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| Jane VanLare, Partner, Cleary Gottlieb Steen & Hamilton LLP to Speak at KC’s EventFor further details, please visit: https://theknowledgegroup.org/ About Jane VanLare Jane VanLare is a partner-elect, effective January 1, 2016, based in the New York office of Cleary Gottlieb Steen & Hamilton LLP. Her practice focuses on representing investors in distressed assets, large financial institutions, and corporations in all matters relating to in- and out-of-court restructurings, bankruptcy, and insolvency, and related litigation. Most recently, Ms. VanLare represented Overseas Shipholding Group, Inc. in its successful global restructuring and Cascade Investment as senior secured party in the recent reorganization of Optim Energy’s operating assets. Jane also represented the Truvo Group in its Chapter 11 reorganization, and Colony Capital in the dismissal of the Chapter 11 case of debtor JER/Jameson Mezz Borrower II. In addition, she advised an ad hoc group of bondholders in connection with the debt restructuring of Maxcom Telecommunications, and represented Goldman Sachs and other derivative creditors in the Chapter 11 proceedings of Lehman Brothers in litigation and a related settlement resolving various disputes concerning Lehman Brothers’ Chapter 11 plan. She regularly publishes on topics relating to bankruptcy and restructuring and serves on the board of the NY chapter of IWIRC. About Cleary Gottlieb Steen & Hamilton LLP A leading international law firm with 16 offices located in major financial centers around the world, Cleary Gottlieb Steen & Hamilton LLP has helped shape the globalization of the legal profession for more than 65 years. Cleary Gottlieb has a proven track record for innovation and providing work of the highest quality to meet the needs of clients worldwide. Event Synopsis: On May 26, 2015, the Supreme Court’s decision in Wellness International Network, Ltd. v. Sharif, sheds light on the scope of a bankruptcy court's authority to adjudicate certain state law claims. The Court upheld the authority of bankruptcy judges to hear, with the consent of the parties, matters that fall within the scope of Article III of the U.S. Constitution. Moreover, the Court also held that Article III does not prevent bankruptcy judges from entering final judgment on claims that seek to augment the bankruptcy estate and would exist outside of bankruptcy proceedings, or the so-called “Stern claims”. In the case, Richard Sharif, the debtor, commenced a Chapter 7 proceeding after a $650,000 default judgment was obtained against him for attorney fees related to federal district court litigation that he had commenced against Wellness International Network Ltd. (WIN). As a creditor in Sharif's bankruptcy, WIN obtained documentation in which Sharif previously attested to having more than $5 million in assets. In response, Sharif claimed that he lied on his loan application and that those assets were not his but the property of the Soad Wattar Trust, of which he was just a trustee. WIN then filed a complaint in the bankruptcy court seeking, among other things, a declaration that the trust was Sharif's “alter ego” and that its assets belonged to the bankruptcy estate. Sharif's answer to WIN's complaint admitted that the adversary proceeding was a "core proceeding" under 28 U.S.C. Section 157(b) such that the bankruptcy court would have authority to enter a final judgment. In this two-hour LIVE Webcast, a panel of key thought leaders and practitioners assembled by The Knowledge Group will examine how the High Court’s decision in Wellness International Network, Ltd. v. Sharif has defined the issues that can be heard and decided by the bankruptcy court. Speakers will also present their thoughts and opinions on how it will impact ongoing and future bankruptcy litigation. Key topics include: § Bankruptcy; § Recent Bankruptcy Cases and Lessons Learned § Stern v. Marshall § Wellness International Network, Ltd. v. Sharif – An Overview § Consent in Bankruptcy Jurisprudence [Kyle should probably draft this] About The Knowledge Group/The Knowledge Congress Live Webcast Series The Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register for an event, please visit: http://theknowledgegroup.org/ End
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