Finance And Accounting For Lawyers

Fully revised and updated for 2013

Finance And Accounting For Lawyers 5 – 18 April 2012• Hyatt Regency Hotel, Dubai, UAE

12 – 15 May 2013 Jumeirah Emirates Towers Hotel, Dubai, UAE

Top 5 Learning Benefits: 1. Enhance your financial knowledge and understanding to enable you to better and more productively interact with finance professionals and clients 2. Gain a thorough understanding of corporate finance theory and practice from a financial perspective 3. Discover how to identify and value a potential target acquisition and objectively analyse various valuation techniques 4. Understand the risks and advantages of leveraged finance 5. Learn the terminalogy of finance and accounting to understand the concepts and to better document them

www.iirme.com/financeforlawyers

Organised by:

Strategic Career Partner:

Follow us on: www.twitter.com/iirmiddleeast www.facebook.com/iirmiddleeast www.youtube.com/iirmiddleeast

Finance And Accounting For Lawyers 12 – 15 May 2013 • Jumeirah Emirates Towers Hotel, Dubai, UAE Course Timings Registration will be at 07:30 on Day One. The course will commence at 08:00 and conclude at 14:30.

There will be refreshment breaks at approximately 10:30 and 12:30 and lunch will be served at the end of each day’s session

Day Two

Course Overview The goal of the course is to provide financial and accounting language to legal practitioners who would

Risk Adjustment

in turn be able to understand, communicate, structure,

• Measuring of risk

and document a variety of transactions and concepts.

-

Absolute risk (Sigma)

The materials encompass a range of financial topics

-

Relative risk (Beta)

and try to intermix the legal concepts or concerns

• Capital Asset Pricing Model (CAPM)

that may be related to the topics. The lectures will be interactive and there is a general aim to employ one financial case for the class to read, comment, and work on.

Modern Portfolio Theory • Prudent investor • Mutual fund types and definitions

Course Outline

Corporate Finance Three Fundamental Topics • Dividends

Day One

• Capital structure/ Weighted Average Cost of Capital (WACC)

Fundamentals Of Financial Accounting

• Capital investments

• Conventions of conservatism, objectivity, and matching

-

Payback

• Concepts of goodwill, purchase or pooling

-

Accounting rate of return

• Financial statement analysis

-

Net Present Value (NPV)

-

Adjusted Present Value

Interest Rates

-

Equity cash flows

• Nominal and real rates of interest

-

Internal Rate of Return (IRR)

• Term structure of interest rates

-

Option approach/value of flexibilities (delay,

• Truth in lending and effective interest rates

expand, abandon)

Fundamentals Of Finance

Case Assignment: Marriott And Cost Of Capital

• Comparing time horizons

• How to determine the cost of capital for three separate

• Comparing risk

divisions of Marriott?

Time Adjustment

-

Role of pure play comparable companies

-

What to do if there are no comparable pure plays?

• Present and future values

Day Three

• Annuities and perpetuities • Bonds and stock valuation • Certain applications

Option Structures

-

Retirement or pension planning

• Definitions of calls, puts, etc.

-

Cost Benefit Analysis (CBA)

• Basic valuation of options

-

Valuation of life/medical claims

• Black-scholes option valuation formula • Options as strategies

Case Assignment: Super Project

• Application of options in corporate finance

• Which costs are relevant and assignable to a product?

+971 4 335 2437

+971 4 335 2438

register@iirme.com

www.iirme.com/financeforlawyers

Valuation Methods

Meet Your Expert Course Director

• Intrinsic valuation • Multiples

Kamyar Jabbari, MBA, JD

• Option valuation

Kamyar Jabbari is a financial

Profits, Economic Rents, And The Law

representative and specialises in

• Profits under UCC

life, disability, and annuities. He also

• Remedies • Reliance versus expectancy damages

teaches courses in corporate and

• Tariff regulations

international finance and strategy, and practices in estate and trust, and personal

• Regulatory determined cost of equity -

Methods of determination (CAPM, Gordon’s Model,

bankruptcy areas.

Bond Yield Plus a premium) Kamyar Jabbari has been a clinical professor of Case Assignment: Netscape – Going Public

finance at the Illinois Institute of Technology’s Stuart

• Stages and sources of startup capital

School of Business in Chicago, and a consultant in

• The legal requirements

project finance, corporate finance, and valuation

• The underwriting approaches and trade off: -

Best efforts

-

Fully underwritten

-

Other approaches

assignments. In addition to his academic position, Mr. Jabbari has conducted a number of professional education courses in corporate and project finance and commercialization of intellectual property in variety of forums in the US and across the globe.

Case Assignment: MCI – 1983

Prior to teaching, Mr. Jabbari was a Vice President

• How MCI was created, and financed

and head of project finance practice First Chicago

• Differences and similarities with other IPOs

Corporation (now part of JP Morgan Chase), with most

Day Four

of his career concentrated in project finance, utility finance, and international banking, during which he

Special Finance Topics

acted as agent, arranger, and financial advisor on

• Leveraged Buy Outs (LBOs) and fraudulent conveyance

many large scale financings.

• Project finance • Mergers and acquisition (role of boards and valuation of the offers)

Kamyar Jabbari holds a Bachelor of Science degree from Towson University in Maryland, an MBA from the

• Venture capital/private equity

University of Chicago, and a JD (law degree) from

• Leasing

Chicago-Kent School of Law. He is licensed to and

• Asset securitisation

does practice law in the State of Illinois.

