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    Kindred Associations events


    For information about events not listed, please contact Caroline Taylor.
     
    International Conference of Insolvency and Credit Market

    International Conference of Insolvency and Credit Market

    Date
    23-11-2017 to 24-11-2017
    Location
    Colegio Notarial de Madrid

    "Sequels are never any good" seems to be the motto of the credit market and bankruptcy legislation in Europe. Few companies and individuals are able to overcome a situation of insolvency, or regain access to the credit market. This situation has only been aggravated by the financial crisis of 2008. The inability to rebuild makes investment difficult, prevents job creation, and exacerbates systemic risk. The 11.4% of European citizens have excessive indebtedness, with difficulties in paying for basic services.

    The EU has taken the initiative, with the proposed Directive on Preventive Restructuring Frameworks, Second Chance and measures to increase the effectiveness of the procedures for remission, insolvency and restructuring, published on 22 November 2016. However, any change directed to facilitate the debtor’s recovery generates its own risk in the form of a generalized increase in financing costs. This argument has served as a balm to calm the reformist momentum... until now.

    Is it possible to improve access to credit and recovery of debtors, without excessive price increases? Many experts seem to suggest so, using arguments similar the ones used in the insurance market: to avoid price increases and adverse selection, premiums must be adjusted to the specific risk, for which more information is needed. Credit reporting systems would prevent private over-indebtedness by encouraging responsible lending, as reflected in Directives 2008/48, consumer credit, and 2014/17 EU on credit for residential property, or Consumer Financial Services Action Plan, COM (2017) 139 final.

    The improvement of credit reporting systems would require controversial reforms, such as entities’ access to the financial information of individuals, including past payment behavior in the entity where the credit is requested, and in others. We are talking about the creation of positive solvency files.

    Although the advantages of these files are clear, their creation would pose complex problems of personal data protection, a matter regulated by the General Regulation on Data Protection 2016/679, and which usually causes a great deal of restlessness. The alternative would be to allow market forces such as the Fintech to operate in the hope that they would generate open-ended models of credit information. This would not be less complex, as it would raise the same questions about customer protection and financial stability that continue to assault post-2008 Financial Market Law.

    The complexity of the problem commands caution, but its urgency requires open and honest assessment, one that addresses the real problems and seeks solutions. This is the goal of this conference, which aims to create a first opportunity for debate and reflection, and gina clarity in the creation of a second opportunity for companies and citizens.
     

    “This conference’s goal is to reflect the new changes on natural persons’ insolvencies proposed by the European Union, and how they could impact in the functioning of the credit market so as to avoid, on the one hand, debtors’ who fail financial exclusion and, on the other, a generalized increase in the cost of credit for all applicants.”


    For more information visit: https://congresoinsolvenciaymercado.com//index-uk.html
    Private Equity Exchange & Awards 2017

    Private Equity Exchange & Awards 2017

    Date
    30-11-2017
    Location
    Paris, France

    The Private Equity Exchange & Awards is the largest Paneuropean event on Private Equity and Restructuring, gathering more than 1,200 high-profile participants. The summit is followed by an exquisite evening ceremony with 400 Private Equity leaders, rewarding the best performers of LBO Funds, Limited Partners and Management Teams.
     
    Discount rate of 20% “PEX2017PARTNER” to use during the registration online: http://www.private-equity-exchange.com/registration
    (Subject to approval by PEX)
    International Restructuring Symposium

    International Restructuring Symposium

    Date
    19-01-2018
    Location
    Paris, France

     

    Objectives

    1. Promote European integration, in particular the capital market and banking unions, while supporting the role of the Paris financial centre as global leader;
    2. Restore confidence of international investors;
    3. Promote research to improve the quality of law and regulation.

    Keynote speakers (TBC)

    •    Mr Bruno Le Maire, Minister of the Economy and Finance, France
    •    Ms Mihaela Carpus Carcea, European Commission, DG Justice
    •    Mr Lionel Corre, Head of CIRI

     

    Master of Ceremony

    • Mrs Sophie Vermeille, President of Droit & Croissance / Rules for Growth

     

    Panel discussions

    1. For an efficient bankruptcy law in the context of the Banking Union and the Capital Markets Union - discussions following the draft directive of the EU Commission.

     

    Speakers:

    • Mr Donald Bernstein, Partner at Davis Polk Wardell, New York Office
    • Mr Stephan Maudaus, Law professor, Martin-Luthier Unversity Halle-Wittenberg
    • Mr Nicolaes Tollenaar, Partner, RESOR N.V.
    • Mrs Sophie Vermeille, President of Droit & Croissance / Rules for Growth

     

    2. New challenges: valuations, priority rules and class distributions – are parties and Courts ready? An analysis in light of recent high profile cases.

     

    Speakers:

    • Mr Georges Richelme, President of the Commercial courts of France
    • Mr Luciano Panzani, President, Court of Appeal of Rome
    • Mr Justice Snowden, High Court Judge of England and Wales


    3. New challenges for bond workouts and loan to own strategies - how far are those still possible? An analysis in the light of recent high profile cases.

     

    Speakers: 

    • Mr Stephen Portsmouth, Managing director, Société générale
    • Mrs Sarah Patterson, Law professor, London School of Economics
    • Mr Pierre Bourre, Partner, Attestor Capital LP

     

    For more information and to register visit:

    https://www.eventbrite.fr/e/billets-international-restructuring-symposium-39639887972

    INSOL International Americas Conference 2018

    INSOL International Americas Conference 2018

    Date
    29-04-2018 to 01-05-2018
    Location
    Grand Hyatt Hotel, New York, USA

    Save the date for the INSOL International Americas Conference taking place for the first time in New York at the Grand Hyatt.  This will be a superb opportunity to meet colleagues from around the world in the vibrant city of New York. The Main Organising Committee and Educational Committee are starting to plan next year’s conference programme shortly. More information will be available in due course.