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INSOL Europe news and offers
February 2018: Conference News & Updates

Dear Colleagues

I continue to be amazed by this organisation and its members. And it is through our members that we continue to improve the insolvency, business reconstruction and recovery field in every European country; they are the driving force behind every INSOL Europe action. Their talent, hard work, experience and knowledge helps INSOL Europe to make a lasting impact in this professional field in Europe.
As you all know, with each new year and each new president there is a new action plan for our organisation. Our major focus this year is developing the potential of INSOL Europe. We must shift away from repetitive patterns and rules. Instead, we must migrate rapidly to becoming a European team of teams that comes together in whatever combination necessary to add the greatest value to our professional communities. Unfortunately, we are not as many as we could be and in some countries we are underrepresented. As such, increasing the membership in our organisation is the first step.
In accordance with the membership objectives set out by our Strategic Task Force, this year I am challenging myself to bring new blood into the organisation. We are focusing on young members and countries with unused potential. For this I am working closely with Mrs. Piya Mukherjee, the Vice President of INSOL Europe and the members of the Council, who are graciously undertaking the responsibility for a membership drive in their countries and establishing contacts with their national insolvency practitioners’ associations. Fortunately, in the countries that are not represented in the Council, we have INSOL Europe members that have agreed to help us and be our ambassadors. One of the instruments to attract new members that I am most excited about is organising small conferences, networking events, with a professional theme, where professionals have a chance to get in touch with our organisation. We will, of course, also use our more classical instruments to increase membership subscriptions, such as, waiving the admission fee of 210 euros which is payable by all new members, offering a discount for subscription and conference fees for accessing/emerging market countries together with discounted rates for younger members, full time academics and members of the judiciary. Also this year we are asking each country to come up with a tailored approach in order to drive membership.
As always, I invite you all to send me your thoughts on this matter,

Radu Lotrean
President of INSOL Europe



Radu Lotrean
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 Conference, Riga: Registration Now Open!

We are pleased to announce that our Keynote Speakers for the 2018 conference in Riga are Latvia's Prime Minister, Māris Kučinskis, and Minister of Justice, Dzintars Rasnačs.

As an insolvency practitioner it is always a balance to meet certain interests, but at the same time follow and use the different legal frameworks. That is why the title of our 2018 conference will be 'Balance of Interests: Restructuring, Insolvency and Second Chance'. The conference will be focused mainly on new approaches across Europe towards (cross-border) insolvency, how local and European laws have developed and the Commission's plans for harmonisation of the Member States' insolvency laws. The conference will consider the possibilities in different European jurisdictions for financing and other crucial tools to save as many companies as possible where there is a viable business.

Attending our conference presents an excellent opportunity to meet industry experts and to learn about the latest trends in insolvency. The conference will be preceded by an optional networking dinner (on Thursday 31 May) in a restaurant in the centre of the old town, during which the guests can have a taste of both Latvia’s culinary and music traditions.


Registration is now open!

Click here for details and
to register your place.


We are very excited about this event and look forward to welcoming you in Riga.

Annual Congress 2018, Athens: Registration Open Soon!

Just by saying the word “Athens” one can’t help but think of the oldest and biggest civilization in Europe, stretching back more than 3,000 years. Imagine walking on the hill of Pnika or strolling the Ancient Market, places where people used to meet to discuss important public issues, places where democracy first appeared. 

It is therefore a great venue for such an important business event like our 37th INSOL Europe Congress. ‘Breaking the Chains’, the theme of our Congress is truly fitting for Greece. The resilience, the calm and the strength of the Greek nation helped them overcome their economic crisis. After all these difficult years, Greece’s economy is growing again! This is just one example of what our organisation’s professionals aim for: help nations after an economical decline to break the chains and prosper again.

Athens will be the perfect place for brainstorming, creating new connections, networking and meeting other like-minded professionals. After the Congress, what could be better than having a great conversation, in the Greek spirit, with a new friend, listening to some traditional Greek music, while enjoying a glass of wine and a 24 degrees weather! We look forward to seeing you there!


Download our Congress flyer.

Visit our website for further information and details of our Technical Programme.

Look out for more information coming soon.

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
  • Practical Law - access to Global Guides
Read more


Inside Story: Reorganisations Go Virtual In Cyprus

In the last few decades the promotion of a corporate rescue culture has been a key objective for many EU jurisdictions, but particularly since the 2008 financial crisis, corporate rescue has been at the top of the agenda. 

