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INSOL Europe news and offers
Summer 2020: Association News & Updates

Dear Members

I hope that all of you have had a wonderful holiday and returned to work with your batteries fully charged. Some of you may have enjoyed a "staycation" in your home countries and discovered more of the wonders they have to offer. Personally, I have thoroughly enjoyed staying at a lovely hotel in my own hometown, Copenhagen.

Looking ahead, we have some busy months.

I am excited to present to you our Annual Conference – for the first time online! Please read further down and save the October dates in your diary. We are indeed moving Towards a New World!

I am also excited to share with you that INSOL Europe, with invaluable support from our Country Coordinators, is contributing to two projects headed by the European Bank for Reconstruction & Development (EBRD)
•    A revised version of the EBRD core insolvency principles 
•    An assessment on the state of business reorganisation

The IOH Forum and Turnaround Wing have joined forces in an interesting project on the role of the restructuring professional and the implementation in national legislation of Art. 5. of the Directive on preventive restructuring etc. A huge thank you to our Country Coordinators for contributing to this project as well.

And to our German and Portuguese members: Please remember to vote for your preferred candidate to the reserved seats on Council before 10th September!

Stay safe!

Piya Mukherjee
President of INSOL Europe



Piya Mukherjee
President of
INSOL Europe


This issue is kindly sponsored by:


DLA Piper is a global law
firm with lawyers located
in more than 40 countries throughout the world.

Towards a New World: Annual Congress goes online for 2020

Our iconic annual event will be online this year. It will consist of a series of four sessions which will take place throughout October under the heading 'Towards a New World'. Sessions will feature a keynote speaker and two live panels with a hand-picked selection of international experts speaking on a range of highly relevant and important topics.

Registration will be free for members or €100+VAT per weekly session for non-members.
A discount of 25% will be given to non-members booking onto all 4 sessions.

Further information
More details will be posted on our website when available. If you have any queries, please contact Event Manager, Harriet Taylor. In the meantime, keep your diary free for these special events!

Academic Forum Conference 2020: Exclusively online!

This year the Academic Forum's Annual Conference will be held on-line with a selection of highly relevant topics, facilitated by Tomas Richter, Chair of the Academic Forum.

A fee of €50+VAT will be charged for non-member participants who are not full-time academics.

Further information
More details will be posted on our website when available. If you have any queries, please contact Event Manager, Harriet Taylor. In the meantime, please do save the date!

Working Groups' Annual Meetings - register your place

INSOL Europe has many working groups and committees covering a wide aspect of the work that we undertake, such as the Anti-Fraud ForumEastern European Countries' CommitteeFinanciers GroupInsolvency Tech & Digital Assets WingIOH ForumJudicial WingTurnaround WingYANIL, and Young Members Group.

These groups are formed by individuals across our membership who work together on current projects, often meeting at one of our many events throughout the year.

As it will not be possible to meet in person this year, many of our Working Groups will be holding their annual meetings online via Zoom throughout September. 


Details of how to register for the meetings will be sent early September. Please contact Event Manager, Harriet Taylor for further information.

Richard Turton Award Winner 2020 - Carla Cervantes, Peru

The Award Panel is pleased to announce that the 2020 winner is Carla Cervantes from Peru. Carla is currently working as a legal assistant at Estudio Martinot Abogados. It was a difficult decision, particularly as this year a record number of applications was received.

The panel adjudicating this year’s applications was made up of: Robert van Galen, INSOL Europe; Neil Cooper, INSOL International; Christina Fitzgerald, R3 and Maurice Moses, IPA.


This year’s winner, Carla Cervantes, will be writing a paper on “Necessary reforms: Adaptation of insolvency regimes in Latin America due to the crisis”, which will be published in summary in one or more of the Member Associations' journals and in full on their websites.
As part of the award, Ms Cervantes will be invited to do a short presentation during the INSOL Europe webinar on 2 October 2020, and attend in person the INSOL Europe Congress in Dublin, Ireland in October 2021.

