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

Dear Members

Welcome to 2019 and a belated Happy New Year to all!

We are going to be busy this year – as an organisation and also as an industry. Our EECC conference on 6-7 June in Ljubljana is well advanced and both the programme and planning for our flagship Annual Congress on 26-29 September in Copenhagen are almost complete.  

These two events are arranged by our organisation alone but you may recall one of our strategic goals is cooperation. I therefore wanted to look more closely at some of our efforts in this area as these are important in strengthening our relationships with kindred organisations but also providing networking opportunities in different places and often to a slightly different and wider audience – all designed to support growth in membership.

Below I have listed a small number of the events we are working on – others are also being planned. INSOL Europe continues to look at ways to support members in their home countries and so any suggestions for other events like this are welcome.

  • INSOL International/INSOL Europe joint 1-day conference in Stockholm, Sweden on 22 May
  • Joint AIJA/INSOL Europe 3-day conference in Mallorca, Spain from 13-15 June
  • R3/INSOL Europe 1-day conference in London, UK on 11 July

We are also running the third and final module of the High-Level Insolvency Course in Cyprus on 22 March. I hope to be able to announce the next location for the running of this superb programme next month.

Hopefully something to whet the appetite of all of our members.

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 Conference 2019: Registration Now Open!

We are pleased to announce that registration is now open for our EECC Conference, taking place in Ljubljana (Slovenia), a land of legends and myths, from 6-7 June 2019. The main them of the conference is "Navigating The Journey of Distressed Companies".

Slovenia had a high number of insolvent companies as a result of the 2008 global financial crisis, features of restructuring procedures not suited and no preventive procedures available. In the last couple of years, Slovenia introduced preventive restructuring procedures for medium and large-size companies, simplified reorganization procedures for micro and small-size companies and improved access to reorganization proceedings for creditors.

These reforms increased the number of successful reorganization cases and ranked Slovenia as number 9 at Resolving Insolvency (World Bank Doing Business Report 2019), with an 88.7 cents on the dollar recovery rate, 0.8 years and 4% of the estate cost. Slovenia is the perfect place for our 15th EECC Conference!

Download the brochure
or register your place here.

For further details or to register your place, please visit our Events website.

Academic Forum Conference 2019: Call for Papers

The Academic Forum has just issued a Call for Papers for the Copenhagen 2019 Conference taking place on Wednesday 25 September – Thursday 26 September 2019. The overall conference theme will be “Harmonisation of insolvency and restructuring laws in the EU”. The theme encompasses issues relevant to the three pillars of the new EU insolvency and restructuring directive: (1) preventive restructuring frameworks, (ii) second chance, and (iii) efficiency of restructuring, insolvency and discharge procedures.

Proposals for the delivery of papers are now invited that challenge existing approaches, stimulate debate and ask profound questions. Younger Academics are, of course, also invited to submit papers and may also choose to present their research in the conference session dedicated to the Young Academics’ Network in Insolvency Law (YANIL).



Expressions of interest in delivering papers within the conference theme should be communicated by 15 March 2019 by email to Anthon Verweij, IEAF Secretary. For further information on the conference themes and topics as well as on the travel grants available for early scholars, please visit the Academic Forum website.

Financiers Group Seminar: Who would be a Director?

A highly successful second annual meeting of the joint INSOL International / INSOL Europe Financiers Group took place in London on 20 November, chaired by John Willcock, Editor of Global Turnaround, author of this report.


The stimulating discussion was hosted by Commonwealth Bank of Australia, whose Mark Sutton, Senior Executive Manager, Group Credit Structuring, opened the proceedings. The panel was then introduced by Derek Sach, chair of the INSOL International Financiers Group. 

The theme was the package of measures floated by UK regulators in response to a number of controversial business collapses recently, including the retail group BHS and the outsourcing giant Carillion.

The suggested responses include strengthening corporate governance pre-insolvency, and potential new powers to investigate and pursue directors over companies that have been sold or dissolved. 

This prompted two strands of discussion; given these changes, who would want to be a director? And more generally, who should play the role of ringmaster in the kind of complex restructurings now being seen with multinational companies boasting increasingly complicated capital structures? 

The panel consisted of Patricia Godfrey, a partner in the banking and finance team at CMS; Andrew Shaw, a civil servant in the UK’s Insolvency Service who currently heads its team preparing for Brexit; Ed Boyle, a restructuring and insolvency partner with KPMG; Julian Verden, Stemcor Group’s managing director for Europe; and Richard Stables, EMEA head of restructuring at Lazard. 

