Contact: John Hartgen
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(703) 739-0800
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href='mailto:jhartgen@abiworld.org'>
color='#0000ff' size='3'>jhartgen@abiworld.org
EXPERT ON
“SYSTEMIC RISK” REGULATION TO KEYNOTE ABI’S SIXTH
ANNUAL CORPORATE RESTRUCTURING COMPETITION IN NOVEMBER
size='3'>July 17, 2009, Alexandria, Va.
—The American Bankruptcy Institute’s
(ABI) Sixth Annual Corporate Restructuring Competition will be held Nov.
5-6. The event is hosted by the Kellogg School of Management at
Northwestern University in Chicago. The competition provides the
nation’s top MBA programs with a unique opportunity to learn by
solving a real-world restructuring case problem. The students have a
week to “solve” the problem and prepare comprehensive
presentations showing their operational and financial plans before
panels of judges representing senior company management and bondholders,
with a final round before a mock board of directors. Judges for the
competition are all experienced professionals from some of the top
restructuring and financial firms in the country. The investment banking
firm of Houlihan Lokey Howard & Zukin will again provide the case
problem.
The keynote dinner
speaker will be Peter J. Wallison, the Arthur F. Burns Fellow in
Financial Policy Studies at the American Enterprise Institute in
Washington, D.C. Wallison, who accurately forecast the meltdown of
Fannie Mae and Freddie Mac’s portfolio of risky mortgages,
co-directs AEI’s program on financial policy studies, including
banking, insurance and securities regulation. Wallison’s current
scholarship focuses on financial regulation proposals from the
administration to resolve the problems of “systemically
important” companies (so-called “too big to fail”)
through a government agency rather than bankruptcy, with Wallison
favoring the bankruptcy alternative. More than 120 ABI members and
bankruptcy judges from the Chicago area will attend the dinner. Brian
Shaw of Shaw Gussis et
al (Chicago) is the dinner program
chair.
Past winners of the
Corporate Restructuring Competition include Northwestern
University’s Kellogg School of Management,
size='3'>the University of Pennsylvania Wharton School of
Business, the Stern Graduate School of Business of
New York University and Stanford Graduate Business School. Winning teams
receive prizes of $5,000 for first place, $3,000 for second, $1,750 for
third and $1,250 for fourth place. The first-place school will also
receive the Bettina M. Whyte Trophy, named in honor of the former ABI
president and founder of the competition. To find out more about the
competition’s rules, please visit
href='http://www.abiworld.org/crc/rules.html'>http://www.abiworld.org/crc/rules.html
face='Times New Roman' size='3'>.
Schools interested in
participating in the competition should contact
size='3'>Shannon Nelligan at ABI, (703) 739-0800 or
href='mailto:snelligan@abiworld.org'>
size='3'>snelligan@abiworld.org
size='3'>.
For more information
about the Corporate Restructuring Competition, please visit
href='http://www.abiworld.org/crc'>www.abiworld.org/crc.
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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 12,000 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
face='Times New Roman' color='#0000ff'
size='3'>http://www.abiworld.org/conferences.html
face='Times New Roman' size='3'>.