The ABI Asset Sales Committee presented the educational program at the ABI Winter Leadership Conference, entitled “Continuing Turmoil and Crisis in Subprime Mortgages: Challenges and Opportunities of the Sale Process,” moderated by Weston Anson. Panelists included Don D. Grubman, a partner with the New York office of Hahn & Hessen LLP; Van C. Durrer, II, a partner with the Los Angeles office of Skadden, Arps, Slate, Meagher & Flom LLP; and Stuart M. Brown, a partner with the Wilmington, Del., office of Edwards Angell Palmer & Dodge LLP. The panel addressed the challenges facing bankruptcy professionals in the asset sales process. The main discussion topics included:
- Plan vs. Sale Considerations
- Intellectual Property Issues
- Sale Considerations
- Regulatory Impact on Sales
- Auction Issues
- Valuation Issues
- Mortgage Loan Purchase Agreement Terms
- Mortgage Loan Purchase and Servicing Agreement Issues