TMA Europe

Friday 29 April 2016 | TMA Europe | www.tma-europe.org

Expert panellists to debate topical turnaround issues at TMA Europe conference

The role a founding entrepreneur plays in the turnaround of an SME will be deliberated by an expert panel at TMA Europe's annual conference in Rome.

The event, now in its ninth year, being held on 9 and 10 June at the Grand Hotel Plaza in the heart of the historic city, will see leading figures from the fields of turnaround and restructuring taking part in a series of speeches, panel debates and presentations.

The conference will include five panel sessions discussing some of the major challenges the industry faces from equity cram-down to NPL resolution efforts as well as debates on the specific issues involved in the turnaround of SMEs.

Marco Ghiringhelli, a senior director with Alvarez & Marsal Restructuring in Milan, who has more than 23 years of senior-level, hands-on management experience as both general and financial manager and corporate finance adviser, will chair the session considering the role of a founding entrepreneur or manager in a turnaround.

Mr Ghiringhelli, who as a chief restructuring officer and interim manager has led financial and operational restructuring of listed and private companies across a wide range of industries, said his panel would be specifically discussing whether a founding entrepreneur was an asset or a liability in a turnaround process.

He said: "The distinction between management and shareholders in an SME or family business is often blurred. The panel will be looking at the issues this raises for turnaround professionals, and how compatible this business model is with the turnaround values and multidisciplinary skills required for a successful work-out. We will also be considering what role a manager or entrepreneur should play in a turnaround or a succession process, and also what role there is for the founder's culture and core values."

Discussing these issues as panellists will be Thomas Welte, a partner of Autaco in Germany; Domen Prasnikar, managing partner of Valior Financial Advisory in Slovenia; Nick Moser, partner of Taylor Wessing in the UK; Jimmy Clarini, partner of Entriage in Italy; and Georgios Charalampous, of the Hellenic Bank in Greece.

The annual TMA Europe conference has become one of the industry's leading events for turnaround professionals, with last year's event in Stockholm attended by more than 170 delegates.

It is the ideal opportunity for colleagues from across the continent to get together and share ideas and best practice, as well as learn about key developments in turnaround management.

For full details or to book your place see www.tma-europe.org/annual-conference

Where Global Comes Together

Plan to attend The 2016 TMA Annual taking place November 2-4 at Disney's Yacht Club Resort in Lake Buena Vista, Florida.

This year's conference presents top-tier professional development and relevant programming, along with several facilitated networking events with fellow attendees.

This is the TMA Global conference that attracts members from around the world. It is truly a global event.

Taste your way around the world at the Epcot International Food & Wine Festival taking place during The 2016 TMA Annual.

Make plans to book-end your trip and discover delicious global cuisines, wines, and beers. Enjoy tasting and demonstrations from world-famous chefs.

TMA Members Exclusive 10% Discount on Global Restructuring Review subscriptions

Global Restructuring Review (GRR) is an information service providing cross-border insolvency and restructuring news, features and events.

GRR provides concise, high quality information covering only the most important cross-border insolvency and restructuring cases.

We will keep you on top of the international dimension and give you a clear path to all the developments that matter.

Information you can trust

Cross-border court rulings
New and proposed legislation and soft law
Global community news
Marketplace rankings
Live event reporting
Analysis of hard-law cases
Profiles and interviews

Online. Print. Mobile. Live. Subscribe now

As a TMA Europe member, you'll receive a 10% discount on an Individual subscription.

Find out more about GRR: http://globalrestructuringreview.com

2016 Turnaround of the Year Awards - Call for Entries

Entries have opened for TMA Europe's prestigious annual Turnaround of the Year Awards.

The awards, which are now in their fifth year, aim to celebrate the achievements of the individual or team of TMA turnaround professionals who have orchestrated the most successful recovery of a struggling company.

There are two categories, one for a small company whose revenue at the onset of the turnaround was less than 100 million Euros, and one for a large company whose revenue at the onset of the turnaround was more than 100 million Euros.

Submissions for the awards are assessed on the main actions taken to bring about around the turnaround, the issues that arose and how they were overcome, as well as the eventual outcome.

The winners of the awards will be announced at TMA Europe's pre conference banquet being held this year at the Grand Hotel Plaza in Rome, Italy, on 9 June 2016.

The deadline for entries is TODAY.

Submission Guidelines

Submission Template

For more information please contact mcaruana@tma-europe.org.

EACTP launches new networking initiative

The European Association of Certified Turnaround Professionals (EACTP) is holding its inaugural networking event in London this summer.

The event on Wednesday 29th June is being hosted and sponsored by Squire Patton Boggs and will be held at the firm's offices at 7 Devonshire Square from 5.30pm.

The theme for the evening will be Brexit, with a presentation and panel of experts discussing the result of the previous week's referendum asking did we vote the right way and analysing what the consequences might be.

Wolfgang Maschek, who leads Squire Patton Boggs' EU Public Policy Practice in Brussels, will give the presentation, and the panel will be chaired by Ian Gray, Chair of EACTP's Standards and Admissions Committee. Also on the panel will be EACTP President Jukka-Pekka Joensuu, TMA Europe President and EACTP Fellow Lukas Fecker and Dr Jens Rinze, a Partner of Squire Patton Boggs who heads the German Financial Services Practice.

Chapter Executive Award - TMA UK - Nyree Magill - The winner!

Each year TMA Global awards a Chapter Executive to recognise the outstanding work that this Chapter Executive has done for their Chapter. The 2015 Chapter Executive Award goes to Nyree Magill, TMA UK Chapter Executive. Well done Nyree!

Asia Economic Outlook

Please see here a presentation from the American Society of Association Executives Great Ideas Asia Pacific conference: Economic Outlook for Asia Region

Will the EU Regulation's March 2014 recommendation to adopt more flexible pre insolvency processes affect the UK?

In March 2014 the European Commission published its recommendation on "a new approach to business failure and insolvency" which set out minimum standards for a restructuring framework in each member state. The broad market reaction in the UK was mixed ranging from supportive from those sectors favouring facilitation of consensual restructuring ahead of formal process to "it ain't broke don't fix it", particularly from the Insolvency profession. The latter view was the dominant view in the UK Government response of March 2015. Read more...

INSOL International Conferences & Seminars

Exceptional speakers and delegates from the world's foremost legal, accounting and turnaround firms.

Unrivalled opportunities to network and knowledge share with senior personnel within the restructuring and insolvency industry. Read more...

Submit TMA Europe Newsletter Articles

Submit articles for consideration for the next TMA Europe Newsletter to Mandy Caruana by Wednesday 11 May 2016. 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.

New Members:

Sami Atalalo

Christiaan Crouwers

Roelof Bakker

2016 TMA Europe Annual Conference Sponsors

Data Partner

New TMA Publication:

"Investing in Distressed Debt in Europe: The TMA Handbook for Practitioners"

TMA Europe has a co-publication with Globe Law and Business, http://www.globelawandbusiness.c

om/I DD/ and Globe Law and Business is ready to take pre-orders for the book. TMA members get a 20% discount and all pre-orders should be emailed to Sian@globelawandbusiness.com

Upcoming Events

4 May 2016

TMA UK East Midland, Birmingham, UK

18 May 2016

TMA UK East Midlands, Nottingham, UK

18 May 2016

TMA UK Wales & SW, Southampton, UK

25 May 2016

TMA Netherlands Spring event, Utrecht, Netherlands

9-10 June 2016

TMA Europe Annual Conference, Rome, Italy

29 June 2016