The Evolution of Debtor-in-Possession Financing

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SGRI Professorship Lecture

The Evolution of Debtor-in-Possession Financing

SYNOPSIS

Debtor-in-possession (DIP) financing is a crucial element of corporate reorganization law, allowing a debtor to access liquidity necessary to restructure the company’s assets and liabilities. In U.S. Chapter 11, DIP financing practice has changed greatly over its 45 year history, and the concerns of misuse of DIP loans have changed as well. Professor Kenneth Ayotte will discuss lessons from the U.S. experience, and compare to Singapore law with the aim of drawing useful lessons for both countries.

As seats are limited, registration is on a first-come, first-served basis.

PROGRAMME

Time (SGT)	Event
4.30pm	Registration
4.55pm	Guests to be seated
5.00pm	Welcome remarks Professor Lee Pey Woan Dean, Yong Pung How School of Law Singapore Management University (SMU)
5.10pm	Lecture Professor Kenneth Ayotte SGRI Visiting Professor University of California, Berkeley
6.00pm	Q&A Professor Kenneth Ayotte Moderator: Associate Professor Aurelio Gurrea Martínez (SMU)
6.15pm	End of event (reception follows)

SPEAKER

Singapore Global Restructuring Initiative (SGRI) Visiting Professor

Professor Kenneth Ayotte
University of California, Berkeley

Professor Kenneth Ayotte is the Robert L. Bridges Professor of Law at the University of California, Berkeley - School of Law. He joined Berkeley Law in 2014. From 2007-2014, he was a Professor of Law at Northwestern University. From 2002-2007, he was an Assistant Professor in the Finance and Economics group at Columbia Business School. Professor Ayotte has served as a director of the American Law and Economics Association and an Associate Editor of the International Review of Law and Economics. He teaches corporate finance and bankruptcy law. His research uses financial and economic tools to better understand the bankruptcy system. His most recent articles have focused on valuation disputes in corporate reorganizations and the treatment and evolution of debtor-in-possession financing in the United States. He holds a BA from the University of Virginia and PhD in Economics from Princeton University. In 2023, Professor Ayotte will be visiting Singapore Management University as the inaugural SGRI Visiting Professor.

MODERATOR

Head, Singapore Global Restructuring Initiative

Associate Professor Aurelio Gurrea Martínez
Singapore Management University

Aurelio Gurrea Martínez is an Associate Professor of Law and Head of the Singapore Global Restructuring Initiative at the Singapore Management University. He is a member of the Academic Steering Committee at INSOL International, founding director at the Ibero-American Institute for Law and Finance, and co-chair of the SMU-3CL Cambridge Roundtable on Corporate Insolvency Law. He has taught, studied or conducted research at several institutions in the United States, the United Kingdom, Continental Europe, Asia and Latin America, including Harvard Law School, Yale Law School, Columbia Law School, Stanford University, and the University of Oxford. He has also been a Visiting Scholar at the Becker Friedman Institute for Economics at the University of Chicago.

DATE
28 March 2023

TIME
5.00pm to 6.15pm (Singapore time)

VENUE
Function Lounge, Level 4
Yong Pung How School of Law
55 Armenian Street
Singapore 179943

FEES

Complimentary

PUBLIC CPD POINTS

1.0 Point

PRACTICE AREA

Corporate / Commercial

TRAINING CATEGORY

Advanced

SILE ATTENDANCE POLICY

Participants who wish to obtain CPD Points are reminded that they must comply strictly with the Attendance Policy set out in the CPD Guidelines. For this activity, this includes signing in on arrival and signing out at the conclusion of the activity in the manner required by the organiser, and not being absent from the entire activity for more than 15 minutes. Participants who do not comply with the Attendance Policy will not be able to obtain CPD Points for attending the activity. Please refer to www.sileCPDcentre.sg for more information.

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