On 22 November 2016, the European Commission published its proposal for a directive on preventive restructuring frameworks. A copy of the proposal can be found here. The directive will, upon adoption, require the Member States to introduce preventive restructuring proceedings into their national insolvency systems. In the meantime, various Member States are already working on new restructuring proceedings or on improving those now in place. These developments will drastically change the insolvency and restructuring environment in Europe.
The European Commission’s proposal for a directive on preventive restructuring frameworks will be an important topic of discussion at a one day international conference that will be held in Amsterdam on 27 January 2017, titled: EYES on Insolvency 2017 – “Designing pre-insolvency proceedings of the future”. The conference is being organized by the Business & Law Research Centre of Radboud University in Nijmegen and RESOR, in cooperation with INSOL Europe and the European Commission.
While numerous legislative initiatives for the introduction of modern “light-touch” restructuring proceedings are underway, a broad consensus on just what these proceedings should look like, and what their objective should be, has yet to form.
As the thinking matures, there is likely to be an impact both on the final wording of the directive now under consideration, and on the ways in which EU Member States will use the discretion afforded to them in implementing it. The purpose of this conference is to bring together top experts in the field and other interested parties within and outside Europe to exchange ideas and contribute to the collective thinking on restructuring proceedings of the future.
We kindly invite you to join the debate.
- Mihaela Carpus-Carcea, Legislative Officer (DG Justice) at European Commission (Belgium)
- Timothy Barnes, United States Bankruptcy Court, Northern District of Illinois (United States)
- Reinhard Bork, University of Hamburg (Germany)
- Geoff O’Dea, Freshfields (United Kingdom)
- Robert van Galen, NautaDutilh (Netherlands)
- Francisco Garcimartín Alférez, University of Madrid, Linklaters (Spain)
- Gijs Makkink, President of the Enterprise Chamber (Ondernemingskamer) of the Appellate Court in Amsterdam (Netherlands)
- Jennifer Marshall, Allen & Overy, London (United Kingdom)
- Anne Mennens, Radboud University and ING Wholesale Banking Legal (Netherlands)
- Jennifer Payne, Oxford University (United Kingdom)
- Lorenzo Stanghellini, University of Florence (Italy)
- Richard Snowden, High Court – Chancery Division (United Kingdom)
- Ignacio Tirado, University of Madrid, The World Bank, IMF (Spain)
- Nicolaes Tollenaar, RESOR (Netherlands)
- Frank Verstijlen, University of Groningen (Netherlands)
- Michael Veder, RESOR and Radboud University (Netherlands)
To register and for more information, please visit www.eyesoninsolvency.com.
This comes from Professor Michael Veder at Radboud University.