FaegreBD Commercial Lending Seminar & Happy Hour

Please join FaegreBD’s finance and restructuring team for a lively discussion of topics affecting our friends and clients in the commercial lending field to be followed by networking and refreshments. We’ll have you educated, networked and on your way in time for your evening commute.

Members of our finance and restructuring team will share their insights, experience and practical advice on topics including:

• Recent Developments Affecting Commercial Lending: Whether it’s the recent enactment of Section 18-217 of the Delaware Code (providing for the “division” of a single Delaware limited liability company into two or more LLCs), LIBOR’s impending demise, or other topical developments, there is plenty to discuss!
• When You’ve Got Problems, You’ve Got Options: When a borrower defaults on a secured loan, secured lenders have options. Among them are a sale under Article 9 of the Uniform Commercial Code, a “strict foreclosure” or an Assignment for the Benefit of Creditors. Each has its own set of benefits, drawbacks and considerations, and the appropriate remedy will necessarily depend on the facts and circumstances of each case.
• SOS, When to Call in the Professionals: In the difficult scenario in which a lender loses trust in the honesty or competence of a company’s upper management, it may be time to consider hiring a chief restructuring officer (CRO) or appointing a receiver. As an independent third party, a CRO or receiver can mitigate many issues by acting as a temporary CEO and direct liaison to the lender. Although CROs and receivers differ in their genesis and reporting channels, both options may benefit the company, the lender, and other creditors and stakeholders.

Applications will be submitted for Continuing Legal Education (CLE) in Illinois, Indiana and Minnesota and Continuing Professional Education (CPE) credits.

If you have questions about this program, please contact Lindsey Merek or call +1 317 237 1289.