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Dear Greg,<br>
<br>
thanks for this info. Glad to see the component parts would still
exist. I'd venture to say that whether Chapter 7 or Chapter 11
bankruptcy is invoked, it's probably better that IANA issues an RFP
as it would signify that ICANN is in real trouble.<br>
Kindest regards,<br>
<br>
Olivier<br>
<br>
<div class="moz-cite-prefix">On 18/04/2015 01:12, Greg Shatan wrote:<br>
</div>
<blockquote
cite="mid:CA+aOHUQpZEmxESWty=eXGv7Fii0kbXsGTOqGJf368e_wgSnT2g@mail.gmail.com"
type="cite">
<div dir="ltr">
<div class="gmail_default"
style="font-family:verdana,sans-serif">Olivier,</div>
<div class="gmail_default"
style="font-family:verdana,sans-serif"><br>
</div>
<div class="gmail_default"
style="font-family:verdana,sans-serif">Here is my
understanding:</div>
<div class="gmail_default"
style="font-family:verdana,sans-serif"><br>
</div>
<div class="gmail_default"
style="font-family:verdana,sans-serif">Bankruptcy (by which I
mean filing for bankruptcy in Bankruptcy Court) itself would
not affect the existence of the SO/ACs and CCWG, which
currently don't legally exist as separate entities anyway.
One of the potential end results of a bankruptcy is a
dissolution of an entity, with a winding down of the business,
sale of assets and payments to creditors (by order of
priority, and often at "pennies on the dollar"). That is the
worst case scenario of bankruptcy. A dissolution could result
in the end of ICANN as we know it. </div>
<div class="gmail_default"
style="font-family:verdana,sans-serif"><br>
</div>
<div class="gmail_default"
style="font-family:verdana,sans-serif">The better case in
bankruptcy is a restructuring or reorganization of the
bankrupt entity, allowing it to resolve its debts, restructure
or eliminate obligations, and then emerge from bankruptcy as a
"slimmed-down" healthier entity. It's up to board and
management of a failing or "flailing" company to declare
bankruptcy when the company is still healthy enough to file
for a restructuring, rather than a dissolution.</div>
<div class="gmail_default"
style="font-family:verdana,sans-serif"><br>
</div>
<div class="gmail_default"
style="font-family:verdana,sans-serif">If the SO/ACs became
unincorporated associations, the bankruptcy of ICANN would
have no effect on the existence of the SO/ACs (which would
then be legal persons).</div>
<div class="gmail_default"
style="font-family:verdana,sans-serif"><br>
</div>
<div class="gmail_default"
style="font-family:verdana,sans-serif">This is my
understanding of the general rules as they relate to business
entities. The rules of bankruptcy could be significantly
different for non-profits, but probably would not change the
direct answer to your question.</div>
<div class="gmail_default"
style="font-family:verdana,sans-serif"><br>
</div>
<div class="gmail_default"
style="font-family:verdana,sans-serif"><br>
</div>
<div class="gmail_default"
style="font-family:verdana,sans-serif">Greg Shatan</div>
<div class="gmail_default"
style="font-family:verdana,sans-serif"><br>
</div>
<div class="gmail_default"
style="font-family:verdana,sans-serif">Caveat: I am not a
bankruptcy lawyer and this is not legal advice.</div>
</div>
<div class="gmail_extra"><br>
<div class="gmail_quote">On Fri, Apr 17, 2015 at 6:27 PM,
Olivier MJ Crepin-Leblond <span dir="ltr"><<a
moz-do-not-send="true" href="mailto:ocl@gih.com"
target="_blank">ocl@gih.com</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="margin:0 0 0
.8ex;border-left:1px #ccc solid;padding-left:1ex">
<div bgcolor="#FFFFFF" text="#000000"> Dear Avri,<br>
<br>
the document does not include the case of ICANN bankruptcy
which I mentioned on the conference call.<br>
Should it be included? Furthermore, in the unlikely event
of ICANN bankruptcy would ACs, SOs and a CCWG actually
still legally "exist"?<br>
Kindest regards,<br>
<br>
Olivier
<div>
<div class="h5"><br>
<br>
<div>On 17/04/2015 12:38, Avri Doria wrote:<br>
</div>
<blockquote type="cite"> hi,<br>
<br>
the correct drive link.<br>
<br>
<a moz-do-not-send="true"
href="https://docs.google.com/document/d/1WvBqtgXJ7rNrbN-5Tjf5-gi80aZ2oRYDtF_JLrETRqg/edit?usp=sharing"
target="_blank">https://docs.google.com/document/d/1WvBqtgXJ7rNrbN-5Tjf5-gi80aZ2oRYDtF_JLrETRqg/edit?usp=sharing</a><br>
<br>
avri<br>
<br>
<div>On 16-Apr-15 22:39, Avri Doria wrote:<br>
</div>
<blockquote type="cite"> Hi,<br>
<br>
A first draft of a possible separation mechanism
is available<br>
<a moz-do-not-send="true"
href="https://docs.google.com/document/d/1pjRsvePXLHrK0zzFmMcavzvSXehds5FTCEUPPcc7K6w/edit?usp=sharing"
target="_blank"><https://docs.google.com/document/d/1pjRsvePXLHrK0zzFmMcavzvSXehds5FTCEUPPcc7K6w/edit?usp=sharing></a><br>
<br>
The drive document remains open for suggested
edits and comments.<br>
<br>
For convenience, have attached a word and pdf
version <br>
<br>
<br>
avri<br>
<br>
<br>
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<pre class="moz-signature" cols="72">--
Olivier MJ Crépin-Leblond, PhD
<a class="moz-txt-link-freetext" href="http://www.gih.com/ocl.html">http://www.gih.com/ocl.html</a>
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