalism under different jurisdictions; required disclosures; duties to the various courts; duties to your client; different fiduciary duties; the ethics of insolvency planning and COMI-shifting.
Ira L. Herman, Moderator
Thompson & Knight LLP
Mark A. Broude
Latham & Watkins LLP
Hon. Robert D. Drain
U.S. Bankruptcy Court (S.D.N.Y.); White Plains
Brett H. Miller
Morrison & Foerster LLP
Controversial Issues in Valuation
Topics may include selection of comparable companies; liquidity and marketability discounts; discounts for size and reorganization risk; determining a discount rate; option-based valuation methodologies (note that the panelists will discuss and highlight different positions that may be taken, but will leave it to you to decide which positions have more merit).
Sandeep Qusba, Moderator
Simpson Thacher & Bartlett LLP
Hon. Sean H. Lane
U.S. Bankruptcy Court (S.D.N.Y.)
Marc D. Puntus
Centerview Partners LLC
Leon Szlezinger
Jefferies LLC
Fiduciary Duties from Ordinary Course, into Distress and Insolvency, and through Bankruptcy
Do directors’ duties or decision processes change when the company’s conditions worsen? Is there still any implication to a “zone of insolvency”? How do directors’ duties change in bankruptcy? What duties are there to secured and unsecured creditors? Are there duties to controlled affiliates or their constituencies? Are there process protections? Quadrant (Delaware decision on board action).
Peter Sabin Willett , Moderator
Morgan, Lewis & Bockius LLP
Hon. Robert E. Gerber
U.S. Bankruptcy Court (S.D.N.Y.)
Kristopher M. Hansen
Stroock & Stroock & Lavan LLP
Nancy A. Mitchell
Greenberg Traurig, LLP
“Governed by New York Law”? Considering the Impact of New York State Law in Bankruptcy Matters
Major cases filed in New York may follow that state’s laws because of the location of the forum, contractual designation or some other reason. But New York law on debtors/creditors, fraudulent transfer, partnership and other areas may be out of date or may depart from the laws of other jurisdictions. Discussion of New York State law issues and recent cases certified to the New York State Court of Appeals, including rent-controlled leaseholds as property rights.
Lisa G. Beckerman, Moderator
Akin Gump Strauss Hauer & Feld LLP
William A. Brandt, Jr.
Development Specialists, Inc.
Hon. Robert E. Grossman
U.S. Bankruptcy Court (E.D.N.Y.); Central Islip
David M. Posner
Otterbourg P.C.
11:15-11:30 a.m.
Refreshment Break
11:30 a.m.-12:45 p.m.
Repeat Concurrent Sessions (6)
Momentive Deconstructed
Dennis F. Dunne, Moderator
Milbank, Tweed, Hadley & McCloy LLP
Kelley A. Cornish
Paul, Weiss, Rifkind, Wharton & Garrison LLP
Joel H. Levitin
Cahill Gordon & Reindel LLP
Hon. Brendan L. Shannon
U.S. Bankruptcy Court (D. Del.); Wilmington
Jane Lee Vris
Millstein & Co., L.P.
Bankruptcy Litigation Panel
Michael Luskin, Moderator
Luskin, Stern & Eisler LLP
Philip Bentley
Kramer Levin Naftalis & Frankel LLP
Hon. Martin Glenn
U.S. Bankruptcy Court (S.D.N.Y.)
Susheel Kirpalani
Quinn Emanuel Urquhart & Sullivan, LLP
Professional Responsibility and Ethics Issues Arising from Cross-Border Representations in Insolvency Cases
Ira L. Herman, Moderator
Thompson & Knight LLP
Luc A. Despins
Paul Hastings LLP
Hon. Robert D. Drain
U.S. Bankruptcy Court (S.D.N.Y.); White Plains
Robin E. Keller
Hogan Lovells US LLP
Controversial Issues in Valuation
Sandeep Qusba, Moderator
Simpson Thacher & Bartlett LLP
David Hilty
Houlihan Lokey
Hon. Sean H. Lane
U.S. Bankruptcy Court (S.D.N.Y.)
J. Scott Victor
SSG Capital Advisors, LLC
Fiduciary Duties from Ordinary Course, into Distress and Insolvency, and through Bankruptcy
Peter Sabin Willett , Moderator
Morgan, Lewis & Bockius LLP
Hon. Robert E. Gerber
U.S. Bankruptcy Court (S.D.N.Y.)
