Intellectual property (IP) is a type of intangible asset held by businesses. It includes trademarks, patents, copyrights and more. Compared to tangible assets, identifying and calculating the value of intangible assets can be much more complex. When properly identified and valued, these assets help in creating or maintaining corporate value.
Alexandria, Va. — Speakers from around the globe will be discussing today's most relevant cross-border cases and topics at ABI’s Cross-Border Insolvency Program at the Blank Rome LLP’s Conference Center in Manhattan on October 24, hosted by ABI’s International Committee. Attendees have the opportunity to earn 5/6 hours of CLE/CPE credit, and session programming will be immediately followed by a networking reception. The program will also feature an announcement of the winners of the second annual "International Matter of the Year Award," launched by ABI’s International Committee last year. Sessions at the Cross-Border Insolvency Program include:
To view the full list of expert speakers and find out more about the Cross-Border Insolvency Program, please click here. If you are a member of the press and would like to attend the Cross-Border Insolvency Program, please contact ABI Public Affairs Officer John Hartgen at 703-894-5935 or jhartgen@abi.org.
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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 nearly 10,000 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 http://www.abiworld.org/conferences.html.
Signa Sports United has closed its U.S. offices, which included operations for the Vitus and Nukeproof bike brands and the Hotlines wholesale distribution business, all based in Park City. Signa, headquartered in Berlin, announced earlier this week that it had lost access to a 150 million euro ($159 million) equity commitment from its parent company, BicycleRetailer.com reported. The company has reported serious liquidity challenges and had begun the process of delisting from the New York Stock Exchange. It announced Friday that is preparing to make insolvency filings for its various subsidiaries in the coming days. Tennis-Point GmbH, a Germany-based e-commerce retailer owned by Signa, already has filed for insolvency in Germany. Signa owns the Vitus and Nukeproof brands and the CRC/Wiggle cycling e-commerce sites, along with an array of other e-commerce sites in the tennis, camping and team sports markets. Signa's parent company is controlled by René Benko, an Austrian billionaire.
A U.S. bankruptcy court judge granted SAS AB’s request to speed the process of paying $3 million to advisers of the Scandinavian airline’s investor group, keeping its restructuring on track over opposition from creditor Apollo Global Management Inc., Bloomberg News reported. Judge Michael E. Wiles set an Oct. 12 hearing on a motion to expedite reimbursement to advisers to the group led by Air France-KLM and Castlelake LP, who are set to take control of SAS as it exits from chapter 11 protection. SAS’s request appeared to be “in the best interests of the debtors, their estates, their creditors, and all parties in interest,” the judge said in a court filing on Tuesday. Apollo had objected to the expedited hearing, arguing that the move would make it harder to prevail on its plan to object to the payment. It added that it won’t have enough time to review and respond to the reimbursement motion. Apollo provided a $700 million debtor-in-possession term loan to SAS as it went through chapter 11 reorganization. While the U.S. equity firm reportedly sought to buy a majority stake, SAS last week chose rival Air France-KLM group, which also includes the Danish state and Lind Invest ApS.
