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INSOL Europe news and offers
September 2019: Conference News & Updates

Dear Members

Summer is well and truly over and the first inklings of Autumn are already with us. Everyone is back to school, college, university or work and anyone still on holiday has hopefully successfully managed to get a good deal and miss the super expensive part of the year.

Hot on the heals of the launch of the new website INSOL Europe has decided to adapt its approach to social media. The Guest Editors for both Twitter (Jenny Gant) and LinkedIn (Jose Carlos) have started to increase our activity levels in both areas and I would encourage you to join in – as always comments, thoughts and observations welcome.

On 9 September we held a joint breakfast seminar with IWIRC with the topic of Cross Border Restructuring and Jurisdictional Challenges which was a great success. We had over 60 attendees and some good debate and discussions on a wide range of topics. I would like to thank for Carmel King and Bart Heynickx, our Anti-Fraud Forum co-chairs for organising this event and strengthening our links with IWIRC.   

It is these sorts of events, locally organised, with kindred organisations, which I believe will help strengthen our organisation and its membership and I look forward to many more events like this in the future. The next one is a Joint Seminar of the Financiers Groups of INSOL Europe and INSOL International which is being held on 2nd December at the office of NatWest in London – look out for details in forthcoming emails.

I am looking forward to welcoming a huge number of you to Copenhagen – early indications are that we will have a record number of attendees this year which is great news. The year has gone incredibly quickly and has been a real team effort, the support of the members, Council, Executive and of course Caroline, has been magnificent. Over to you Piya!

Alastair Beveridge
President of INSOL Europe



Alastair Beveridge
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.

EECC 2020 Date for your Diary!
Richard Turton Award Winner 2019

The committee is delighted to announce that the winner of this year’s award is Odwa Ngxingo from South Africa. Odwa is currently working at ASOC Management Company (Pty) Ltd. as a portfolio manager dealing with business rescue and distressed private equity funds, and is active in promotion of insolvency and business rescue awareness in South Africa.

He will be writing a paper on “Attitudes towards investing capital in restructuring and turnaround situations, and the multiplier effects deriving therefrom”, 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, Odwa is invited to attend the INSOL Europe Congress on 26-29 September 2019 in Copenhagen, Denmark.

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

Full details of the award and previous winners are available here.

Are you a regular tweeter or user of social media?

INSOL Europe has recently appointed their first ‘Social Media Guest Editors’ for LinkedIn (José Carles of Spain) and Twitter (Jenny Gant, UK), to help develop traffic to and from these platforms and generally increase the number of posts on a regular basis. The intention is to develop a rota of ‘editors’ drawn from a pool of younger members. If you would like to be added to the rota, please contact Paul Newson.

Find us and follow us here on LinkedIn or Twitter.

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:

  • 25% Discount for the ERA Conference 'Restructuring and insolvency within the EU'
  • 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: The Riddle of Recognition in Russia

In a series of recent judgments, Russian courts have confirmed their territorial approach to international insolvencies. These cases concerned recognition of foreign insolvency proceedings (foreign insolvency judgments), originating from the Czech Republic. In one of these, the court in Moscow refused to recognize and enforce the judgment of the Regional Court of Brno, which held the Czech company, PSJ a.s., to be insolvent. The second case related to the personal bankruptcy of a Russian citizen, Ms. Terekhova. The Russian court refused to recognize the judgment of the City Court of Prague, which had established the bankruptcy of Ms. Terekhova.  

This Inside Story by Ilya Kokorin (of Counsel, Buzko and Partners, Russia; Lecturer, Leiden University) will describe the reasoning of Russian courts in both cases and explain how they fit (or, rather, do not fit) within the current international framework for recognition of cross-border insolvencies, as represented by the UNCITRAL Model Law on Cross-Border Insolvency (1997) (Model Law). 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.

Eurofenix French message

​The new edition of eurofenix (#77) is due to be published and will be available for delegates at the Annual Congress in Copenhagen.

The latest edition is also available for members only to download from our website here.  Past issues can also be found here, freely available to all.

Starting from the Autumn issue, the paper copy of the French translation will no longer be printed, following a decision of the Conseil National des Administrateurs Judiciaires et Mandataires Judiciaires (CNAJMJ), which kindly sponsors the translation. From now on, the French translation will appear only on the website and the latest issue will be available only to the French members, the past issues free for all to peruse.

For advertising enquiries or if you would like to submit an article for a future edition, please contact publishing manager Paul Newson.


INSOL International Global Insolvency Practice Course 

INSOL International is pleased to announce the tenth graduating class of the Global Insolvency Practice Course. The successful participants are now formally recognised as a Fellow, INSOL International. The Global Insolvency Practice Course is the pre-eminent advanced educational qualification focusing on international insolvency. 

With the fast-growing number of cross-border insolvency cases and the adoption in many jurisdictions of international insolvency rules and provisions, the turnaround and insolvency profession faces increasing challenges in the current economic environment. The current outlook demonstrates that the practitioners of tomorrow need to have extensive knowledge of the transnational and international aspects of legal and financial problems of businesses in distress.

Full details can be found in this press release.

INSOL Europe / IWIRC Joint Seminar Report

INSOL Europe and IWIRC (International Women’s Insolvency and Restructuring Confederation) held their first joint event on Monday 9 September. The event was a breakfast briefing, in which a panel of experts considered whether the UK is still the centre of European restructuring. The panelists were Liz Osborne (Akin Gump LLP, London), Willem van Nielen (Recoup Lawyers, Amsterdam) and Stephane Bonifassi (Bonifassi Avocats, Paris), with Felicity Toube QC (South Square, London) chairing.

It was a lively and engaging session. Liz put forward some strong points on the UK schemes of arrangement, on English law and the Courts system and some considerations around Brexit. Willem provided some context on the new Dutch scheme, a worthy competitor, and Stephane gave his thoughts on the strengths and limitations of the French system.

At the conclusion of the debate, the panelists (mostly) agreed that the UK retains its crown for now, the Dutch scheme is an exciting development, and France has some room for development!

Many thanks to RSM for hosting the event, and also to Carmel King (Grant Thornton UK LLP) and Vanessa Rudder (Alvarez & Marsal Europe LLP) for organizing on behalf of INSOL Europe and IWIRC London respectively. We look forward to future opportunities for collaboration. 

Forthcoming Events - Dates for your Diary

IEAF-ERA Joint Conference on Restructuring and Insolvency within the EU, Thursday 7-Friday 8 November 2019

The European Academy of Law (ERA) and INSOL Europe Academic Forum Joint Conference on Restructuring and Insolvency within the EU will take place on Thursday 7-Friday 8 November 2019 at the premises of the ERA in Trier, Germany. The conference will chart the latest developments in European insolvency and restructuring, particularly focusing on the recently adopted Preventive Restructuring Directive, continuing case-law of the CJEU under the European Insolvency Regulation, and other matters such as Brexit. A combined agenda and registration form are now available here. Members of INSOL Europe can receive 25% discount off the registration fee by using the code “INSOL25_Restructuring19” during the registration process.


On 6 and 7 December 2019 the International Bankruptcy Fraud Centre will host their first international conference focused on various international aspects related to bankruptcy fraud. During these two days, five central themes will be discussed in more detail by highly experienced and (inter)national renewed speakers. This will be a joint event with the INSOL Europe Anti-Fraud Forum.

Click here for full details or register here.


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.