Day 1 Joharah Ballroom. INSOL Dubai INSOL President Sumant Batra, Kesar Dass B. & Associates Conference Co-Chairs Dr. Nasser H. Saidi, DIFC and Hawkamah

Day 1

Joharah Ballroom

INSOL Dubai

INSOL PresidentSumant Batra, Kesar Dass B. & Associates

Conference Co-ChairsDr. Nasser H. Saidi, DIFC and HawkamahPeter Spratt, PricewaterhouseCoopers

Technical Co-ChairsMaurice Moses, Ernst & Young LLP Dr. Lars Westpfahl, Freshfields Bruckhaus Deringer LLP

Mission Statement

INSOL with its Member Associations will take the leadership role in international turnaround, insolvency and related credit issues; facilitate the exchange of information and ideas; encourage greater international co-operation and communication amongst the insolvency profession, credit community and related constituencies.

Global and Rapidly Growing

Over 9,500 members and counting

Membership based in over 70 countries

Over 40 Member Associations

Main regions and countries

Lawyers, accountants, judges, bankers, turnaround specialists, policy makers, regulators and others

AMERICAN BANKRUPTCY INSTITUTE (Professional Section) – USAASOCIACIÓN ARGENTINA DE ESTUDIOS SOBRE LA INSOLVENCIAASSOCIATION OF BUSINESS RECOVERY PROFESSIONALS – R3 ASSOCIATION OF HUNGARIAN INSOLVENCY LAWYERS ASSOCIATION OF INSOLVENCY AND RESTRUCTURING ADVISORS ASSOCIATION OF INSOLVENCY PRACTITIONERS OF SOUTHERN AFRICABUSINESS RECOVERY AND INSOLVENCY PRACTITIONERS ASSOCIATION OF NIGERIABUSINESS RECOVERY AND INSOLVENCY PRACTITIONERS ASSOCIATION OF SRI LANKACANADIAN ASSOCIATION OF INSOLVENCY AND RESTRUCTURING PROFESSIONALSCANADIAN BAR ASSOCIATION (Bankruptcy and Insolvency Section)CHINA UNIVERSITY OF POLITICS AND LAW, BANKRUPTCY LAW AND RESTRUCTURING RESEARCH CENTRECOMMERCIAL LAW LEAGUE OF AMERICA (Bankruptcy and Insolvency Section)CONSIGLIO NAZIONALE DEI DOTTORI COMMERCIALISTI CZECH CHAMBER OF INSOLVENCY PRACTITIONERSESPECIALISTAS DE CONCURSOS MERCANTILES DE MEXICOGHANA ASSOCIATION OF RESTRUCTURING AND INSOLVENCY ADVISORSGROUPE DE RÉFLEXION SUR L’INSOLVABILITÉ ET SA PRÉVENTION 21 –HONG KONG INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS(Insolvency Interest Group)HUNGARIAN ASSOCIATION OF INSOLVENCY PRACTITIONERSINSOL NEW ZEALAND

INSOLAD – VERENIGING INSOLVENTIERECHT ADVOCATEN INSOL–EUROPEINSOL–INDIAINSOLVENCY PRACTITIONERS ASSOCIATION OF AUSTRALIAINSOLVENCY PRACTITIONERS ASSOCIATION OF SINGAPOREINSTITUTO BRASILEIRO DE GESTAO E TURNAROUND INSTITUTO IBEROAMERICANO DE DERECHO CONCURSALINSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF SINGAPORE (Special Interest group of Insolvency)INTERNATIONAL ASSOCIATION OF INSURANCE RECEIVERS INTERNATIONAL WOMEN’S INSOLVENCY AND RESTRUCTURINGCONFEDERATIONJAPANESE FEDERATION OF INSOLVENCY PROFESSIONALSLAW COUNCIL OF AUSTRALIA (Business Law Section)MALAYSIAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTSNON-COMMERCIAL PARTNERSHIP SELF-REGULATED ORGANIZATION OFARBITRATION MANAGERS“MERCURY” (NP SOAM MERCURY)NEPALESE INSOLVENCY PRACTITIONERS ASSOCIATIONREFor – THE INSOLVENCY PRACTITIONERS REGISTER OF THE NATIONALCOUNCILOF SPANISH SCHOOLS OF ECONOMICSRUSSIAN UNION OF SELF-REGULATED ORGANIZATIONS OF ARBITRATION MANAGERSTHE ASSOCIATION OF THE BAR OF THE CITY OF NEW YORKTHE SOCIETY OF INSOLVENCY PRACTITIONERS OF INDIATURNAROUND MANAGEMENT ASSOCIATION (INSOL Special Interest Group)

INSOL International

Vision INSOL International

Truly global (not just in form but also in substance)

