The National Association of Federal
Equity Receivers (NAFER) held its Third Annual Conference in Washington
D.C. in October 2014. The conference was very well attended by receivers,
the professionals who work with them, regulators, and judges. The
educational content at the conference delivered practical guidance on the
administration of complex federal equity receiverships, and the networking
events throughout the conference provided excellent opportunities to meet
receivers and regulators from across the country.
The programs kicked off with a
“Regulators Panel” sharing an insider’s look from different regulatory
agencies about their expectations of the receivers they appoint. A panel
on “Receiver Reporting, Disclosure and Tough Operational Issues” walked
through the practical issues of running a receivership estate, addressing
both administrative and operational issues and how to dispose of difficult
assets. “Forensic Accounting Support for the Receiver” panelists discussed
important issues arising in fraudulent transfer litigation, including the
best use of expert reports. The panel entitled “Electronically Stored
Information: Making and Breaking the Federal Equity Receivership” covered
issues receivers face in obtaining and preserving ESI. The second day of
the conference started with an all “Judges Panel,” which was both
informative and entertaining as the judges shared their views on a variety
of issues they encounter in receivership cases. The conference concluded
with a “Case Law Updates” panel discussing the many significant legal
decisions from the past year that impact the administration of federal
equity receivership estates and the litigation that these cases tend to
spawn.
*Kathy Bazoian Phelps is a partner at Diamond McCarthy, LLP, Los
Angeles, and the co-author of The Ponzi Book: A Legal Resource for
Unraveling Ponzi Schemes. She frequently represents receivers and
trustees. |