Need Help? Call us at (281) 541-2807 Visit our Facebook Page Follow us on Twitter Subscribe to our RSS Feeds


Find Similar Training Find Similar Training
Email This Training's Information Email This Page
Save this Training To My Watchlist Add To Watchlist
Print This Training Information Printer Friendly Page

Strategies to Employ in Workouts, Litigation and Bankruptcy with Distressed Suppliers Webinar

presented by Lorman Education Services
View the Lorman Education Services

Summary

Strategies to Employ in Workouts, Litigation and Bankruptcy with Distressed Suppliers

Workshop Description/Agenda

Benefits
Learn legal strategies and best practices available for use when working with financiallytroubled suppliers. The economic ripple effects of COVID19 have caused an increase in financial distress for many companies. When we think of financial distress, our first thought is often about customer defaults. But your suppliers financial problems can quickly become your own, creating supply chain disruptions and saddling your business with additional costs. This topic offers proactive steps for determining if you have suppliers in distress and explains legal strategies and best practices available for use when working with financiallytroubled suppliers. This material will also discuss how to prepare for the potential bankruptcy of a supplier and your potential options and rights in the case that a supplier seeks bankruptcy protection.

Agenda
Risks Presented by Distressed Suppliers
ï Barriers to Resourcing
ï Costs of Resourcing
ï Special Issues for Certain Industries

Supplier Review
ï Determine Key Suppliers
ï Steps to Review Suppliers
ï Difficulties in Obtaining Financials
ï Credit Reporting
ï Quality and Warranty Programs
ï Access to Facilities and Inspection Rights
ï Other Information Sources and Red Flags

Contractual Terms and Conditions
ï Contract Requirements
ï Ability to Transition and Time Requirements
ï IP, Tooling and Equipment Issues

Adequate Assurance for Critical Supplier
ï UCC 2-609
ï Potential Issues and Drawbacks in Demand for Adequate Assurance

Modifying Contractual Terms
ï Timing
ï Leverage

Other Pre-Bankruptcy Strategies
ï Parts Bank
ï Re-Sourcing
ï Financial Support With Access and Accommodation Arrangement

Strategies During Supplier Bankruptcy
ï Understanding the Automatic Stay
ï Monitoring Supplier's Bankruptcy
ï Supplier Rights to Assume or Reject Contracts
ï Actions That Do Not Violate the Automatic Stay
ï Bankruptcy Court Assistance

Faculty
Jonathan E. Lauderbach with Warner Norcross + Judd LLP

Credits
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,ISM ,CPE ,Additional credit may be available upon request.

Who Should Attend

This live audio conference is designed for attorneys, purchasing managers, material managers, contract administrators, senior buyers, project directors, controllers and accountants.

Additional Information

Training Provider: Lorman Education Services

Course Topics: Purchasing / Procurement Training > Contracts/Negotiations

Training Course Summary: Strategies to Employ in Workouts, Litigation and Bankruptcy with Distressed Suppliers

Live Webinar Date/Time