The Asset Sales Committee is actively soliciting nominations for the Fourth Annual ABI Asset Sales Committee Sale of the Year Award. Details are set forth below. Please submit your best deal.
Nomination Deadline
Friday, March 18, 2022
Criteria
- Completion of a distressed sale (in or outside of court via § 363, a plan, an assignment for benefit of creditors, Article 9, receivership, etc.) that was strategic and provided stakeholders with value (“Sale”);
- A display of excellence across the full spectrum of the Sale process, from the initial targeting through pursuit, structuring and financing, to completion of a transaction;
- A Sale that reflects a high level of professional expertise in the design of the transaction, and/or creativity and skill in completing the transaction; and/or
- A Sale of strategic or legal significance and impact (winning entries might focus on overcoming challenges to complete the Sale, innovative financial engineering, and/or motivating agreement across multiple stakeholders). The dollar amount of the Sale is not relevant.
Eligibility
- The Sale must have closed between January 1 and December 31, 2021.
- The person submitting the nomination must be a member of both the American Bankruptcy Institute (the “ABI”) and the ABI Asset Sale Committee (the “ASC”). Self-nominations are permitted.
Award
- The winners of the award shall be the firms/companies/professionals that substantially contributed to the Sale as reflected in the nomination (the “Team”).
- The ASC will announce the winning Sale and Team during its presentation at the Annual Spring Meeting in April 2022.
- The winning Sale and Team will be recognized in the ASC newsletter and on the committee’s webpage. Depending on publication dates, the winners may also be recognized in (a) one or more of ABI’s weekly or monthly email publications, and (b) the ABI Journal (in the Inside ABI section).
Nomination Process
- Complete the nomination form, click here.
- Completed nomination forms should be sent directly to Evelyn J. Meltzer at evelyn.meltzer@troutman.com and Leyza Blanco at lblanco@sequorlaw.com by March 18, 2022.
Previous Award Winners
2020:
- In re Verity Health System of California, Inc. , Case No. 18-20151 (Bankr. C. D. Cal)
Honorary Mention:
- In re Southern Foods Group, LLC, et al. (Bankr S.D. Texas) and In re OGGUSA, Inc., f/k/a GenCanna Global USA, Inc. (Bankr. E.D. Ky.)
2019:
- In re Agera Energy LLC, et al., Case No. 19-23802 (Bankr. S.D.N.Y.)
Honorary Mention:
- Richard’s Foodporium (a.k.a. Whole Foods Inc.) Assignment for the Benefit of Creditors, Case No. 2018-CA-005922
2018:
- In re Colbalt Energy, Case No. 17-36709 (Bankr S.D. Texas)
Honorary Mention:
- Playhut, Inc., Case No. 18-15972 (Bankr. C. D. Cal)
Committees