TMA pushes for new solutions as NPL sales accelerate - Conference Coverage
The pace of NPL sales is picking up as regulatory pressure is increasingly pushing banks into dealing with their problem loans and fierce competition among buyers is driving up bids and closing gaps to asking prices. But straight sales to hedge funds and private equity groups are not the only solution, with other types of structures emerging to deal with NPLs, according to speakers at last week's TMA Europe Distressed Investing Conference in London.
TMA Europe's Eastern European conference comes to Prague
TMA Europe will be staging its third Eastern European conference in the spring in Prague. The event, called Investment and Innovation - Restructuring and Reform in CEE, will take place at The Czech National Bank on Wednesday, 16 March, 2016.
It follows two very successful conferences focusing on the specific challenges and opportunities for turnaround professionals working in this region held at the National Bank of Romania in Bucharest.
The event in Prague will see speakers debating issues including private equity buying and restructuring of the banks in CEE. There will also be a keynote speech by Ralf Zeitlberger of Erste Bank, Austria.
The event, which runs from 4pm until 8pm, is free to attend but pre-registration is essential.
For more information and to book online, please see the TMA Europe website.
Call for proposals - 2016 TMA Europe Annual Conference - 9-10 June 2016
The theme of the 2016 Rome conference will be focussing on and emphasizing the culture and values of turnaround. We believe that technical skills are important but also culture and values of the company and of the turnaround consultants are a milestone to achieve success and to increase performance.
At the same time we would like to focus on SMEs in Europe because they are the backbone of Europe's economy. They represent 99% of all businesses in the EU. In the past five years, they have created around 85% of new jobs and provided two-thirds of the total private sector employment in the EU. The European Commission considers SMEs and entrepreneurship as key to ensuring economic growth, innovation, job creation, and social integration in the EU. Furthermore the 60% of EU companies are owned by a family or by a sole proprietor.
The title for the conference will be" Increasing perfomance through Turnaround Culture and Values - a focus on SMEs in Europe."
With this in mind, we are seeking proposals for the panel sessions which last 45 minutes each and also speaker sessions which last 30 minutes.
If you would like to submit a proposal please complete this form
to Mandy Caruana. Deadline for submissions is Friday 6 November 2015.
Turnaround Professional with Distressed Debt experience required
TMA Europe and Globe Law and Business are on the search for a CONSULTING EDITOR for a co-publication on Distressed Debt in Europe.
The Consulting Editor will work closely with the Globe Law and Business editor to produce the book
The main responsibilities for the Consulting editor would be:
1) Draft the table of contents for the book and work with Globe Law and Business to refine it.
2) Draw up a list with the help of the GL&B editor of preferred candidates for the book. Suggest preferred candidates for each chapter.
3) Overview of each Chapter to ensure that all is on track. Review chapters when they deliver.
All other administrative and editorial tasks will be managed by Globe Law and Business.
If you are interested in becoming the Consulting Editor for the first ever co-publication on Distressed Debt in Europe then please contact Mandy Caruana.
The Consulting Editor's name will be published on the front cover of the book and will also be included in all marketing activities associated with the book.
The latest on the Small Business, Enterprise and Employment Act 2015: Restructuring and Insolvency
More important changes to the Insolvency Act 1986 (IA86) and other insolvency- related legislation come into force this week (1 October 2015) as a result of the Small Business, Enterprise and Employment Act 2015 (SBEEA 2015).
Administrators now have the power to issue proceedings for wrongful or fraudulent trading.
S117 SBEEA 2015 brings in line the powers of liquidators and administrators to bring such proceedings and inserts new s246ZA, s246ZB and s246ZC into the IA86. Read more...
The Small Business, Enterprise and Employment Act 2015: Restructuring and Insolvency
Following Parliamentary approval in March 2015, this Implementation Timetable sets out the key dates and changes which have been published to date on the insolvency provisions of the Small Business, Enterprise and Employment Act. This timetable was updated in October 2015.
We will, of course, provide confirmation and updates as and when further guidance is published.
The Small Business, Enterprise and Employment Act
When will the insolvency-related provisions come into force?
Following Parliamentary approval in March 2015, there has been a level of uncertainty around the implementation timeline for certain company law and insolvency provisions. Read more...
|2015 TMA Chairman's Award Recipient Announced at The 2015 TMA Annual
Jukka-Pekka Joensuu, of Corenet, is the recipient of the 2015 TMA Chairman's Award, announced during the Rise and Shine: TMA Awards Breakfast at The 2015 TMA Annual on October 6th in Scottsdale, Arizona. Joensuu is honored for his outstanding leadership in solidifying TMA's presence outside of North America. His dedication and hard work have been catalysts for the immense success of TMA abroad.
Joensuu's peripatetic ways, as VP of International, took him to many places to discover where interest in restructuring lies. He has guided interested groups of professionals all over Europe so that they could form TMA chapters, resulting in dramatic chapter growth in Europe. He attends TMA events all over the world, including TMA Global and regional conferences, as well as Chapter events, large and small.
