Financial Transactions and Services - Continuing Legal Education (With Substance Abuse and Legal Ethics Credit)


Morrison & Foerster LLP
555 West Fifth Street, Suite 3500
Los Angeles, CA
Teri Ghaemmaghami
(213) 892-5595

Morrison & Foerster is pleased to invite you to attend a free continuing legal education seminar on Thursday, January 14, 2010. This seminar will address legal issues facing financial institutions and financial service providers in today’s challenging environment.

Six separate one-hour sessions will be presented over a three-hour period beginning at 2:00 p.m. You may attend up to three sessions (one hour each). Regardless of which sessions you select, program materials for all six sessions will be available. Following the seminar, we will host a reception for the speakers and attendees.

Choose up to three of the following sessions (one per section):

Section One 2:00 p.m. – 2:55 p.m.

Session A Secondary Loan Trading. A Close Look at 2009. A discussion on both the business and legal highlights of the secondary loan market during calendar year 2009, including a look at some important cases decided during the year.

Session B
Substance Abuse in the Workplace. Greg Dorst is a former prosecutor and defense attorney who currently works full time in the recovery field. He is a Certified Addiction Specialist, frequent lecturer on chemical dependency, and trainer of staff at recovery and treatment facilities. He is also the Southern California Consultant for the Other Bar.

Section Two 3:00 p.m. – 3:55 p.m.

Session A
Managing Corporate Debt in the Credit Crisis: Debt Repurchases and Exchanges, Credit Facility Restructurings and Other Techniques. Partners in the firm's Corporate, Capital Markets, and Financial Transactions Groups will discuss recent developments in debt repurchases, exchange offers, tender offers, institutional credit facility modifications, and other liability management tools for borrowers and their lenders.

Session B
Ethics in Bad Times. This discussion will focus on recent ethics opinions arising out of the financial crisis.

Section Three

Session A
Enforcement of Loan Covenants in Litigation: Damages, Specific Performance, and Beyond. Sometimes the right to accelerate a loan and foreclose is not enough for a lender. In the right circumstances, judicial enforcement of loan terms (such as covenants to make capital calls, to maintain management agreements in effect, and to comply with cash management arrangements) can also be employed. David Babbe, a partner in the firm's Litigation Department, will discuss the possibilities and limitations of such loan terms in litigation.

Session B
Credit Crunching Intercreditor Struggles To What End? As a consequence of new debt structures and practices in the bubble that preceded the current economic crisis, there are many new types of intercreditor disputes emerging. These disputes are also inspired by the increased use of credit bidding by buyers of distressed debt who are competing for the purchase of collateral at sales in the borrowers' bankruptcy cases.


David B. Babbe, Morrison & Foerster Partner
Greg Dorst, The Other Bar
Larry Engel, Morrison & Foerster Partner
Kathryn I. Johnstone, Morrison & Foerster Partner
Kenneth E. Kohler, Morrison & Foerster Partner
Mark R. McDonald, Morrison & Foerster Partner
Pauline M. Stevens, Morrison & Foerster Partner

Morrison & Foerster LLP (Provider #2183) certifies that this activity has been approved for MCLE credit by the State of California for a maximum of 3.0 hours.




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