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Turnaround Wing Mission Statement


Our members are turnaround professionals across Europe and beyond and we aim to: 

Provide a forum for turnaround professionals in which they can meet, develop cross-border support and contacts, cooperate and communicate in both formal insolvencies and informal restructurings.

Act as a link between INSOL Europe practitioner members and the European turnaround community, with a view to encouraging more turnaround professionals to share ideas and participate in our activities.

Be the leading forum for disseminating 'best practice', technical updates and shared experiences amongst turnaround professionals on formal insolvencies and informal restructurings.

Promote greater understanding and insight on key issues of relevance to turnaround professionals across Europe, including commercial practice, different approaches and optimized value

Monitor and provide a forum for discussion and know how on "Hot Topics" of relevance to the cross-border turnaround community.

Facilitate meetings and communication with the European Commission, regulators, national organisations on topics of importance to the turnaround community.

Create a real network for the European Turnaround Professionals, when they need each other's help, when they seek to cooperate on a case or when they need an answer to an issue.

Dr. Steffen Koch
Co-Chair Turnaround Wing
Latest News

UK video game retailer GAME enters administration in April 2026

UK video game retailer GAME entered administration in April 2026, owing almost £16m. The debt comprised £3.35m owed to secured creditors and £12m to unsecured creditors. Administrators linked the company’s…

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German wind and solar project developer Sowitec files for insolvency

German wind and solar project developer Sowitec has filed for insolvency after expected customer payments from South America failed to arrive on schedule. The proceedings affect the group’s holding…

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Duro Felguera announces court approval of its restructuring plan

Spanish engineering group Duro Felguera has secured court approval for its restructuring plan, marking a significant milestone in its efforts to restore financial stability. The Commercial Court in Gijón…

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Himolla looks to restructure through protective insolvency process

German furniture manufacturer Himolla Polstermöbel GmbH has entered ‘protective shield proceedings’, a court-supervised restructuring process designed to allow the company to reorganise while continuing…

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