ABI Partners with AIRA and the University of Texas to Examine Valuation of Distressed Companies and Investments at VALCON 09 Conference

Submitted by webadmin on Wed, 2008-11-12 00:00

Contact: John Hartgen

(703) 739-0800

ABI PARTNERS
WITH AIRA AND THE UNIVERISTY OF TEXAS TO EXAMINE VALUATION OF DISTRESSED

COMPANIES AND INVESTMENTS AT VALCON ‘09 CONFERENCE

size='3'>November 12, 2008, Alexandria, Va
size='3'>.
size='3'>— The American Bankruptcy
Institute, Association of Insolvency &
Restructuring Advisors and the University of Texas

Continuing Legal Education program are sponsoring “VALCON 09:
Risk, Restructurings, Real Estate & Retail,” taking place at
the Four Seasons Hotel in Las Vegas Feb. 25-27, 2009. VALCON 09
attendees will be able to earn up to 15.25 hours of CLE and 18 hours of
CPE credit with the opportunity to take part in special valuation
fundamentals and technical valuation breakout program tracks. VALCON 09
will also feature a keynote by

size='3'>Allan Sloan of
face='Times New Roman' size='3'>Fortune
size='3'>magazine looking at credit, liquidity, the U.S. Treasury and
toxic credit swaps.

The program is a unique
opportunity to meet some of the leading dealmakers and industry leaders
in distressed debt and corporate restructuring.

Two technical valuation
program tracks will be presented on the first day of the conference,
Feb. 25. Prof. Robert
Parrino of the Red McCombs School of Business
at the University of Texas at Austin will preside over the
“Bootcamp: Financials and Valuation Methods” program
track:

The “Financial
Statements and Financial Analysis” session will cover the three
key financial statements, their limitations and how they are used to
evaluate the performance of a business.
“Understanding the
Roles, Strengths and Weaknesses of Different Valuation
Methodologies” examines basic valuation methodologies, including
cost, market and income (DCF) approaches.
Prof.
face='Times New Roman' size='3'>Jay C. Hartzell
size='3'>of the Red McCombs School of Business at the University of
Texas at Austin joins Prof. Parrino for the “Case Study:
Condominium Complex and Related Valuation Issues” session.
Illustrating the application of valuation methodologies and the
complications in the current market environment, this discussion will
focus on a case involving a new condominium complex in an over-built
market.

size='3'>Grant W. Newton of Pepperdine
University and AIRA (Medford, Ore.) will preside over the second program

track, “Technical Valuation Issues”:

The “Emerging
Valuation Techniques: Company-specific Risk
and its Application in Judicial Proceedings” session will explore
methods of assessing company specific risk premiums for both
nondistressed and distressed businesses, and consider acceptance by the
courts of such premiums.
size='3'>Paul N. Shields of LECG (Salt Lake
City) will moderate the session with panelists
face='Times New Roman' size='3'>Joseph A. DiSalvatore
size='3'>of Huron Consulting Group (New York),
face='Times New Roman' size='3'>Michael H. Goldstein
size='3'>of Greenberg Traurig, LLP (Santa Monica, Calif.) and
Prof. David C.
Smith of the McIntire School of Commerce at
the University of Virginia (Charlottesville, Va.).
size='3'>Bryan Benoit of Grant Thornton LLP
(Houston) will moderate “The Impact of Globalization on Valuation
of Distressed Debt and Businesses” session with panelists
Neil Beaton
size='3'>of Grant Thornton LLP (Seattle) and N. Lynn Hiestand of Skadden,
Arps, Slate, Meagher & Flom LLP (London). This presentation will
include a special focus on real and expected shifts in global markets
for capital, the effects of the U.S. financial crisis on value and the
impact of regulation on value.
The “Risk Premium:
Time Period, Arithmetic or Geometric, etc.” session will feature a

debate between
Roger J.
Grabowski ASA of Duff & Phelps LLC
(Chicago) and Bernard
Pump of Deloitte Financial Advisory Services,
LLP (Chicago) on the issues that impact the equity risk premium. The
session will be moderated by
size='3'>Grant W. Newton of Pepperdine
University and AIRA (Medford, Ore.).

size='3'>J. Scott Victor of National City
Capital Markets (West Conshohocken, Pa.) will preside over the morning
programming on Feb. 26:

The “Bubbles and
Bursts: Do Traditional Valuation Methodologies Work in a World Where
Markets Misbehave?” session with moderator
face='Times New Roman' size='3'>Thomas E. Lumsden
size='3'>of FTI Consulting, Inc. (San Francisco) and panelists
Robert J. Moore
of Milbank, Tweed, Hadley & McCloy LLP (Los
Angeles), James D.
Decker of Morgan Joseph & Co., Inc.; (New
York) and Prof. Sheridan
Titman
of the Red McCombs School of Business
at the University of Texas at Austin.
size='3'>Andrew I. Silfen of Arent Fox LLP
(New York) will moderate the “Valuation Case Law Update: Legal and
Financial Perspectives” session with panelists

face='Times New Roman' size='3'>Lisa G. Beckerman
size='3'>of Akin Gump Strauss Hauer & Feld LLP (New York),
William Q. Derrough
of Moelis & Company (New York) and ABI Resident
Scholar Prof. Jack F.
Williams of Georgia State Univeristy and BDO
Consulting (Atlanta).
The judicial panel
examining valuation issues, moderated by
size='3'>John (Jack) Wm. Butler Jr
. of
Skadden, Arps, Slate, Meagher & Flom LLP (Chicago), will feature
Bankruptcy Judges Kevin
J. Carey (Wilmington, Del.),
face='Times New Roman' size='3'>Robert D. Drain
size='3'>(New York),
size='3'>Christopher S. Sontchi (Wilmington,
Del.) and Gregg W.
Zive (Reno, Nev.).