Jonathan Goldin
Goldin Associates, LLC
Richard G. Mason
Wachtell, Lipton, Rosen & Katz
Steven J. Reisman
Curtis, Mallet-Prevost, Colt & Mosle LLP
“Governed by New York Law”? Considering the Impact of New York State Law in Bankruptcy Matters
Lisa Beckerman, Moderator
Akin Gump Strauss Hauer & Feld LLP
Hon. Robert E. Grossman
U.S. Bankruptcy Court (E.D.N.Y.); Central Islip
Evan C. Hollander
Arnold & Porter LLP
Barbra Rachel Parlin
Holland & Knight LLP
12:45-2:15 p.m.
Buffet Lunch
Sponsored by Grant Thornton, LLP
2:15-2:45 p.m.
Keynote Presentation
Where Will Tomorrow’s Problems Come From? U.S. Economic and Industry Outlook
Panel discussion with senior economists about the U.S. economy, future trends, and which sectors we can expect to see having problems.
Dr. Faten Sabry, Moderator
NERA Economic Consulting
Ethan Harris
BofA Merrill Lynch Global Research
Charles P. Himmelberg
Goldman Sachs
2:45-4:00 p.m.
Concurrent Sessions (6)
Bankruptcy Ethics Update
Discussion of EPF bankruptcy process issues. What are the duties of directors and their professionals in complex multi-debtor cases? More generally, when is it necessary to obtain a conflict waiver? Current vs. recent vs. former clients; directly adverse vs. positionally adverse; relatedness to a prior matter; use of confidential information; review of disinterestedness standards under Bankruptcy Code § 101(14) and related disclosure requirements; ABI Report on Standards of Professional Courtesy and Conduct.
Michael P. Richman, Moderator
Hunton & Williams LLP
Jonathan L. Flaxer
Golenbock Eiseman Assor Bell & Peskoe LLP
Deirdre Martini McGuinness
KCC
Hon. Elizabeth S. Stong
U.S. Bankruptcy Court (E.D.N.Y.); Brooklyn
Cross-Border Bankruptcy Issues
Nortel (two courts simultaneously trying allocation issues); Suntech, Barnet and subsequent bankruptcy court decisions on remand (recognition and § 109(a)); Fairfield Sentry Limited (sale of SIPA claims); enforcement of judgments (Argentina litigation, Madoff); filing of chapter 11 cases by foreign debtors (Alsacia); extraterritoriality issues regarding avoidance actions (Madoff decisions). Do Fairfield, Quimonda, and Madoff represent a retreat from the principle of comity set forth in chapter 15?
Lisa M. Schweitzer, Moderator
Cleary Gottlieb Steen & Hamilton LLP
Michael Genereux
The Blackstone Group L.P.
Hon. Allan L. Gropper
U.S. Bankruptcy Court (S.D.N.Y.)
Daniel A. Lowenthal
Patterson Belknap Webb & Tyler LLP
Recent Decisions Affecting Secured Creditor Rights and the Potential Impact of Such Cases
Cramdown interest rate (Momentive); extent of security interest (ResCap); credit-bidding (Fisker, Free Lance-Star Publishing); date of collateral valuation. Will Till and Momentive change future bankruptcies? How will pre-bankruptcy and DIP financing change? What new or different issues will arise at the beginnings and endings of cases? Will contested confirmation become the norm? Will secured lenders be less willing to support a bankruptcy process? Will include discussion of changes proposed in the ABI Commission to Study the Reform of Chapter 11’s Final Report relating to secured creditor rights.
David M. Hillman, Moderator
Schulte Roth & Zabel LLP
Hon. Stuart M. Bernstein
U.S. Bankruptcy Court (S.D.N.Y.)
Marc J. Heimowitz
Claren Road Asset Management
Brian Trust
Mayer Brown LLP
General Motors, Redux
Constitutional and bankruptcy law issues raised by post-bankruptcy claims asserted by tort claimants, including finality of § 363 sale orders and due process.
Martin J. Bienenstock, Moderator
Proskauer
Hon. Shelley C. Chapman
U.S. Bankruptcy Court (S.D.N.Y.)
