Government Contract Issues in Bankruptcy

West LegalEdcenter

03/02/2015

Government Contracts + Public Procurement

Damien C. Specht

Damien C. Specht

Webinar

Government contractors considering chapter 11 bankruptcy reorganization confront a host of considerations that can significantly complicate an already formidable undertaking. This webinar will provide an overview of bankruptcy issues relevant to government contractors and practical guidance to government contractors and counterparties on preserving value and successfully navigating the bankruptcy process. The webinar will address the following issues:

  • Government Contract Termination Rights – What is the scope of the automatic stay and how does it relate to the government’s termination rights?
  • Assumption and Assignment of Government Contracts – How do the Anti-Assignment Act and Bankruptcy Code impact current contracts?
  • FAR Requirements – What compliance hoops should contractors anticipate?
  • Subcontractor Rights – How should subcontractors facing bankruptcy interact with prime contractors
  • Practical Considerations – What practical issues – including interaction with the agency counterparty and maintenance of security clearances – come up during bankruptcy and how should they be addressed?

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