Truly independent and neutral

Provide true and responsible leadership (for the profession, while gaining respect of stakeholders in general and society as a whole)

Crucial role in defining international policy

Enhance the prestige of profession

“Global Information Bank”

Hawkamah and MENA Projects

Forum for Insolvency Reforms in MENA

EBRD – Russia

Forum for Asian Insolvency Reforms

Cooperation with the Government of India

Africa Roundtable

INSOL Current Projects

Global information and data bank on insolvency

A joint initiative of INSOL and ABI. Professionally managed project

Global in character, form and content

GLOBALInsolvency.com

INSOL Scholars

INSOL awards 3 scholarships each year to young and talented academics from three main regions.Scholars for 2009-2010 are:

Trish Keeper from Victoria University of Wellington, New Zealand

Professor Adrian Walters from Nottingham Trent University, UK

Oleksandr Biryukov from Institute of International Relations of Kyiv Taras Shevchenko National University, Ukraine.

Publications - we continue to produce publications of great relevance to international, regional and domestic practitioners:

Global Principles for Multi-Creditor Workouts (2000)

Directors in the Twilight Zone I and II (2001, 2005)

Consumer Debt Project (2001)

Employee Entitlements (March 2005)

Bank Insolvency, A Guide for Deposit Insurers (2005)

Publications - we continue to produce publications of great relevance to international, regional and domestic practitioners:

Financing in Insolvency Proceedings (May 2006)

Credit Derivatives (2007)

Treatment of Secured Claims in Insolvency and Pre-Insolvency Proceedings (June 2007)

Claims Presentation and Resolutions: a guidance booklet

Twilight Zone III (2009)

Taxes issues relating to distressed companies (2010)

"Economic and Geographical Implications of Hedge Funds in Distressed Debt" by Sandra A Larratt-Smith, Swing Bridge Capital and Steven P. Ordaz, BMC Group

"Securities Law Claims in Insolvency Proceedings" by Professor Janis Sarra, Associate Dean, University of British Columbia Faculty of Law, Vancouver, Canada

INSOL Technical Papers Series

"Formalities for the Transfer of Insolvent Businesses: The Obligatory Transfer of Employees in South Africa and the United Kingdom" by Professor David Burdette, University of Pretoria, Republic of South Africa

"Inter-Company Debts and Set-Off” by Alastair Beveridge, Partner, Kroll Limited Deborah King, Director, Kroll Limited


"Strategic Consideration for Creditors Facing a debtor in Chapter 15 Under the United States Bankruptcy“ by Mr. John J Rapisardi, Partner Cadwalader, Wickersham & Taft LLP, Ingrid Bagby, Partner Cadwalader, Wickersham & Taft LLP & William Golden, an Associate Cadwalader, Wickersham & Taft LLP

"Animal Figures & Alphabet Soup Understanding the Fat-tails of Asset Backed Securities“ by Sebastian Miralles.


“Avoidance Provisions in a Local and Cross-border Context: A Comparative Overview” by Professor André Boraine, University of Pretoria, South Africa

“Bank Bankruptcy in Canada: A Comparative Perspective” by Associate Prof. Stephanie Ben-Ishai, York University, Toronto, Canada


INSOL Case Study Series

Eurotunnel Plc & Eurotunnel S.A and Associated Companies

HIH Casualty & General Insurance Ltd. & Other Companies

Bear Stearns High-Grade Structured Credit Strategies Master Fund Ltd. And Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage Master Fund, Ltd.

Global Insolvency Practice Course First Course started in 2008 Intensive Programme Unique international learning experience Facilitates future networks Structure of Course

Module A: Three day face to face meetingModule B: Three day face to face meetingModule C: Five days on line sessions

In association with and organised by the National Centre of Business Law University of British Columbia, Vancouver, Canada

INSOL Fellowship

2010-2011 Fellowship Course

Module A18-20 October, London

Module B11-13 March, Singapore

Module C2-6 May On Line

Endorsed by The World Bank Group

“The fellowship programme will be a very rewarding investment towards a successful career, both through helping the development of professional skills and through fostering a greater understanding of different jurisdictions' cultures and systems.” Mahesh Uttamchandani World Bank Group

A number of IFC staff have enrolled for the course.

INSOL Education Foundation

To be announced shortly INSOL Education Foundation is proposed an effective platform for supporting educational activities of our current and potential members, as a part of our endeavour to continue to raise higher the standards of insolvency profession.

INSOL One Day Seminars

Mexico – 22 April, 2010 New Delhi, India – 3 December, 2010 Mauritius – September, 2010

Focus on cross-border issues

INSOL Academic Survey

Impact of non-availability of post-commencement financing on restructuring around the world report will be sent to members in February

INSOL Academic Survey

At the heart of the survey was a highly relevant question: ‘Is it now tougher to get credit for company rescue’? Or, to be blunter, are companies more likely to be allowed to go to the wall rather than be restructured since the financial crisis?

