Registrations now open for the 2015 TMA Europe Distressed Investing Event 

Creating value from distressed debt will be debated by leading turnaround experts at the forthcoming event in London on 17 September.

There will be two interview sessions entitled "Creating value" and "Who's buying?" and plenty of time for networking at the beginning and the end of the event.

The event is being held at Deloitte, 2 New Street Square, London EC4A 3BZ from 4.00pm until 8.00pm on 17 September 2015.

TMA Europe Post Conference Report 

The annual conference of TMA Europe attracted around 150 participants this
year and perhaps not surprising looking out at the spectacular harbour view
from the Grand Hotel in Stockholm on a sunny summer's day. 

But it was not just the Swedish capital's beautiful architecture that was the draw. As conference co-chair Fredrik Vernersson of PricewaterhouseCoopers (PwC) told the opening session:

"I believe we all in this room share a passion for value creation; we all want to avoid value destruction."

"We also all have hands-on experience of turnaround," Vernersson added.

 As always, TMA's global leadership had crossed the pond in force to attend the annual European event, and TMA Global chairperson Judge Kevin Carey welcomed the first keynote speaker: Alexander Graf Matuschka-Greiffenclau, CTO of Nokia.  

 Read more.

TMA Europe Roundtable Develops a Unified Voice

Around thirty of Spain's leading experts on financial services turnaround met for the inaugural Madrid TMA Europe Roundtable on 28 May.

The main aim of the Roundtables is to break down barriers between stakeholders in Europe' banking industry, in order to develop a coherent guiding voice for regulators.

The need is urgent; the challenge huge. Non Performing Loans (NPLs) represent almost one third of the entire banking market in Europe.

If the continent's banks are ever to break free from the paralysing hold on these NPLs and return to their vital function in the economy, lending to business, then something urgently has to change.

With the theme 'How can Madrid continue to build big opportunities in post AQR Europe?', over 30 key figures in the turnaround profession came together to debate how best to tackle these NPLs - and how to smooth their way from the banks into the hands of new owners.

Read more.

TMA UK to Announce Young Turnaround Professional Award

TMA UK Annual Conference, Thursday 12th November 2015, Royal College of Physicians.

As you are aware last year's conference was a great success and we were awarded Most Innovative Event of 2014.  The conference was sold out. We have lined up some interesting speakers and panels and we will be opening advance bookings to those who attended last year at the end of June. There is a special conference rate available to those residing outside the UK. Please contact Nyree Magill (secretariat@tma-uk.org). 

At the conference we will be announcing the winner of the TMA's prestigious Young Turnaround Professional Award, which recognises the achievements of an individual working in turnaround and restructuring who demonstrates exceptional performance and career development with less than five years' industry service. Details of the selection process and the timetable for submitting nominations will be made available on the conference website pages soon.

EACTP Celebrates its Founding Fifty

Europe's pioneering accreditation association for turnaround management professionals has welcomed its 50th member.

The association, which has presented commemorative awards to its 'Founding Fifty', now has 54 members from 13 European countries.

EACTP has created the first pan European accreditation programme for turnaround professionals to provide an industry standard of quality in turnaround and restructuring.

Certificates were presented to the first ten turnaround practitioners to qualify as members of the EACTP at TMA Europe's annual conference two years ago. At this year's conference in Stockholm, Founding Fifty awards were handed out to EACTP members.

Tyrone Courtman, who has been President of EACTP since it was launched, said: "All involved with EACTP believe our accreditation provides a much-needed European kitemark of quality for our profession. We also feel EACTP has an important role to play in raising awareness of the benefits of what we do, and helping to demonstrate the significance of turnaround management as a specialised profession.

"It is very pleasing to see our membership flourishing as turnaround professionals across Europe realise the value of becoming a Certified Turnaround Professional."

Ian Gray, chair of EACTP's Standards and Admissions Committee, added: "This is an important milestone for EACTP and we wanted to mark it by acknowledging our first fifty members."

The EACTP's accreditation is based on TMA Global's well-established CTP programme.

For more information, and details of how to apply see www.eactp.eu or call 0208 286 3025.

TMA Institute Courses

The TMA Institute offers on-demand education that can be accessed at any time, on any computer. Below are a list of courses on Negotiation taught by Harvard Business School and Harvard Law School professor, Dr. Guhan Subramanian. 

TMA Institute Course: Managing the Deal Process: Auctions, Negotiations & "Negotiauctions"

What happens when all of a sudden a negotiation falls apart? This session will synthesize best practices and cutting-edge strategies for managing these situations. For "process setters," this session will provide a framework for deciding when to hold an auction, and what kind of auction to use. For "process takers," this session will highlight three classes of moves that often distinguish great negotiators from just very good negotiators in competitive bidding situations: setup moves, rearranging moves, and shut-down moves.

Member: $149 USD

Non-Member: $199 USD

TMA Institute Course: Moves Away from the Table: Multiparty Negotiations and the "Setup" of the Deal

This session will introduce the concept of "deal setup" and will provide examples across industries and contexts. Case studies will include the negotiation between NBC and Paramount over the TV show Frasier and the American Airlines bankruptcy.

Member: $149 USD

Non-Member: $199 USD

Moves at the Table: What You Say and Do to Create Advantageous Agreements

Review the latest research on strategies for creating effective, mutually beneficial, long-term, sustainable agreements. Topics will include: how to prepare systematically for negotiations; strategies of persuasion and influence; how to use body language and different modes of communication; and the role of emotion in negotiation. Exercises will illustrate key concepts during this session.

Member: $149 USD

Non-Member: $199 USD
 

INSOL Europe Annual Congress, Berlin, Germany, 1-4 October 2015 - 'Harmonisation and Innovation'

€100 discount for TMA members.

Following the very successful Annual Congress in Istanbul in 2014, INSOL Europe can announce that their next Annual Congress will be in Germany's vibrant capital city - Berlin.

Focus this year will be on two major themes: Harmonisation and Innovation. Both are high on the agenda. The EU Commission is conducting a thorough study of the harmonisation of insolvency laws across the Member States. INSOL Europe has taken up the role as torchbearer in drafting and adopting guidelines. 

Submit articles for consideration for the next TMA Europe Newsletter to Mandy Caruana by Wednesday, 15 July 2015. Suggested topics include TMA Europe events, activities, or announcements.