We would like to congratulate Carla on her excellent application, and also thank all the candidates who applied for the award this year and wish them a successful career in their chosen field.

Click here for further information about the award and a list of previous winners.

Special Offers for Members of INSOL Europe

We have arranged many special offers for our members, including exclusive discounts on publications and events as well as special rates for advertising in Eurofenix, our quarterly journal. These are often time limited and updated regularly on the Members Offers section of the website.

Offers are changed regularly and currently include:

  • 20% discount off selected titles from Oxford University Press
  • 10% discount off an individual subscription to Global Restructuring Review
  • A discounted 'Pro' profile on SpeakerHub
Read more


INSIDE Story: Light Touch Administrations in the UK

The economic impact of COVID-19 outbreak has triggered calls for emergency fiscal and legislative measures to address liquidity and legal problems. Some of the measures directly aimed to companies in distress make it harder for creditors to wind-up companies. However, in the wake of governmental intervention, the industry came up with ingenuous solutions to avoid the demise of distressed yet viable businesses. One of these solutions is restructuring or “light touch” administration (‘LTA’). 

Eugenio Vaccari, Lecturer, University of Essex, UK, investigates if the rise of LTAs is a welcome addition to the rescue toolkit of English practitioners or a mischievous phoenix for the English insolvency framework, and speculate on the impact of the announced regulatory reforms for the future of LTAs. Read the full story and other articles here.

If you would like the opportunity to have your Inside Story published in a future edition, please email Communications Manager, Paul Newson for details.

COVID Coffee Breaks - May-July highlights

We have taken a break from our 'COVID Coffee Breaks' over the Summer but will be returning in the Autumn with further updates from our Country Coordinators, and also from our Working Groups, with news about their activities in the coming months.

Meanwhile, we have produced a highlights reel showcasing all the Country Coordinators (and more) who have featuring in the last 10 episodes!

Watch the videos here

The COVID Coffee Breaks are free for all to view, so please do share the coming invitations with your colleagues and friends. Take a break, have a coffee and enjoy the COVID Coffee Break!

The COVID Coffee Breaks are brought to you in partnership with LexisNexis with whom INSOL Europe is honoured to collaborate on the COVID-19 tracker of insolvency reforms globally.

Council Elections 2020 - Voting deadline 10th September

Countries with 30 or more members are entitled to a reserved seat on Council and in October this year, vacancies will arise for Germany and Portugal.

Members from these countries have received an email requesting nominations for candidates from their country and the voting is open until 10th September. 

For further information about the role of Council Members and our election process, please visit our website here.

If you have not yet received email notification of the election process, please contact Membership Manager Hannah Denney.

COVID-19 Tracker of Insolvency Reforms - Update

The tracker of global insolvency reforms produced by Lexis Nexis in partnership with INSOL Europe continues to expand and is available on our website.

We look at various countries which are expediting reforms to their restructuring and insolvency laws, temporarily suspending onerous insolvency law provisions, increasing limits for statutory demands, suspending enforcement powers and introducing other measures to deal with the COVID-19 crisis. 

As the situation is rapidly evolving with more countries adding new measures daily, you should contact local lawyers in the relevant jurisdiction to check the current measures in force.

Our thoughts are with our colleagues around the world impacted by COVID-19.

Date for your diary: Joint Fraud Conference, 27 October 2020

We are pleased to announce that we will be holding a joint conference with R3 and the Fraud Advisory Panel in London on 27 October 2020 at the Chartered Accountants’ Hall (Moorgate Place), London. For updates on this event, please visit our website.

Please note, this event will take place on-line if we are not able to meet in person.

We welcome feedback, news and story ideas for future newsletters. 

Please send your suggestions to Paul Newson, Communications Manager,

INSOL Europe, PO Box 7149, Clifton, Nottingham. NG11 6WD. Tel: +44 115 8780584
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Disclaimer: This newsletter is sent to members of INSOL Europe. No responsibility legal or otherwise is accepted by INSOL Europe for any errors, omissions or otherwise. The opinions expressed in the articles that appear are not necessarily shared by any representative of INSOL Europe.