Aristophil: was a "Ponzi" stunt at the root of the collapse of a collection specialising in letters, autographs and manuscripts?
by Antoine Adeline & Alexandre Le Ninivin, Squire Patton Boggs
A scandal in the world of letters, autographs and old manuscripts would not have gone unnoticed and the case of Aristophil promises to lead to extensive press coverage. A massive fraud, thousands of works, 20,000 investors and hundreds of millions of euros at stake.
A very (perhaps too attractive) investment in letters, autographs and manuscripts.
In the 2000s, G�rard Lh�ritier created a company called Aristophil with the goal of propositioning anyone to invest in the collections of letters and old manuscripts, with the promise of a return of more than 8% each year; this investment being out of the field of the French Solidarity Wealth Tax. Read more
Register Today for the TMA 2015 Asia Pacific Conference
TMA is hosting its first Asia Pacific Conference November 19-20, 2015, at The Westin Singapore in Singapore. This conference will provide delegates with the platform to hear and discuss restructurings in Asia that have made an important impact on our industry, as well as what the future may hold.
Join colleagues from around the world, including Singapore, Hong Kong, Australia, Indonesia, Malaysia and the U.S. to discuss recent developments, latest trends and opportunities in our industry.
TMA UK Annual Conference
The Award winning TMA UK Conference will take place on 12th November at the Royal College of Physicians in Regent's Park in London.
Last year's conference was awarded the Most Innovative Event of 2014 and featured Lord Leigh and Lord Glassman as the keynote speakers and we ended the day with Simon Weston. We were fortunate enough to sell out two weeks before the conference, which was attended by nearly 200 delegates from 100 organisations.
This year's theme is Managing Talent and we have lined up an impressive array of speakers and panellists. The two panels will look at Managing Creative Talent and Managing Talent in Disruptive Industries.
The speakers include: Judge Kevin Carey; Elizabeth Clark; Ian Gray; Rainer Hersch; Manley Hopkinson; Sir Ian McGeechan; James Murray; Byron Nurse; Chris Parkhouse; Fraser Pearce; Adam Plainer; Dr Mike Rugg-Gunn; Cilla Snowball CBE; Rosemary Squire OBE; Peter Waine & James Wheeler.
The TMA UK's conferences are of the highest quality and there are still a few sponsorship opportunities left. These are for firms seeking an involvement in building the TMA and benefiting from its cross border global network.
To assist you with all this Education and Networking we will start at 8am with Breakfast. Other networking opportunities are in the mid-morning, Lunch and mid-afternoon breaks. The day ends with a Champagne Reception.
Priority booking for TMA members is now open. Delegate Prices are �350 + VAT (member rate) - �250 + VAT if you are from an overseas TMA Chapter. Book now.
TMA Netherlands Board Changes
In the general meeting of members of TMA Netherlands, it was agreed that the President, Mr Edwin den Boer, would extend his Presidency by two years, up to and including September 2017.
It was also agreed that Mr John van Thiel, NTAB, would strengthen the Board of TMA Netherlands as of 16th September 2015 for a period of 4 years. The board now exists of 7 members.
TMA Netherlands Annual Dinner
The Annual TMA (Netherlands) dinner will take place on 11th November 2015 at 6pm at Restaurant Aan de Poel, Amstelveen, The Netherlands.
Mr Stephen Taylor, a highly experienced CRO, will be the key note speaker during the 12th annual TMA (Netherlands) dinner. Among other projects, he was involved in the restructuring of VION and SAAB.
He will give us his vision on the role of the CRO, accompanied by examples from his practice from over the last 25 years, and views on how that role will develop in the future.
The dinner will be sponsored by NTAB.
Mark Your Calendars for the TMA 2016 Distressed Investing Conference
Be sure to attend the TMA 2016 Distressed Investing Conference taking place February 17-19, 2016, at the Four Seasons Hotel in Las Vegas, Nevada. Last year's conference set the record for attendance, and we know this year will be even more of a success. Connect with deal partners, meet with capital providers at the Turnaround Capital Forum, and network with fellow distressed investing professionals.
Submit TMA Europe Newsletter Articles
Submit articles for consideration for the next TMA Europe Newsletter to Mandy Caruana by Wednesday, 11 November 2015. Suggested topics include TMA Europe events, activities, or announcements.
TMA Europe Sponsors
Apply for European CTP now!
Become accredited with CTP, the turnaround kitemark of quality. The EACTP certification programme is now open for applications.
EACTP are pleased to welcome new members:
Susan Kelly, Squire Patton Boggs, UK
George Charalampous, Hellenic Bank, Cyprus
2016 TMA Europe East European Conference Sponsors
TMA Czech Republic Annual Conference
TMA Netherlands Annual Dinner, Amstelveen,
TMA UK Annual Conference
TMA Germany Annual Conference, Frankfurt a.M, Germany
TMA Asia Pacific Conference, Singapore
TMA Distressed Investing Conference, Las Vegas
TMA Europe East European Conference
Prague, Czech Republic
19 April 2016
2016 TMA NOW Summit, New York City
TMA Europe Annual Conference, Rome, Italy
29 September 2016
TMA Europe Distressed Investing Event, London, UK
TMA Europe Chapter Websites
France (not yet available)
Ireland (not yet available)
TMA International Affiliates