Kathryn A. Coleman
Hughes Hubbard & Reed LLP
Matthew A. Feldman
Willkie Farr & Gallagher LLP
Arthur J. Steinberg
King & Spalding LLP
Current Issues in Bankruptcy Taxation
Preservation and realization of NOLs through plan structures (Capmark, WaMu, Fremont General); tax-sharing agreements and allocations of tax benefits (Edison Mission); OID (ResCap); excess loss account; fair market exchanges; transfer pricing (Nortel); trading restrictions and more.
Ray C. Schrock, Moderator
Weil Gotshal & Manges LLP
Hon. Kevin J. Carey
U.S. Bankruptcy Court (D. Del.); Wilmington
Alec P. Ostrow
Becker, Glynn, Muffly, Chassin & Hosinski LLP
Howard J. Tucker
EY
Alternatives to Chapter 11
In today’s post-BAPCPA environment, why file for bankruptcy at all? Consideration of alternatives, including out-of-court restructurings, state law restructuring statutes, ABCs, foreclosures; receiverships; discussion of common problems, including solicitations and hold-outs.
Kenneth S. Ziman, Moderator
Skadden, Arps, Slate, Meagher & Flom LLP
Gary L. Kaplan
Fried, Frank, Harris, Shriver & Jacobson LLP
Deborah C. Rieger-Paganis
AlixPartners, LLP
Hon. Louis A. Scarcella
U.S. Bankruptcy Court (E.D.N.Y.); Central Islip
4:00-4:15 p.m.
Refreshment Break
4:15-5:30 p.m.
Repeat Concurrent Sessions (6)
Bankruptcy Ethics Update
Michael P. Richman, Moderator
Hunton & Williams LLP
George A. Davis
O’Melveny & Myers LLP
Irving H. Picard
BakerHostetler
Hon. Elizabeth S. Stong
U.S. Bankruptcy Court (E.D.N.Y.); Brooklyn
Cross-Border Bankruptcy Issues
Lisa M. Schweitzer, Moderator
Cleary Gottlieb Steen & Hamilton LLP
Paul M. Basta
Kirkland & Ellis LLP
Hon. Allan L. Gropper
U.S. Bankruptcy Court (S.D.N.Y.)
Jeffrey S. Sabin
Venable LLP
Recent Decisions Affecting Secured Creditor Rights and the Potential Impact of Such Cases
David M. Hillman, Moderator
Schulte Roth & Zabel LLP
Hon. Stuart M. Bernstein
U.S. Bankruptcy Court (S.D.N.Y.)
Ronen A. Bojmel
Guggenheim Partners, LLC
Daniel B. Kamensky
New York
Madlyn G. Primoff
Kaye Scholer LLP
General Motors, Redux
Martin J. Bienenstock, Moderator
Proskauer
Hon. Shelley C. Chapman
U.S. Bankruptcy Court (S.D.N.Y.)
Matthew A. Feldman
Willkie Farr & Gallagher LLP
William P. Weintraub
Goodwin Procter LLP
Edward S. Weisfelner
Brown Rudnick LLP
Current Issues in Bankruptcy Taxation
Ray C. Schrock, Moderator
Kirkland & Ellis LLP
Hon. Kevin J. Carey
U.S. Bankruptcy Court (D. Del.); Wilmington
Steven Joffe
FTI Consulting, Inc.
Vadim Mahmoudov
Debevoise & Plimpton LLP
Alternatives to Chapter 11
Kenneth S. Ziman, Moderator
Skadden, Arps, Slate, Meagher & Flom LLP
Hon. Carla E. Craig
U.S. Bankruptcy Court (E.D.N.Y.); Brooklyn
William H. Henrich
Getzler Henrich & Associates LLC
Frank A. Oswald
Togut, Segal & Segal LLP
5:30 p.m.
Adjourn
5:30-7:00 p.m.
Networking Reception (open to all attendees!)
Cocktail Reception Sponsored by NERA Economic Consulting
New York City Bankruptcy Conference Advisory Board
Conference Co-Chairs
Hon. Shelley C. Chapman, Judicial Chair
U.S. Bankruptcy Court (S.D.N.Y.)
Lisa G. Beckerman, Co-Chair
Akin Gump Strauss Hauer & Feld LLP
Timothy Graulich, Co-Chair
Davis Polk & Wardwell LLP
David Pauker, Co-Chair
Lehman Brothers Holdings, Inc.