The debate was brought to a conclusion by Alastair Beveridge of AlixPartners, past Co-Chair of the INSOL Europe Financiers Group, and the joint group now looks forward to a similar event next year.

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: Terminating Insolvencies in Hungary

The recent amendment to the Hungarian Insolvency Act (HIA), which entered into force in July 2018, concerned a seemingly minor issue.

The newly implemented provision, section 26(3b) of the HIA, makes it possible to terminate the liquidation proceedings even after the delivery of the final decision opening of the liquidation proceedings (but prior to the publication of the liquidation in the Official Gazette) without the consent of the creditor who initiated the liquidation proceedings.

The precondition of such “extraordinary termination” is that the debtor provides proof of having paid the debt underlying the final court decision opening liquidation to the creditor. Zoltán Fabók, Counsel, DLA Piper Budapest and Fellow, INSOL Global Insolvency Practice Course, takes up the story which has provoked strong responses even in the “mainstream” media. 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.

Educational Project Module Update: New date for Module III

The INSOL Europe High-Level Course on Insolvency is an ambitious training project that for its second edition, is being held in Nicosia (Cyprus), both for the importance of the jurisdiction's legal tradition and for its recent reforms in the insolvency area.

Approx. 80 participants have now completed the first two modules and are preparing for Module III, in which each participant will be required to choose a topic of analysis, and submit an essay of about 5,000 words on the subject.

The new date for the final coure is now Friday 22 March and more information can be found on the Education pages of our website.

Eurofenix Winter Edition Now Published

The Winter 2018/2019 edition of Eurofenix, our quartlery printed journal, has now been published and sent to all our members.

Members can also download the latest edition on our website, and non-members can access older editions through the same portal.

Eurofenix is essential reading for INSOL Europe members, licensed insolvency practitioners and all professionals involved in business recovery throughout Europe. The new edition includes news and updates from around Europe, including conference reports, feature articles, book reviews and country reports. 

If you would like to contribute to a future edition, please visit our website for information about copy deadlines and submission guidelines.

Anti-Fraud Forum: Call to action!

Dear members of the Anti-Fraud Forum


As you might have read in INSOL Europe’s December newsletter, we are very grateful to have been accepted as Co-Chairs of the Anti-Fraud Forum.
First of all, we would like to thank David Ingram and Eitan Erez for the great job they did as founders and promotors of the AAF since 2012 and 2016 respectively. We hope that we will be able to fill the gap they have left behind.
During the upcoming year and beyond, we will be focusing on developing the AFF and its founding goals of promoting the use of insolvency processes to assist with the tracing and recovery of assets, sharing experiences amongst members of the group and providing a forum to educate a wider audience on the threats of fraud. We are keen to develop the profile of this group of highly-skilled professionals and explore its potential. We will be looking to establish links with other working groups, inside and maybe even outside of INSOL Europe. We will keep you updated in that regard.
In the meantime, we would really appreciate members’ input on the AFF’s functioning in general and on the topics that carry members’ interest. We want the AFF to be a valuable resource to members and we need you to tell us what you want it to be. Do you have any thoughts on the structure and agenda of the annual meeting? Would you be interested in a LinkedIn Group to share practical experience and case law? Would you like to represent the Anti-Fraud Forum at an INSOL Europe event or contribute a piece for Eurofenix? The topic scope can be rather broad, for example asset tracing, lenders’ / shareholders’ / administrators’ liabilities, phoenixing, court intervention and supervision in insolvency proceedings to prevent fraud, criminal proceedings, (international) attachment proceedings, UBO-register, trends in fraud and the impact of technology, geopolitical and economic factors, hiding assets offshore, impecunious estates and funding or anything else that you see in your working life.
Any additional items you would be interested in would of course also be hugely appreciated.  Please do not hesitate to contact us in that regard.
Best regards,
AIJA & INSOL Europe Joint Conference 2019

AIJA (International Association of Young Lawyers) and INSOL Europe's Young Members Group are holding a Joint Insolvency Conference in Mallorca (Spain) from 13-15 June 2019. The theme of the Conference will be "Make twilight a new dawn: defensive and offensive strategies in insolvency matters".
If you would like to participate, be a speaker or panelist, or sponsor this event, visit our website for more information.
Save the Date: Annual Congress 2019, Copenhagen

We are delighted to invite you to our next Annual Congress in the very modern city of Copenhagen (Denmark) from 26-29 September 2019! Visit our website for more information or download the Congress flyer.

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.