Alastair Beveridge
President of
INSOL Europe

Our 2019 EECC Conference in Ljubljana, Slovenia, is now only 3 months away!

Thanks to our technical co-chairs Edvins Draba (Sorainen, Latvia) and Marko Zaman (Zaman and partners Ltd, Slovenia) the conference programme has now taken shape and the theme will be "Navigating The Journey of Distressed Companies". A few highlights include the opportunity to sample the investors’ experience - when insolvency becomes a calculable and acceptable risk; we will analyse a case on cross-border insolvency in aviation; and we will examine the fine line between access to information and the need for confidentiality in insolvency procedures.

We are pleased to announce that our Keynote Speaker is Prof. Marko Simoneti (Department of Legal and Economic Science of the Faculty of Law, University of Ljubljana, Slovenia) and we look forward to his introductory speech to set the tone for the conference.

We have prepared many surprises and we encourage you to come early and stay late. On 6 June (Thursday) there is a pre-conference networking dinner at the restaurant Gostilna na Gradu in the Castle grounds during which the guests can have a taste of both Slovenia’s culinary and music traditions and on Friday evening there is the Young Members drinks reception.

We hope you will take up the many opportunities to enjoy our conference in Ljubljana and we look forward to seeing you there!

Now only 3 months away!

Download the brochure
for full details

Register your place
here before 19 April
at the early booking fee

We are delighted to announce that registration for our Annual Congress 2019 in Copenhagen (Denmark) is now open!

We will be using the philosophical theme and title “(Un)necessary preventive restructuring frameworks: Where are the limits?” and this is a reference to the proposals which are being implemented by the EU – proposals which are designed to avoid insolvency. The programme will be wide and diverse with many topics covered, which we believe will be very interesting and stimulate discussion and debate.

Registration is now open here and early booking rates apply until the 1st of July.

Copenhagen is located at the most important approach to the Baltic Sea on the eastern side of Denmark and is now connected to Malmo in Sweden by way of the spectacular Oresund Bridge. The bridge is part tunnel and takes trains as well and this innovative approach is certainly something which the Danes are renowned for. 

The venue, The Scandic Copenhagen hotel, is centrally located with scenic views of the Lakes and within walking distance of many of the city’s attractions. Also nearby is the popular Meat-packing District (Kødbyen) where you’ll find many of the city’s chic restaurants and classy underground bars. 

For more information, please contact harriet@insol-europe.org or download the Congress Brochure. Registration is only possible online.

The Richard Turton Award provides an educational opportunity for a qualifying participant to attend the INSOL Europe Annual Congress, which this year will be held from 26-29 September in Copenhagen, Denmark.

The award is open to applicants who:

• Are a national of a developing or emerging nation;
• Work in or are actively studying insolvency & restructuring law and practice;
• Students satisfying the nationality requirement, but studying in another country, are also eligible to apply;
• Are under 35 years of age at the date of the application; and
• Have sufficient command of spoken English to benefit from the conference technical programme.

The successful applicant will be asked to write a paper of 3,000 words on a subject of insolvency and turnaround to be agreed with the panel. This paper will then be published in summary in one or more of the Member Associations' journals and on their websites.

For full details including the closing date for entries, visit our website here.

In Portugal, through Law no. 8/2018, a new pre-insolvency instrument has entered into force: the regime of out-of-court corporate restructuring (in Portuguese, the “Regime Extrajudicial de Recuperação de Empresas” or simply the “RERE”). The RERE is an out-of-court recovery instrument which aims at achieving a voluntary, confidential and free content restructuring agreement through negotiations engaged by the debtor with all or only some of its creditors.

Debtors who may resort to RERE are those in a state of near insolvency or with mere economic and financial difficulties (such as serious difficulty in complying with payment obligations due to lack of liquidity or access to credit), but capable of financially recovering. Exceptionally, during the first eighteen months after the text enters into force, a debtor in a situation of insolvency may resort to RERE as long as it has not yet been declared insolvent by a Court. 

Nuno Gundar da Cruz and Catarina Martins Morão detail the use and implementation of the new RERE procedure in our latest INSIDE Story. Read the full Inside 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.

• the implementation of the EU Directive and the practical challenges faced in Nordic countries;
• restructuring in the region, focusing on the ongoing Componenta Group restructuring in Finland and Sweden;
• the impact of Brexit; and
• board directors’ liabilities.