2025 Chicago-Harvard-Wharton Insolvency & Restructuring Conference

Agenda

  • Thursday, September 11, 2025
    • Welcome Drop-In Reception
      • -
      • The Quadrangle Club, Library, 1155 E. 57th St., Chicago, IL 60637
  • Friday, September 12, 2025
    • Breakfast & Registration
      • -
      • University Pre-function, David Rubenstein Forum, 1201 E. 60th St., Chicago, IL 60637 

         

    • Welcome
      • -
      • University B
      • Adam Chilton, Dean, Howard G. Krane Professor of Law, Walter Mander Research Scholar, University of Chicago Law School

        Vince Buccola, Professor of Law, University of Chicago Law School

         

    • Papers 1
      • -
      • University B
      • Mass Tort 

        Francus: Representing the Mass in Mass-Tort Bankruptcy 

        Kline: What is Fair in Chapter 11 and Mass Torts? Revisiting Insurance Channeling Injunctions in Mass Tort Cases Post-Purdue Pharma  

        Simon: Mass Tort Designation

         

      • 701
      • Comparative (General) 

        Kornejew: Creditor Rights and Credit Cycles 

        Albertus, Gurrea-Martinez, Hotchkiss & Zheng: The Economic Impact of Insolvency Reforms Around the World

         

      • 702
      • Primary Markets 

        Chen, Cumming, Zhao & Zhao: Private Equity Sponsors, Law Firm Relationship, and Loan Contracts in Leveraged Buyouts 

        Vyas: CLO-Bank Relationships: Evidence from Bankruptcy and Restructuring Outcomes of CLO-held Loans 

        Buccola & Nini: The Apollo Premium

         

    • Break
      • -
      • University Pre-function

         

    • Papers 2
      • -
      • University B
      • Venue 

        Tavera: Forum Shopping After Purdue 

        Antill & Bellon: The Real Effects of Bankruptcy Forum Shopping 

        Ware: Reconciling Bankruptcy and Insolvency Law with Enforceable Arbitration Agreements

         

      • 701
      • Comparative (North & South) 

        Ben-Ishai & Vyas: Corporate Insolvency Proceedings in Canada: The Gap Between Policy Objectives and Case Outcomes 

        Chippin: Intent in Transactions Avoidance — A need for greater certainty? 

        Gurrea-Martinez: Insolvency Law in the Global South: Lessons for the Global North

         

      • 702
      • Primary Markets 

        Li: Complementarity of Bank and Market Debt in Dynamic Debt Structure 

        Chen: Corporate Bond Refinancing Under Capital Supply Uncertainty 

        Fang & Nini: Go with the Flow: Debt Structure Changes and Interest Rate

         

    • Lunch
      • -
      • University A

         

    • Papers 3
      • -
      • University B
      • Historical Perspective 

        Stolker: Bankruptcy without Borders 

        Lubben: American Schemes 

        Skeel: Debt’s Dominion: A New Epilogue

         

      • 701
      • Non-Corporate Debtors 

        Dick & Yockey: College Closure Law 

        Organek: University Failure 

        Aleszczyk: Short-term debt window-dressing: Evidence from intra-quarter commercial paper borrowings

         

      • 702
      • Away from Bulge Bracket Advisors 

        Ghio & Thomson: Ignorance Isn't Bliss: Why Directors' Legal Literacy Matters for Corporate Rescue 

        Adebola: Comprehending and Resolving the Challenges of Insolvency Law in Practice: The Performance Improvement Approach

         

    • Break
      • -
      • University Pre-function

         

    • Plenary Panel
      • -
      • University B
      • Out-of-Court Dynamics: What Researchers Should Know 

        Ebba Gebisa (Latham & Watkins) 

        Ryan Hamilton (Jefferies) 

        Chad Husnick (Kirkland & Ellis) 

        Mike Weitz (Lazard) 

        Moderator: Jared Ellias

         

    • Break
      • -
      • University Pre-function

         

    • Papers 4
      • -
      • University B
      • Liability Management 

        Altman & Rosenthal: Distressed Exchanges: A Prominent Form of Out-of-Bankruptcy-Court Corporate Restructuring 

        Miller: Liability Management Exercises Mature 

        Roe & Rotaru: Liability Management’s Limited Runway

         

      • 701
      • Comparative (India) 

        Varma & Agarwal: Quantitative Easing 2.0: Leveraging Bankruptcy Law in India for Supporting Viable Firms During Liquidity Crises 

        Tripathi: Reassessing the role of deposit insurance in bank resolutions 

        Sethi: From Distress to Decision: Machine Learning-Based Classification of Corporate Liquidation and Restructuring

         

      • 702
      • Bankruptcy Theory 

        Janger: Equity in Distress: Taking Fairness Seriously in Business Reorganizations 

        Gouzoules: Chapter 11 and Corporate Crime: How Restructuring Does (and Should) Impact Prosecutorial Decisions 

        Dick: The Redemptive Logic of Chapter 11 

         

    • Reception
      • -
      • City View Pre-function, Tenth floor

         

    • Conference Dinner
      • -
      • City View Room, Tenth floor
      • Remarks: Sarah Paterson

         

  • Saturday, September 13, 2025
    • Breakfast
      • -
      • University Pre-function

    • Papers 5
      • -
      • University B
      • Commercial Law 

        Schwarcz & Stewart: Recharacterizing Contracts: The Sale-versus-Loan Problem of Receivables Financing 

        Maryam: Rehypothecation in Cross-Border Financial Transactions: Navigating the Legal Ambiguities, Systemic Vulnerabilities, and the Imperative for Comprehensive Regulatory Overhaul 

        Baird: Fraudulent Transfer Law’s Forgotten Foundations 

         

      • 701
      • Private Credit & Automation 

        Jang & Kim: Valuation Discipline in Private Credit 

        Ellias: Fresh Starts After Bankruptcy 

        Eidenmüller & Mayer: The Corporate Restructuring Machine: Introducing an Open Platform Approach to Workouts

         

      • 702
      • Bankruptcy Theory 

        Seymour: Managerial Bankruptcy Judging 

        Gotberg & Robinson: Bankruptcy Claims 

        Hampson: Business Bankruptcy’s Negative Spaces: When Courts Dismiss, Abstain, or Transfer

         

    • Break
      • -
      • University Pre-function

         

    • Plenary Panel
      • -
      • University B
      • Challenges from the Bench 

        Philip Bentley (Bankr. S.D.N.Y.) 

        Craig Goldblatt (Bankr. D. Del.) 

        Michael Slade (Bankr. N.D. Ill.) 

        Moderator: Mark Roe

         

    • Break
      • -
      • University Pre-function

         

    • Papers 6
      • -
      • University B
      • Chapter 11 at Work 

        Simkovic: The Two Laws of M&A 

        Hynes: Bankruptcy Options and Inverted Control 

        Bentley & Casey: Using § 157(b)(5) to Deal with Mass Torts

         

      • 701
      • Distinctive Stakeholders 

        Velazquez: Bankrupting Collective Power 

        Hunt: Priority Treatment for Fraud Claims in Bankruptcy 

        Bortner: Private Inequity: Business-Law Solutions for Better PE Health Care 

         

      • 702
      • Comparative (Europe+) 

        Ehmke: The Shift Towards Debtor-Friendly Insolvency and Restructuring Regimes: Have We Gone Too Far? 

        Kratzlmeier: Tax Claims under (European) Bankruptcy Law: Special Treatment or Just Another Creditor? 

        Pessoa: Shareholders' Loans and the New Money: A Conflict Between Subordination and Restructuring

         

    • Lunch
      • -
      • University A
      • Farewell: David Skeel