An Overview of the ABA Business Bankruptcy Committee

A highly respected New York bankruptcy attorney with more than three decades of experience, Norman Kinel serves as a partner at Squire Patton Boggs LLP. In his current duties, he deals extensively with restructuring and insolvency. He also has vast experience in bankruptcy asset sales, cross-border insolvency proceedings, and mergers and acquisitions. Norman Kinel serves on the American Bar Association Business Bankruptcy Committee.

The American Bar Association (ABA) acts as the national representative of the legal profession, promotes the best quality legal education, and enhances professionalism and ethics. The mission of the ABA Business Bankruptcy Committee is to act as the main resource for legal professionals who handle bankruptcy issues. The committee provides quality educational content in multiple formats and is involved in the formulation and review of proposed bankruptcy legislation.

Through the committee, young attorneys get a chance to work with experienced experts in order to build their legal credentials and reputation. The Business Bankruptcy Committee facilitates global connection of over 1,500 legal experts through meetings, discussion groups, and webinars about bankruptcy and insolvency. In addition, legal colleagues can collectively brainstorm to come up with ideas, solve challenges, and seek solutions on various issues affecting bankruptcy law.

TMA’s 2019 Annual Meeting in Cleveland

Turnaround Management Association pic

Turnaround Management Association
Image: turnaround.org

Seasoned bankruptcy lawyer Norman Kinel has earned numerous awards, including the 2018 Turnaround Atlas Award for Chapter 11 Restructuring of the Year ($500 million to $1 billion) for the Optima Specialty Steel chapter 11 case. Mr. Kinel led the representation of the official committee of unsecured creditors, and unsecured creditors in the case received a 100% recovery on their claims.

To keep abreast about the latest developments in the field of turnarounds, Norman Kinel maintains membership with the Turnaround Management Association (TMA). TMA is a professionally diverse organization whose close to 10,000 members worldwide include attorneys, turnaround practitioners, accountants, government employees, liquidators, and judiciary members in the renewal, corporate health, and corporate restructuring fields. It will be holding the 2019 TMA Annual on September 25-27 at the Hilton Downtown in Cleveland, Ohio. The affair coincides with the organization’s 31st anniversary and features golf at Canterbury Golf Club on the first day.

The opening program in the afternoon of September 25th will delve into the economy’s major trends and how these changes will affect restructuring opportunities. Topics for the educational breakout sessions include Multilateral Negotiation Strategies in Capital Restructuring and Ethically-Challenged Restructuring Cases. There is also on the schedule a networking breakfast and a networking lunch. The closing reception will be at the iconic Rock & Roll Hall of Fame. For more information, visit www://annual.turnaround.org/.

Turnaround Management Association

 

Turnaround Management Association  pic

Turnaround Management Association
Image: turnaround.org

An accomplished bankruptcy attorney in New York City, Norman Kinel brings more than three decades of experience to his corporate bankruptcy practice across a range of industries. In addition, Norman Kinel is a member of the Turnaround Management Association (TMA).

Founded in 1988, TMA emerged from regular meetings held by turnaround practitioners at the nonprofit Kenan Institute of Private Enterprise. Since its official incorporation, TMA has expanded into a global organization of turnaround professionals with more than 8,000 current members in over 50 countries.

TMA serves its members through continuing education opportunities, research publications, and networking and professional development events. Since 2013, TMA has also maintained a certification program.

Designed to provide additional distinction and objective standards of professional qualifications, the TMA certification program offers two separate credentials, the Certified Turnaround Professional (CTP) and the Certified Turnaround Analyst (CTA). The CTP credential is reserved for veteran turnaround practitioners, while the CTA designation is for emerging professionals working toward the CTP or non-practitioners who simply want to learn more about the field.

ABI Looks at Puerto Rico’s Economy

 

American Bankruptcy Institute. pic

American Bankruptcy Institute
Image: abi.org

Norman Kinel is a New York-based attorney who is a partner at Squire Patton Boggs (US) LLP, specializing in bankruptcy law. In addition to his work with clients, Normal Kinel is active in the restructuring field through membership in the American Bankruptcy Institute.

A recent podcast by the American Bankruptcy Institute examined the ongoing economic recovery of Puerto Rico in the wake of Hurricane Maria’s devastation. A panel of experts discussed how the influx of relief funds may be creating a false picture of the island’s economic conditions, as the true driver of its long-term growth is the development of a sound investment environment rather than a short-term infusion of cash.

Tax cuts aimed at helping businesses probably aren’t the answer, according to Professor Andrew Wolf of American University. Instead, he believes labor reform and a more significant investment in the tourism sector–typically a main economic driver in island nations–would be a better place to start, especially since Puerto Rico’s tourism industry currently only accounts for 6 percent of its total gross national product.