New York, NY, November 23, 2017 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Michael J. Kearney, Of Counsel, Satterlee Stephens LLP will speak at a webcast entitled: “Distressed Debt, Restructurings and Workouts: A 2018 Outlook.” This webcast is scheduled on Tuesday, December 5, 2017 @ 12:00 pm – 1:00 pm (ET).
In the second half of 2017, the distressed and restructuring communities witnessed a slew of key judicial opinions that concern some of the most material and contentious components of today’s Chapter 11 landscape, including makewhole premiums and cramdown interest rates (Momentive Performance Materials), nonconsensual third-party releases (Millennium Health) and plan gifting (Nuverra). These decisions will likely not only have a material impact on recoveries that secured and unsecured creditors are entitled to receive as part of a company’s Chapter 11 reorganization, but also how and where companies will conduct their complex, in-court restructurings in 2018. During this course, the panel will revisit these decisions, analyze the rulings and discuss the impact that they may have on 2018’s restructuring landscape.
Business restructurings, bankruptcies, and reorganizations create distressed debt investing opportunities. This webinar will address recent developments in Federal Income Tax with respect to market discount, cancellation of indebtedness income, original issue discount, and debt restructurings involving disregarded entities.
About Michael J. Kearney
Michael Kearney is of Counsel to Satterlee Stephens LLP and practices tax law with a focus on transactional tax matters.
Mr. Kearney advises on the tax aspects of domestic and cross-border mergers and acquisitions, joint ventures, debt financings, and financial restructurings involving corporations, partnerships and LLCs. He counsels clients on matters involving controlled foreign corporations, passive foreign investment companies, effectively connected income, unrelated business taxable income, and income tax treaties.
In the private investment funds area, Mr. Kearney has advised both fund sponsors and significant LP investors on the tax structuring of private equity fund and hedge fund formations, co-investments, and secondary transactions for domestic and foreign funds. He also represents non-U.S. resident individuals on strategic tax planning and structuring related to U.S. investments.
About Satterlee Stephens LLP
Since 1894, Satterlee Stephens LLP has been building a history of success, helping clients solve challenging legal problems and achieve their commercial and personal goals. In our 120-year history, we have represented numerous companies and individuals recognized as great American success stories. The firm represented Mark Twain and was responsible for both naming and incorporating General Motors. A partner, Harlan Fiske Stone, went on to become Chief Justice of the U.S. Supreme Court. This record of success continues.
Today, we represent companies that are leaders in their fields, including major global financial institutions, multinational consumer products companies, information technology companies, leading pharmaceutical and medical device companies, publishers, insurers, media companies, and some of the world’s largest fashion and apparel companies. We are a dynamic, mid-sized firm, offering clients a value proposition larger firms often find difficult to achieve. We are nimble, innovative and efficient, tailoring the team to fit the matter at hand. Our approach to the practice of law is forward thinking and emphasizes four key elements: quality, service, results and cost-effectiveness. Our goal is to achieve our clients’ immediate objectives, while also protecting and advancing their long-term interests. That is our legacy—and our promise today and tomorrow. We can help you succeed.
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. Its mission is to produce unbiased, objective, and educational live webcasts that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly-focused format.