John Loughnane Presents at ABA Business Law Section’s Business Bankruptcy Committee Annual Fall Meeting in Conjunction with the National Conference of Bankruptcy Judges 90th Annual ConferencePrint PDF
John G. Loughnane, a partner in Nutter’s Business Department and a member of the firm’s Workout, Restructuring and Bankruptcy practice group, will present at American Bar Association (ABA) Business Law Section’s 2016 Business Bankruptcy Committee Fall Meeting in conjunction with the National Conference of Bankruptcy Judges (NCBJ) national conference on October 28 in San Francisco. John will serve as a panelist on the “Secured Creditor Luncheon and CLE Program: Unique Issues That Arise In Taking A Security Interest in Intellectual Property.” The panel will focus on how IP can act as collateral to be pledged to secure an extension of credit and the issues that can arise regarding perfecting a security interest in different types of IP, including copyrights, trademarks, and patents. The panel will address several issues, including how lenders who seek IP licenses as collateral for their loans also must be acutely aware of the implications of a bankruptcy filing, particularly the leverage licensors may hold over a licensee’s ability to transfer IP assets freely in a bankruptcy proceeding, and most importantly, the licensor–depending upon in which jurisdiction the bankruptcy is filed–may have the right to prevent either the assumption or the assignment of the license to a third-party, or both.
The NCBJ is an association of the Bankruptcy Judges of the United States which has several purposes: to provide continuing legal education to judges, lawyers and other involved professionals, to promote cooperation among the Bankruptcy Judges, to secure a greater degree of quality and uniformity in the administration of the Bankruptcy system and to improve the practice of law in the Bankruptcy Courts of the United States. The NCBJ annual conference brings together 1,500+ professionals, including over 175 bankruptcy judges from around the U.S. The NCBJ partners with the ABA to provide additional educational programming.