Following the two successful seminars we held on these topics last July, our National Security, Government Contracts & Regulatory Compliance and Bankruptcy & Restructuring Departments recently hosted two client events concerning “Credit Issues Facing the Defense Contracting Sector in a Period of Fiscal Uncertainty” that featured guest speakers from the Department of Defense. A breakfast event was held on April 8 in Washington, DC, while an afternoon event with cocktail reception was held on April 9 in New York. Both seminars were co-hosted with Loughlin Management Partners + Company and featured two panels discussing important factors to consider when faced with a turnaround situation involving a defense/government contractor, key criteria for successfully turning around and restructuring a defense/government contractor in an environment of significant budget cuts and reduced demand for services, and other related topics.
Kaye Scholer Partners Farhad Jalinous and Ronald Henry served on the first panel at both events alongside Loughlin representatives, Aaron Kibbey and Marty Young. Partner Michael Messersmith joined them for the Washington, DC event, moderated by John Hillen of private equity firm LLR Partners, while Partner Mark Liscio participated in the seminar in New York, moderated by Admiral William O. Studeman, USN (Ret). The second panel at both events featured two representatives from the US Department of Defense: Elana Broitman, Deputy Assistant Secretary of Defense Manufacturing and Industrial Base Policy, and Ben Richardson, Chief of the Foreign Ownership, Control or Influence Operations division of the Defense Security Service. The seminars were attended by guests from the government, banks, consulting groups, aerospace and defense companies, and investment management groups.
April 8, 2014 to April 9, 2014