• Bankruptcy • Dispute resolution

Who Should Attend?

This course has been specially designed for corporate

Would you like to run this course in-house?

in-house lawyers, solicitors and partners from law firms and legal practices as well as professionals with the following titles: Lawyers, Senior Lawyers, Solicitors, Senior Solicitors, Attorneys, Legal Counsels and Counsellors, Advocates, Arbitrators, Notaries, Legal Advisors, Consultants and

The in-house training division of IIR Middle East

Partners in fields including: mergers and acquisitions,

Tel: +971 4 407 2624 • Email: CTS@iirme.com www.iirme.com/cts

+971 4 335 2437

+971 4 335 2438

commercial law, real estate and construction law, employment law and tax law as well as tax advisors

register@iirme.com

www.iirme.com/financeforlawyers

Finance And Accounting For Lawyers 12 – 15 May 2013 • Jumeirah Emirates Towers Hotel, Dubai, UAE FIVE WAYS TO REGISTER IIR Holdings Ltd. P.O Box 21743 Dubai, UAE

+971 4 335 2437 +971 4 335 2438 register@iirme.com

www.iirme.com/financeforlawyers

DISCOUNTS AVAILABLE FOR 2 OR MORE PEOPLE CALL – +971 4 335 2483 E-MAIL – a.watts@iirme.com WEB BC5073 Event

Course Fee Before 24 February 2013

Course Fee Before 17 March 2013

Final Fee

US$ 3,895

US$ 4,395

US$ 4,695

Finance And Accounting For Lawyers 12 – 15 May 2013

WOULD YOU LIKE TO RUN THIS COURSE INͳHOUSE?

Course fees include documentation, luncheon and refreshments. Delegates who attend all sessions will receive a Certificate of Attendance.

DELEGATE DETAILS

Job Title: ......................................................................................................... Email: .....................................................................................

All registrations are subject to our terms and conditions which are available at www.iirme.com/terms. Please read them as they include important information. By submitting your registration you agree to be bound by the terms and conditions in full.

Tel: ..................................................... Fax: .................................................... Mobile: ..................................................................................

Name: ..............................................................................................................................................................................................................

Job Title: ......................................................................................................... Email: .....................................................................................

Tel: ..................................................... Fax: .................................................... Mobile: ..................................................................................

Name: ..............................................................................................................................................................................................................

Job Title: ......................................................................................................... Email: .....................................................................................

Tel: ..................................................... Fax: .................................................... Mobile: ..................................................................................

Name: ..............................................................................................................................................................................................................

Job Title: ......................................................................................................... Email: .....................................................................................

Tel: ..................................................... Fax: .................................................... Mobile: ..................................................................................

COMPANY DETAILS Company: ............................................................................................................................................................................................................

Address: ................................................................................................................................................................................................................

Postcode: ................................................................................. Country: ...........................................................................................................

Tel: .............................................................................................. Fax: .................................................................................................................

No. of employees on your site: .

1000+ 500-999 250-499

50-249

0-49

Nature of your company's business: ..........................................

YES, I would like to receive information about future events & services via e-mail .................................................................

To assist us with future correspondence, please supply the following details: Name of the Department Head: .....................................................................................................................................................................

Department: ........................................................... Mobile: .......................................... Email: .......................................................................

Training Manager: .............................................................................................................................................................................................

Department: ........................................................... Mobile: .......................................... Email: ......................................................................

Booking Contact: ..............................................................................................................................................................................................

Department: ........................................................... Mobile: .......................................... Email: ......................................................................

Payments A confirmation letter and invoice will be sent upon receipt of your registration. Please note that full payment must be received prior to the event. Only those delegates whose fees have been paid in full will be admitted to the event. You can pay by company cheques or bankers draft in Dirhams or US$. Please note that all US$ cheques and drafts should be drawn on a New York bank and an extra amount of US$ 6 per payment should be added to cover bank clearing charges. In any event payment must be received not later than 48 hours before the Event. Entry to the Event may be refused if payment in full is not received.

Credit card payment If you would like to pay by credit card, please tick here and a member of our team will contact you to take the details

Cancellation If you are unable to attend, a substitute delegate will be welcome in your place. Registrations cancelled more than 7 days before the Event are subject to a $200 administration charge.

Registration fees for registrations cancelled 7 days or less before the Event must be paid in full. Substitutions are welcome at any time.

Avoid Visa Delays - Book Now Delegates requiring visas should contact the hotel they wish to stay at directly, as soon as possible.

Visas for non-GCC nationals may take several weeks to process.

All registrations are subject to acceptance by IIR which will be confirmed to you in writing.

Due to unforeseen circumstances, the programme may change and IIR reserves the right to alter the venue and/or speakers.

Event Venue: Jumeirah Emirates Towers Hotel, Dubai, UAE Tel: +971 4 330 0000 Accommodation Details We highly recommend you secure your room reservation at the earliest to avoid last minute inconvenience. You can contact the IIR Hospitality Desk for assistance on: Tel: +971 4 407 2693 Fax: +971 4 407 2517 Email: hospitality@iirme.com © Copyright I.I.R. HOLDINGS B.V.

SN/ST

LW LAW

LR

Name: ..............................................................................................................................................................................................................