More than 500 INSOL members felt that the answer was an emphatic ‘Yes’ - with around 85% agreeing that it is now harder to get the right financial facilities to aid troubled but viable companies.

Prominent role and contribution in UNCITRAL Projects

UNCITRAL Model Law on Cross Border Insolvency was conceived at joint UNCITRAL-INSOL colloquium. Key role in work and recommendations of WG VI

Active role in World Bank Group standard setting initiatives – World Bank Principles, Unified Standards. Member of Advisory Panel

Lead role in key regional initiatives

Lead or supportive role in global, regional and country level policy and standard setting initiatives

BRIC Countries Initiative

Brazil - Training programmes

Russia – Supporting EBRD led policy roundtable in February 2010 on Insolvency Administrators role, with the MED in Russia

India - Policy roundtables with Ministry of Corporate Affairs (UNCITRAL Model Law and Regulating the IPs), training of stakeholders and study courses

China – Two INSOL regional conferences

BRIC Committee

Latin America – Columbia, Argentina, Brazil training

INSOL Dubai

INSOL PresidentSumant Batra, Kesar Dass B. & Associates

Conference Co-ChairsDr. Nasser H. Saidi, DIFC and HawkamahPeter Spratt, PricewaterhouseCoopers


Co-Conference ChairsDr. Nasser H. Saidi, DIFC and HawkamahPeter Spratt, PricewaterhouseCoopers

TreasurerMark Byers, Grant Thornton


Main Organising Committee

Technical Co-ChairsMaurice Moses, Ernst & Young LLPDr. Lars Westpfahl, Freshfields Bruckhaus Deringer LLP

Andrew Brozman, Clifford Chance LLPIan Carson, PPBAdrian Doble, VantisBill Gambrill, M.A.C Davidson & AssociatesLeonard Goldberger, Stevens & Lee PCChristopher Grierson, Lovells LLPGerald M. Krasner, Begbies TraynorFeisal Naqvi Bhandari, Naqvi & RiazHarry Rajak, Sussex Law School, University of SussexRupinder Singh, Suri Suri & CoPaul Winer, Werksmans Incorporating Jan S. de VilliersMichael Veder, Utrecht School of Law

Technical Committee

General Sponsors

AlixPartners LLPAsset Reconstruction Company (India) LtdBTG Mesirow Financial Consulting Deloitte LLPDerra, Meyer & Partner Financial Times Greenberg Traurig LLPhww wienberg wilhelmPricewaterhouseCoopers

Group of Thirty-Six

AlixPartners LLPAllen & Overy LLPAlvarez & Marsal LLCBaker TillyBegbies Global NetworkBingham McCutchen LLPCadwalader Wickersham & Taft LLPChadbourne & Parke LLPCleary Gottlieb Steen & Hamilton LLPDavis Polk & WardwellDe Brauw Blackstone WestbroekDeloitte LLPErnst & YoungFerrier HodgsonFreshfields Bruckhaus DeringerGoodmans LLPGrant ThorntonGreenberg Traurig LLPHuron Consulting Group LLC

Jones DayKaye Scholer LLPKirkland & Ellis LLPKPMG LLPLinklaters LLPLovells LLPNorton Rose LLPPepper Hamilton LLPPPBPricewaterhouseCoopersRSM Corporate Advisory ServicesShearman & Sterling LLPSkadden, Arps, Slate, Meagher & Flom LLPVantisWeil, Gotshal & Manges LLPWhite & Case LLPZolfo Cooper LLP

Housekeeping

No smoking

Messages

Coffee breaks and lunch – timing

Mobile telephone & Blackberry switched off

Assessment forms – completion & return

Free evening

Technical Co-Chairs

Maurice Moses Ernst & Young LLP

Dr. Lars Westpfahl Freshfields Bruckhaus Deringer LLP

• 9.30am – 11.00am Surviving in an economic downturn

• 11.30-12.45pm When the bank goes bust: Rewriting the rulebook

• 2.00pm – 3.15pm Government intervention or interference?: State aid to financially troubled companies

• 3.45pm – 5.00pm A sector in turmoil: The automotive industry

Plenary Sessions

Breakout Sessions

Sessions A1-A3 General cross-border issues

Sessions B1-B3 Focus on specialist areas

Sessions C1-C3 Smaller practice issues

Technical Co-Chair

Maurice Moses Ernst & Young LLP

Documents

Day 1 Joharah Ballroom. INSOL Dubai INSOL President Sumant Batra, Kesar Dass B. & Associates Conference Co-Chairs Dr. Nasser H. Saidi, DIFC and Hawkamah