Piya Mukherjee
President of
INSOL Europe

The new law aims to strengthen the rights of creditors, improve the procedure of debtors’ assets sale at bankruptcy auctions, provide precise mechanisms for restoring the solvency of debtors, and enhance the overall efficiency of bankruptcy proceedings. The Code introduces the concepts of personal bankruptcy and simplifies corporate bankruptcy. Moreover, their efforts of creating an Insolvency Practitioners’ Association have paid off, and recently they had their first general meeting. Similar to the Dnieper, as legend states, blessed by his father to transform into a river and catch up to his sister, Ukrainian insolvency practitioners are moving fast and we look forward to sampling a little bit of their innovative practice. It is this determination that makes Ukraine the perfect place for our 16th EECC Conference! 

Network with colleagues

We hope you will join us, as we have prepared many surprises and good entertainment, and we encourage you to come early and stay late. On 21 May (Thursday, pre-conference) there is the INSOL Europe optional networking dinner at the restaurant Publicist during which the guests can have a taste of both Ukraine’s culinary and music traditions. On Friday evening there is the Young Members Reception at the Rockfellow 210 (just five minutes walk from the hotel).

Register today or Download the Congress Brochure for full details.

The Academic Forum of INSOL Europe will be hosting its 16th annual conference in Sorrento, Italy, on Wednesday 30 September–Thursday 1 October 2020, immediately prior to INSOL Europe's main annual conference taking place in Sorrento from 1 to 4 October, 2020.

Expressions of interest are invited for the delivery of research papers within the overall academic conference's theme, which will be: “The Emerging New Landscape of European Restructuring and Insolvency”.

The theme is intended to focus on, inter alia, the following overall topics:
•    Commentaries on the 2019/1023 Directive as such
•    First reports on implementation issues arising in the EU Member States
•    Other related topics. 

The closing date for proposals is 17 April 2020.

For further details, please visit the Academic Website here. 

Classes will be seminar-based and fully interactive. The training will have a theoretical base but fundamentally a practical approach using a case-study methodology for each module. Target participants would be all professionals involved in the insolvency practice of the jurisdiction, with special focus on high-level lawyers, insolvency practitioners, judges, chartered accountants, auditors, lenders, economists, academics, business consultants and state officials of the relevant insolvency agency.

The third edition of the course will be in Greece and the objectives of the course will be to convey the main elements of international best practice and to deepen the knowledge and interpretation of Greek insolvency law. 
 
The course will be split into 3 modules:

• International best practice and comparative examples (29 & 30 May 2020)
• An analysis of the main elements of Greek insolvency law (to be announced)
• Paper submission and workshop (to be announced)

For further information, please email: emmanuelleinacio@insol-europe.org

For registration queries, please email: harriet@insol-europe.org

CLOSING DATE FOR REGISTRATIONS: 30 APRIL 2020

With thanks to our Supporters
Course Partner: Athens Bar Association - www.dsa.gr
Course Sponsor: CITR - www.citr.ro

In 1990, Ireland introduced a rescue process which reflects all of the main components of the Preventive Restructuring Directive (1023/2019). This procedure was originally contained in a larger scheme of corporate law reform and consolidation designed in the late 1980s, but the rescue process was extracted and passed hurriedly in September 1990 to respond to a crisis in the Irish beef industry. 

This first outing of what was called the Examinership process was a spectacular success leading to the rescue of the Goodman Group. The remainder of the original legislation was passed later in 1990. The Examinership process contains all of the key features in the Directive as explained by Irene Lynch Fannon, Professor of Law, University College Cork, Ireland. 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.

Among them are judges, consultants, insolvency administrators and lawyers. This group has held regular meetings in the offices of the most renowned law firms in Portugal. 

On 17 January, Nuno Líbano Monteiro (partner and head of the Insolvency and Restructuring team at PLMJ, the largest law firm in Portugal) and Catarina Guedes de Carvalho (a PLMJ managing associate), both members of INSOL Europe, organised a meeting at their offices in Lisbon, which brought together 30 people, including lawyers from the leading law firms, partners from Deloitte and KPMG, and a number of top insolvency administrators.  

The speakers were João Rodrigo Santos, CEO of Athena Equity Partners and Prof. Catarina Serra, a well-recognised academic the area of insolvency, judge of the Supreme Court of Justice and also a recognised member of INSOL Europe, in the Judicial and Academic Forum, and also co-editor of Eurofenix.

On the agenda was a discussion of the role of venture capital funds in the restructuring of companies and the implementation of Directive (EU) 2019/1023, on preventive restructuring frameworks and on discharge of debt and disqualifications. A decision was also taken to make a commitment to the INSOL Europe group working actively to get the legislature to implement this Directive in Portugal.
  
This group is planning to organise further initiatives to bring greater dynamism to the activities of INSOL Europe in Portugal.

INSOL Europe has many working groups and committees covering a wide aspect of the work that we undertake, including: Anti-Fraud Forum, EU Study Group, Financiers Group, Insolvency Tech & Digital Assets Wing, IOH Forum, Judicial Wing, Turnaround Wing, YANIL 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.

If you would like to get involved in one a group that interests you, please visit our website for further information and links to all the groups.

These and many more visions will be the topics of the sessions in the technical programme put together expertly by our hardworking Congress Technical Committee with co-chairs Giorgio Corno (Studio Corno Avvocati) and Simeon Gilchrist (Edwin Coe) at the helm. We are very pleased and thankful for all the suggestions for topics received from the membership – the Congress Technical Committee has been spoilt for choice!

Visit our website or Download the Congress Flyer for more details.