Although the significance of corporate rescue is not to be underestimated, it can be argued that consumer bankruptcy carries no less significance.

The adverse impact of consumer bankruptcy has been intensely experienced at very large scales in countries like Greece and Cyprus. However, as opposed to the sporadic attempts that were made in the shadow of the financial crisis in Greece, Cyprus appears to have approached both corporate and consumer reorganisation in a more methodical manner and has noticeably placed greater emphasis on laying the foundations of a strong second-chance culture. 

Alexandra Kastrinou, Senior Lecturer, Nottingham Law School (UK) looks at the steps taken in Cyprus to improve the position of consumer debtors and offers a brief overview of the recently introduced legislative framework, which is now bedding into use following the introduction of an Interactive Reorganisation Tool and accompanying Guide in January 2018Read 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 Communicatons Manager, Paul Newson for details.

Guidance from other countries on the Recast Regulation

The Lexis Nexis INSOL Europe European Insolvency Regulation Case Register contains summaries of 640 judgments so far, from the CJEU and first instance and appeal courts of the EU Member States, that consider a significant point relating to the EC Regulation on Insolvency or, from 26 June 2017 onwards, the Recast Regulation. Indeed, with EC case law, decisions of the CJEU bind all Member States, though where the CJEU has given limited guidance on a particular area, courts may look to decisions of other courts in the Member States for guidance, although they will not be binding.

As it will take some months for the first case(s) on the Recast Regulation to reach the EU Court of Justice, practitioners will be very interested in how other Member States across the EU are dealing with the new wording in the Recast Regulation.

7 abstracts of key judgments delivered from 26 June 2017 onwards from Gibraltar, Germany, The Netherlands and Scotland applying the Recast Regulation on Insolvency 2015/848 are already uploaded on the Lexis Nexis INSOL Europe’s European Insolvency Regulation Case Register platform here.

Academic Conference 2018: In Search of Wisdom in Athens

Ancestral home of democracy and birthplace of law as an institution unto itself in the writings of Aristotle and his contemporaries, what better place than Athens, Greece for the annual INSOL Europe Academic Forum conference on “Party Autonomy and Third-Party Protection in Insolvency Law” on 3-4 October 2018? Situated inland from the Saronic Gulf connecting to the Aegean Sea in the centre of the Cephesian Plain, Athens is one of the world’s oldest cities and can claim some of the most iconic ancient ruins on the planet, providing excellent opportunities for both pre- and post-conference explorations.

The conference theme is designed to provide the opportunity to challenge existing approaches, stimulate debate, and ask profound questions about a range of issues within contract law, property law, company law and private international law connected to insolvency law. 


These scintillating topics will help the audience focus on and explore party autonomy and the impact on third parties of these areas closely related to insolvency law. Further information can be found in the Call for Papers issued in January.

For those keen to come to Athens, there is still time to consider submitting a proposal. Proposals are invited that do more than just outline a topic of interest in respect of any given jurisdiction, but seek to understand, analyse and critique the fundamentals of insolvency law and take the subject forward. Papers that have a comparative and/or an empirical angle are particularly welcome. And of course, members of the Younger Academics Network of Insolvency Law are invited to submit papers on the above-mentioned topics or to present in the dedicated YANIL session. For those fulfilling the criteria, travel grants are also available to assist attendance and can be accessed at the Academic Forum webpages.

Expressions of interest and applications should be sent to Anthon Verweij.

The Academic Forum is pleased to announce the generous support of Edwin Coe LLP.

INSOL International Activity Reports

All members of INSOL Europe are entitled to the membership benefits of INSOL International, a world-wide federation of national associations of accountants and lawyers who specialise in turnaround and insolvency. Their latest Press Releases and Quarterly Reports are published on our website here.

R3 & INSOL Europe International Restructuring Seminar

Date for your Diary: 7 June 2018

The 15th conference between INSOL Europe and R3 will debate topical issues from current international and cross-border cases. Technical sessions will be delivered through a combination of presentations, panel discussions and case studies. Delegates will depart fully up to date on the main developments in this area, equipped for the next phase of cross-border insolvencies and restructurings.

Further information will be available soon.

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

Please send your suggestions to Paul Newson, Communications Manager,

INSOL Europe, P O Box 7149, Clifton, Nottingham. NG11 6WD. Tel/Fax : +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.