Marsal to Speak at Legal Seminar
At NOLHGA’s 21st Annual Legal Seminar, Bryan P. Marsal, co-founder of Alvarez & Marsal, will provide important insights regarding the resolution of a company that has received a SIFI (Systemically Important Financial Institution) designation under the Dodd-Frank Act.
Alvarez & Marsal is a professional services firm providing a comprehensive range of advisory services to its clients in various sectors of the marketplace, including the insurance industry. Marsal co-founded Alvarez & Marsal in 1983 and serves as its Co-Chief Executive Officer. Marsal has 30 years of experience in turnaround management services and served as chief restructuring officer for Lehman Brothers Holdings and chief restructuring manager of Arthur Andersen. He has also served as a director for numerous large corporations. Marsal holds an undergraduate degree and an M.B.A. from the University of Michigan.
NOLHGA’s 21st Annual Legal Seminar will be held on July 11–12, 2013, at the Ritz-Carlton Chicago (an MPC meeting is scheduled for July 10). The early bird discount of $45 off the $795 registration fee ends today. To take advantage of this offer, visit NOLHGA’s seminar registration page.
NOLHGA has secured a room rate for this meeting of $250/night plus tax at the Ritz-Carlton Chicago. Online registration and hotel reservations, as well as other meeting information, are available on the meeting Web page. Please contact Meg Melusen at [email protected] if you have any questions.
Staff Contact - Executive Life of New York (New York)ELNY Cost Estimates Posted on NOLHGA Site
With the May 2, 2013, rejection by the New York Court of Appeals of the motion for leave to appeal filed by 18 ELNY payees, progress is being made toward the closing of the ELNY Agreement of Restructuring, which is anticipated to take place in August. Participating guaranty associations received information on May 31 regarding the closing and guaranty association funding requirements. Companies should anticipate receiving assessment information from the guaranty associations in their states. The guaranty association funding estimate has been posted on the Insolvency Cost Files section of the NOLHGA Web site.
Task Force Chair - Jack Falkenbach; Staff Contact -