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Valuation Issues for the Clean Energy and Power Industry, Municipal Bankruptcy and Restructuring in Emerging Markets Among the Issues to Be Discussed at VALCON 2017

Submitted by jhartgen@abi.org on

Alexandria, Va. Leading bankruptcy professionals and dealmakers will converge at “VALCON 2017: Emerging Valuation Issues in Bankruptcy and Beyond,” taking place at the Four Seasons Hotel in Las Vegas March 1-3, 2017. Sponsored by the American Bankruptcy Institute, the Association of Insolvency & Restructuring Advisors and the University of Texas School of Law, the conference will feature up to 14.5/15.5 hours of CLE/CPE credit, including 1 hour of ethics, with the opportunity to take part in special valuation fundamentals and technical valuation breakout program tracks.

 

There will also be a special live “Eye on Bankruptcy” session during lunch with ABI Editor-at-Large Bill Rochelle talking with Cate Long of the Puerto Rico Clearinghouse (New York) about the municipal bond market and municipal bankruptcies. Leah M. Eisenberg of Arent Fox LLP (New York) and Christopher R. LeWand of FTI Consulting, Inc. (Denver) are the co-chairs for the conference.

 

Sessions include:

 

Track A: Valuation Fundamentals

  • Fundamentals of Accounting and Finance for Distressed Companies
  • Fundamentals of Valuation and Methodologies

 

Track B: Technical Valuation Issues

  • Preparing Expert Reports
  • Defending Your Expert Report in a Daubert Challenge

 

General Sessions include:

  • Valuation Case Study
  • Distressed Investment Strategies
  • The Proper Role of an Examiner in Chapter 11 Cases
  • Determining Valuation and the Fulcrum Security Amidst Market Volatility: When the “In the Money” Mark Moves
  • Valuation Issues for the Clean Energy and Power Industry
  • Valuation of Litigation Assets for Providing Financing and Other Purposes
  • Valuation of Assets and Restructuring in Emerging Markets
  • Judicial Panel
  • Hot Topics in Valuation
  • Ethical Issues Involving Disclosures and Retention

 

For a program schedule and full list of speakers, please click here.

 

Members of the press looking to attend the VALCON 2017 conference should contact ABI Public Affairs Manager John Hartgen at 703-894-5935 or jhartgen@abiworld.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 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 http://www.abi.org/calendar-of-events.

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Valuation Experts Will Be Held to a New Standard

Submitted by jhartgen@abi.org on

Finance groups want to bring more consistency to the valuation profession and reduce the number of questions auditors raise about the valuations, the Wall Street Journal reported today. “We want these professionals to better document their assumptions,” Eva Simpson, who is among the managers leading the effort for the American Institute of CPAs (AICPA). The groups are developing a new certification program that would require 30 hours of work, depending on experience, and could cost more than $1,000, according to the AICPA. The accounting trade group is collaborating with the American Society of Appraisers and the Royal Institution of Chartered Surveyors to work out specifics of the program, which could be announced by the end of the year.

RBS Rejected Goldman, Deloitte Warning over 2008 Cash Call, Lawsuit Alleges

Submitted by jhartgen@abi.org on

Just hours before Royal Bank of Scotland launched a massive cash call in 2008 to shore up its capital, the bank's senior advisers were still discussing whether its financial figures were potentially misleading for investors, court documents allege, Reuters reported yesterday. Late into the night, adviser Goldman Sachs, auditor Deloitte and a lawyer for RBS exchanged emails discussing the writedowns on troubled assets that RBS was about to publish, according to the "particulars of claim" filed by lawyers acting for shareholders now suing the bank. Goldman Sachs and Deloitte feared that some figures in the prospectus for the RBS cash call were vulnerable to misinterpretation, according to the particulars of claim. The advisers thought investors might conclude RBS's ability to withstand losses was stronger than it actually was, the claimants' filings, seen by Reuters, allege. The late-night emails were part of a series of warnings from outside advisers that were rejected by senior RBS executives as the bank sought to raise 12 billion pounds ($15 billion), according to court documents. RBS denies the allegations that it misled investors. Lawyers for RBS say in court documents that the valuation figures were reasonable and composed to help the bank decide an appropriate size for its cash call, not to guide investors on losses on the bank's assets. Read more

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