Nomination Deadline: March 18, 2024
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, 2023.
- The person submitting the nomination must be a member of both the American Bankruptcy Institute (the “ABI”) and the ABI Asset Sales 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 2024.
- 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). The winners will be asked to author an article describing the winning sale for publication in the ASC newsletter and may also be asked to speak about the sale at an ASC webinar.
Nomination Process
- Complete the nomination form.
- Completed nomination forms should be sent directly to Matt LoCascio and Leyza Blanco, co-chairs of the ASC, at mlocascio@schgroup.com; lblanco@sequorlaw.com, by March 18, 2024.
Committees