Conference Advisory Board
Paul M. Basta Kirkland & Ellis LLP Philip Bentley Kramer Levin Naftalis & Frankel LLP Martin J. Bienenstock Proskauer Ronen A. Bojmel Guggenheim Partners, LLC William A. Brandt, Jr. Development Specialists, Inc. Mark A. Broude Latham & Watkins LLP Kathryn A. Coleman Hughes Hubbard & Reed LLP George A. Davis O'Melveny & Myers LLP Luc A. Despins Paul Hastings LLP William Q. Derrough Moelis & Company Dennis F. Dunne Milbank, Tweed, Hadley & McCloy LLP Matthew A. Feldman Willkie Farr & Gallagher LLP Jonathan L. Flaxer Golenbock Eiseman Assor Bell & Peskoe LLP Paul M. Goldschmid King Street Capital Management, L.P. Sean A. Gumbs FTI Consulting, Inc. Kristopher M. Hansen Stroock & Stroock & Lavan LLP Scott L. Hazan Otterbourg P.C. Marc J. Heimowitz Claren Road Asset Management William H. Henrich Getzler Henrich & Associates LLC Ira L. Herman Thompson & Knight LLP David M. Hillman Schulte Roth & Zabel LLP David Hilty Houlihan Lokey Evan C. Hollander Arnold & Porter LLP Michael Genereux The Blackstone Group L.P. Daniel B. Kamensky Paulson & Co. Inc. Robin E. Keller Hogan Lovells US LLP Susheel Kirpalani Quinn Emanuel Urquhart & Sullivan, LLP Alan W. Kornberg Paul, Weiss, Rifkind, Wharton & Garrison LLP BlueMountain Capital Management, LLC Paul D. Leake Jones Day Ivan Lehon EY Joel H. Levitin Cahill Gordon & Reindel LLP Daniel A. Lowenthal Patterson Belknap Webb & Tyler LLP |
Michael Luskin Luskin, Stern & Eisler LLP Deirdre Martini McGuinness KCC Richard G. Mason Wachtell, Lipton, Rosen & Katz Vivek Melwani Centerbridge Partners, L.P. Lorenzo Mendizabal Epiq Systems, Inc. Brett H. Miller Morrison & Foerster LLP Nancy A. Mitchell Greenberg Traurig, LLP Goldman Sachs Alec P. Ostrow Becker, Glynn, Muffly, Chassin & Hosinski LLP Deborah C. Rieger-Paganis AlixPartners, LLP Irving H. Picard BakerHostetler Madlyn G. Primoff Kaye Scholer LLP Marc Puntus Centerview Partners LLC Sandeep Qusba Simpson Thacher & Bartlett LLP Steven J. Reisman Curtis, Mallet-Prevost, Colt & Mosle LLP Michael P. Richman Hunton & Williams LLP Jeffrey S. Sabin Venable LLP Brad E. Scheler Fried, Frank, Harris, Shriver & Jacobson LLP Ray C. Schrock Weil, Gotshal & Manges LLP Lisa M. Schweitzer Cleary Gottlieb Steen & Hamilton LLP Glenn E. Siegel Morgan, Lewis & Bockius LLP Arthur J. Steinberg King & Spalding Leon Szlezinger Jefferies LLC My Chi To Debevoise & Plimpton LLP Albert J. Togut Togut, Segal & Segal LLP Brian Trust Mayer Brown LLP J. Scott Victor SSG Capital Advisors, LLC Jane Lee Vris Millstein & Co., L.P. Michael Waldorf Paulson & Co. Inc. William P. Weintraub Goodwin Procter LLP Edward S. Weisfelner Brown Rudnick LLP John W. Weiss Alston & Bird LLP Kenneth S. Ziman Skadden, Arps, Slate, Meagher & Flom LLP |
Conference Information
Hotel Accomodations
Located in Midtown Manhattan within blocks of Central Park, Times Square, the Theatre District, Fifth Avenue shopping, MOMA and so much more, the New York Hilton Midtown is the perfect host hotel for this program. ABI has negotiated a special conference rate of $339 single/double per night from May 12-15, 2015, at the New York Hilton Midtown (reservations must be made by April 13, 2015, to secure this special rate). Please call (212) 586-7000 to make your reservations. Reservations may be made only once you have registered with ABI. Be sure to identify yourself with the conference to obtain the special conference rate. Rooms are held on a first-come, first-served basis. ABI cannot guarantee anyone a room after the specially rated ABI block is filled.
