The New York City Bar has scheduled a program titled Guarantees, Surety Bonds and Letters of Credit in Bankruptcy: Traps for the Unwary to be held on Tuesday, November 18 from 6 to 8 p.m. at 42 West 44th Street, NYC.
The program will be presented by Stephen M. Hryniewicz and Steven Wilamowsky, Bingham McCutchen LLP and Mark N. Parry, Moses & Singer LLP.
They will cover the rights and obligations of parties to guarantees, surety bonds and letters of credit when the principal obligor becomes the subject of bankruptcy proceedings. The discussion will encompass issues such as the impact of the automatic stay on the rights of beneficiaries and obligees to pursue claims against guarantors, sureties and letter of credit issuers; the affect of recoveries from third parties on the remaining claim against the debtor; the potential for avoidable transfer liability associated with indirect preferences; and the competing rights of parties to excess proceeds of guarantees, surety bonds and letters of credit.
For details on registration fees and available CLE credits, see CLE Events on The Metropolitan Corporate Counsel website at www.metrocorpcounsel.com.
To register contact (212) 382-6662 or www.nycbar.org.