Past events

Dealing with the crisis is often complex for entrepreneurs. Many of them show an attitude of rejection towards this eventuality and struggle to admit their difficulties until they become such that they can no longer be hidden. The fear of failure and bankruptcy can paralise decisions and makes it difficult for Directors to walk towards turnaround paths. This is the main reason why, trying to manage the negative psychological connotation linked to crisis wording, the Italian Insolvency Code has essentially prohibited the use of the word failure itself and has replaced it by the expression judicial liquidation. Failure recalls the idea of a personal in-success. The introduction of early warning introduces the idea that the crisis should not be stigmatized, as it represents a  possible phase in the life of the company.

More in particular, crises are generally preceded by phases of decline which, if promptly diagnosed and addressed, allow the degenerative process to be stopped and trigger a turnaround. Crises often occur not because they are inevitable, but because companies are unable to understand the warning signs, are unable to identify risks and are consequently unable to monitor threats to prevent them and limit their harmful effects.
In Europe different ways to reach the goal to deal with crisis at an early stage have been implemented. Starting with the Italian one, we will try to consider the different European approaches to the issue.

Concluding remarks will be made by INSOL Europe President, Giorgio Corno.
Download the programme for further details.

If you are interested in attending, please send an email to Patricia Riva at: patrizia.riva@uniupo.it for further information.

ARE (the Association pour le Retournement des Entreprises, the leading French turnaround association gathering over 300 members) and the Centre des Affaires et Gestion (CEDAG) are organizing a joint conference on the subject of “Cross-views on the EU’s various newly introduced restructuring plan regimes” covering four countries: Germany, the Netherlands, Spain and France.

The conference aims to bring together lawyers, insolvency practitioners, restructuring and turnaround advisers, bankers, investors, judges and professors. INSOL Europe President, Giorgio Corno, will be one of the speakers.



For further information please download conference programme in English / French.
You can register here.

INSOL Europe Local Conference: New Luxembourg Law of 7 August 2023 Preservation of companies and modernization of bankruptcy law and implementing EU directive 2019/1023

Tuesday 5th December 2023 @ EY Luxembourg

Download the program for further information.

To register email Christel Dumont, christel.dumont@dentons.com

Crisis, Entrepreneurs, and Responsibility: The Crisis Code Amidst Old and New Challenges

24-25 November 2023, Auditorium Ferrero
Via Pietro Ferrero, 19 - Alba (CN)
Conference to be held in person and via live streaming

Full details in the accompanying brochure.
 

UNPIR Regional Conference - 360 Around Distress
17-18 November 2023, Grand Hotel Italia, Cluj-Napoca
The event will be broadcast live on juridice.ro

INSOL Europe President, Giorgio Corno, will be the keynote speaker at this conference on Saturday, appearing by video link, to speak on the topic of 'Distress treatment in Italy'.
Download the full programme here and register here.

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We have the lowest number of insolvency cases in the last 10 years - and apparently that's good news. But, over the same time interval, we also have, according to studies, the highest number of companies in distress or even in undeclared insolvency. There’s constant talk that undeclared insolvencies are even more dangerous to the economy, and even to the entrepreneur, than the declared ones.

Why do entrepreneurs not call on a specialist to deal with the distress, and what does dealing with distress mean?

We invite you to find the answers to these questions, from the best specialists in the field: restructuration experts, financial analysts, lawyers, magistrates, psychologists, or crisis communication consultants.

What will we be discussing?
• Why are there so many unhealthy “healthy” companies?
• What are the blockages that stop entrepreneurs from using remedies for periods of distress?
• What is going on in the mind of an entrepreneur in distress?
• How do we communicate internally and externally in distress situations?
• How can we finance a company in distress?
• Case and test studies.
• Special legal elements in insolvency and insolvency prevention procedures.