Conference Attire
Professional business attire is requested throughout the conference.
Continuing Education
6.5 hours of CLE credit, including 1.25 hours of ethics, is pending in states calculating CLE on a 60-minute hour, and approval for 7.5 hours of CLE credit, including 1.5 hours of ethics, is pending in 50-minute-hour states. Credit hours granted are subject to approval from each state. NY MCLE: This transitional and non-transitional program has been approved in accordance with the requirements of the CLE Board for a maximum of 7.5 hours, of which 1.5 hours of credit can be applied toward the ethics professionalism requirement.California MCLE: ABI certifies that this activity has been approved for MCLE credit in the amount of 6.5 hours, of which 1.25 hours will apply to ethics. 7.5 of CPE credit, including 1.5 hours of ethics, are also available.
*ABI offers intermediate-level courses, which assume that attendees have some knowledge in insolvency matters (pursuant to the "Statement on Standards for CPE Programs" established by AICPA and NASBA). ABI is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Ave. North, Suite 700, Nashville, TN 37219-2417, or www.nasba.org. For more information regarding administrative policies such as complaints and refunds, please contact the American Bankruptcy Institute at (703) 739-0800.
ABI acknowledges that in some instances there will be persons who need to attend an educational seminar for CLE credit who are not able to pay full registration fees. ABI will handle such instances on a case-by-case basis and will work with the individual on alternative solutions. For persons who cannot meet the full registration rate, ABI will offer a reduced rate based on what the individual can reasonably afford to cover the cost of meals and materials. For persons unable to pay a reduced rate, we may allow the individual to work at our registration area for a few hours during attendee check-in, or assist in conference set-up. ABI also has reduced rates for government employees, professors, law clerks and students. For information on tuition assistance, e-mail [email protected].
Cancellation Policies
All fees, except a $75 handling fee, will be refunded if written notice of cancellation is received by April 23, 2015. No refunds will be granted after April 23, although substitutions will be allowed. After April 23, upon written request, a coupon for 20% off the registration fee (not including optional events) will be issued, which can be used (by the canceling registrant only) for any ABI educational program up to one year after this conference, or for this same conference next year.
New York City Bankruptcy Conference Sponsors |
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Akin Gump Strauss Hauer & Feld LLP |
KCC |
Special Thanks
We extend our special thanks to Bloomberg BRIEF for the media partnership, Conway MacKenzie/Variant Capital Advisors, LLC for the conference thumb drives, Donlin, Recano & Company, Inc. for the conference app, KCC for the conference wi-fi service, Sherwood Partners, LLC/agencyIP for sponsoring the exhibit hall, Summit Investment Management LLC and Thomson Reuters for providing the printed educational materials and Wilmington Trust for the conference tote bags.
Rates
Early Bird (3/6/15-3/13/15) |
Regular (3/14/15-5/1/15) |
Late (after 5/1/15) |
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ABI Member
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$525
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$625
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$725
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Gov’t./Aca./Nonprofit ABI Member
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$325
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$375
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$425
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New ABI Member*
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$800
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$900
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$1,000
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Gov’t./Aca./Nonprofit New ABI Member*
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$420
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$470
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$520
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Registration rates include continental breakfast, luncheon presentation, all refreshment breaks and the written materials.
* Includes a one-year ABI membership for first-time members only — a $295 value! You must be an ABI member to attend. Membership is individual and nonrefundable. If your membership has expired, select the member rate and add in your membership renewal fee.
Exhibitor Rates:
ABI Member Exhibitor**
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$1,600
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ABI Member Secondary Exhibitor
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$500
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New ABI Member Exhibitor***
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$1,850
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New ABI Member Exhibitor***
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$750
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** Includes one 6’ table and full registration for one booth representative.
*** Includes one 6’ table, full registration for one booth representative AND a one-year membership for first-time members only — a $295 value! Membership is individual and nonrefundable. Expired members should select the member rate and add in the membership renewal fee on this form. You must be an ABI member to attend the conference.