size='3'>Kaaran E. Thomas of McDonald Carano
Wilson LLP (Reno, Nev.) will preside over the Feb. 26 afternoon sessions

that include:

ABI
President-Elect Robert
J. Keach of Bernstein Shur (Portland, Maine)
will moderate the “Mid-Market Restructurings: What Happens if No
One Comes to the Sale?” session with panelists
face='Times New Roman' size='3'>Edward T. Gavin
size='3'>of NachmanHaysBrownstein (Wilmington, Del.),
face='Times New Roman' size='3'>Michael P. Richman
size='3'>of Foley & Lardner LLP (New York),
face='Times New Roman' size='3'>Durc A. Savini
size='3'>of Miller Buckfire & Co. (New York) and
face='Times New Roman' size='3'>Roopesh K. Shah
size='3'>of Goldman, Sachs & Co. (New York).
The “Real Estate:
State of the Industry” session, moderated by
face='Times New Roman' size='3'>Ben E. Barnett
size='3'>, Platinum Advisors LLC (Dallas), will include panelists David
Brown of Metrostudy (Dallas),
size='3'>Ronald F. Greenspan of FTI Consulting
(Los Angeles) and
John
F. Young of Block, Markus & Williams LLC
(Denver).
The “How Will the
Bankruptcy Courts Deal with Problems in the Real Estate Sector?”
judicial panel, moderated by
size='3'>James L. Garrity Jr. of Shearman
& Sterling LLP (New York), will feature Bankruptcy Judges
Charles G. Case II
(Phoenix),
size='3'>Leif M. Clark (San Antonio),
Robert A. Mark
size='3'>(Miami) and

size='3'>Richard M. Neiter (Los
Angeles).

The presiding officer for

the final day of programming, Feb. 27, is D. Bobbitt Noel Jr., Vinson
& Elkins, L.L.P. (Houston). Sessions include:

“The Credit
Crisis, Capital and the Failure of Risk Management” session
featuring Prof. George
(Yiorgos) Allayannis of the Darden School of
Business at the University of Virginia (Charlottesville, Va.) analyzing
the causes of the credit crisis and the central role of capital and risk
management in it.
Prof.
face='Times New Roman' size='3'>Robert Parrino
size='3'>of the Red McCombs School of Business at the University of
Texas at Austin will moderate the “2009 Deals, Valuations,
Investment Strategies and Risks” session with panelists
Jonathan Katz
size='3'>of Panagos Katz Situational Investing (New York),
William C. Repko
of Evercore Partners, Inc. (New York) and
face='Times New Roman' size='3'>Guhan Swaminathan

size='3'>of Virgo Capital (Austin, Tex.).
The “Advising
Boards in an Illiquid World” will be moderated by
face='Times New Roman' size='3'>Peter S. Kaufman
size='3'>of Gordian Group, LLC (New York) and include panelists
Evelyn H. Biery
of Fulbright & Jaworski L.L.P. (Houston),
Marcia L. Goldstein
of Weil, Gotshal & Manges LLP (New York) and
E. Norman Veasey
of Weil, Gotshal & Manges LLP (Wilmington,
Del.).
Moderator
Thomas J. Allison
of Mesirow Financial Consulting, LLC (Chicago) will be
joined by panelists
size='3'>Jeffrey C. Bloomberg of Gordon
Brothers Group LLC (Boston),
size='3'>Cory Lipoff of Hilco Merchant
Resources, LLC (Northbrook, Ill.) and
size='3'>Pamela M. O'Neill
of AlixPartners,
LLP (New York) for the “Retailing: Market Developments and
Restructuring Issues Including Brand Valuations”
session.

For more information on the
VALCON 09 Conference, please visit
href='http://www.abiworld.org/VALCON09'>

color='#0000ff'
size='3'>http://www.abiworld.org/VALCON09.

###

ABI is the largest
multi-disciplinary, nonpartisan organization dedicated to research and
education on matters related to insolvency. ABI was founded in 1982 to
provide Congress and the public with unbiased analysis of bankruptcy
issues. The ABI membership includes more than 11,700 attorneys,
accountants, bankers, judges, professors, lenders, turnaround
specialists and other bankruptcy professionals, providing a forum for
the exchange of ideas and information. For additional information on
ABI, visit www.abiworld.org. For additional conference information,
visit
title='blocked::http://www.abiworld.org/conferences.html'
href='http://www.abiworld.org/conferences.html'>

color='#0000ff'
size='3'>http://www.abiworld.org/conferences.html
face='Times New Roman' size='3'>.

Wednesday, November 12, 2008 - 12:00