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Venue Drivers: Cases, Courts & Competing Considerations

Venue Drivers: Cases, Courts & Competing Considerations. John Wm. Butler, Jr., Moderator Skadden, Arps, Slate, Meagher & Flom, LLP Marcia L. Goldstein Weil, Gotshal & Manges, LLP Laura Davis Jones Pachulski, Stang, Zuehl, Young, Jones & Weintraub, PC

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Venue Drivers: Cases, Courts & Competing Considerations

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  1. Venue Drivers: Cases, Courts & Competing Considerations John Wm. Butler, Jr., Moderator Skadden, Arps, Slate, Meagher & Flom, LLP Marcia L. Goldstein Weil, Gotshal & Manges, LLP Laura Davis Jones Pachulski, Stang, Zuehl, Young, Jones & Weintraub, PC James H. M. Sprayregen Kirkland & Ellis, LLP

  2. Debtor Filings by the Panelists’ Firms January 2001-July 2004 Rutland, VT Grand Rapids, MI Pittsburgh, PA Milwaukee, WI Harrisburg, PA New York City, NY Chicago, IL Akron, OH Newark, NJ Wilmington, DE Oakland, CA Reno, NV Indianapolis, IN Columbus, OH Washington, DC San Francisco, CA Cincinnati, OH Alexandria, VA Louisville, KY San Jose, CA St. Louis, MO Nashville, TN Los Angeles, CA Albuquerque, NM Columbia, SC Tuscaloosa, AL Ft. Worth, TX Dallas, TX Mobile, AL San Antonio, TX Houston, TX

  3. Venue Analysis Step 1: Determining Which Venues are Available Option 1 Domicile • State of Incorporation • Same as Residence Option 2 Option 3 Principal Place of Business • “Nerve Center” • “Significant Decisions” Option 4 Location of Principal Assets • Not “Nerve Center” • Number and Value • Non-Filing Subsidiaries • Bank Accounts Option 5 Debtor Affiliates • Affiliates – 11 U.S.C. § 101(2) Option 6 Option 7

  4. Venue Analysis Step 2: Determining the Venue that Maximizes Value Predictability Local Practice – Accessibility; Notice Procedures; Case Management Procedures Section 1146(c) Classification; Business Considerations DIP Financing – Rollovers; Cross-Collateralization Substantive Consolidation Payment of Pre-petition Creditors: Critical Vendors; Employees, Customers and Business Practices Third-Party Releases Venue Choice Lock-Up Agreements Indemnification of Financial Advisors NOLS and Claims Trading Disinterestedness and CROs Omnibus Claims Objections Formation of Multiple Committees Dischargeability of Environmental Claims Priority of Severance Claims Real Estate Leases – Taxes; DRAs; Percentage Rent Collective Bargaining Agreements – Standards for Rejection; Priority of Rejection Claims Non-Assignable Contracts Retiree Medical and Pension Plans Disputes: Core v. Non-Core • Practice/Procedure • Key First Day Matters • Professionals and Related Matters • Employee Issues • Contracts and Leases • Claims Issues • Plan Issues

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