2012 TMA Europe Post Conference Review
What a time to have a conference about turnaround.
On the day we got to Madrid, Spain's Central Bank had just appealed for international help. On the following day, during the conference itself, the Eurozone delivered its 100 billion euro bail out for the country's banks, much to the relief of the markets.
Just up the road from the Bank of Spain, in one of Madrid's most affluent areas, TMA Europe's conference carried on with very little evidence around it of the country's economic crisis. Over a million empty unsold properties and nearly 50 per cent youth unemployment were not visible from the air conditioned salons of the Hotel Hesperia where we met. But the concern on the faces of the Spanish delegates, for instance, was real enough.
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....and the winners are....
An innovation at the annual TMA Europe conference this year held in Madrid was the introduction of two awards for European turnaround of the year; one for small companies with revenues under €100 million and one for large companies with revenues above t his amount.
The large company award was won for the turnaround and restructuring of the Kord Group led by Petr Smutny of PwC in Prague.
The small company award went to Adrian Doble and team of FRP Advisory for the turnaround of Ferromatik Milacron Maschinenbau GmbH.
Full details on the winners can be read in the next issue of TMA International News and the Journal of Corporate Renewal.
Read more....
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Distressed Investing Event
TMA Europe's inaugural distressed debt conference addresses the following issues and brings together investors, funders, and professionals from across Europe.
● Can price expectations be closed to unblock the log jam?
● Can banks become more active in encouraging much needed management change?
● What are the challenges and opportunities facing the Turnaround and Restructuring Community and how can they expedite the process of change?
Listen to leading deal makers and bankers from London and the Eurozone give their views in a focused and succinct soirée in the City of London on September 13th.
Register now to ensure your place at the inaugural TMA Europe Distressed Investing Conference.
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June Issue of the Journal of Corporate Renewal Now Available
The latest issue of the Journal of Corporate Renewal is now available on line and for downloading from the App Store or Google Play. For easy access to the on line or app editions, please visit the TMA's website.
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The Annual in Boston Offers International Discount, Networking Reception
Start making plans to travel to Boston, Massachusetts, November 1-3, for The Annual, TMA's yearly conference featuring the leading corporate restructuring, turnaround management, and distressed investing professionals. TMA members from outside North America receive significantly discounted registration rates and are also invited to attend a special networking reception.
Registration opens later this month. Learn more about the conference, including the featured Friday night entertainer Seth Meyers, lead writer and Weekend Update anchor for Saturday Night Live.
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Revision of the European Insolvency Regulation Proposals by INSOL EUROPE
Today INSOL Europe has launched its proposal for revision of the European Insolvency Regulation by officially submitting it to the Commission of the European Union in Brussels.
The European Insolvency Regulation provides for the pan-European effect of liquidation and reorganisation proceedings opened in a member state of the European Union. By virtue of this important regulation trustees appointed in a member state can exercise their powers in other member states and judgments relating to insolvency proceedings are given effect to in other member states. The regulation furthermore inter alia contains rules on coordination between multiple proceedings and the law applicable to insolvency issues such as dismissal of employees.
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Submit TMA Europe Newsletter Articles
Submit articles for consideration for the next TMA Europe Newsletter to Mandy Caruana by Monday 16 July 2012. Suggested topics include TMA Europe events, activities, announcements.
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