TMA Europe

Friday 29 July 2016  |  TMA Europe  |

TMA Europe announce keynote speaker for distressed investing event in September

The Managing Editor of Debtwire Europe, Robert Schach, will give the keynote speech at TMA Europe's distressed investing conference in London this September.
TMA Europe's fifth annual event dedicated to the distressed investing market takes place on Wednesday, 28 September and will specifically focus on where the distressed debt market is going and what buyers, sellers and advisory professionals need to know to best handle it.
Mr Schach, who manages Debtwire Europe's editorial team in London overseeing the leveraged loan, high yield, restructuring, sovereign, Spain, Nordics and mid-market desks, will address the conference on the latest issues surrounding non-performing loans in Europe. He will speak about the scale of the problem and the jurisdictions most affected as well as the progress being made and the changes being seen.
Mr Schach, who joined Debtwire in 2007, becoming Managing Editor in 2012, will comment on ongoing banking issues that may be affecting the work-out of NPL's as well as on the European Banking Authority's appraisals of reserve adequacy. He will also highlight some of the regulatory changes underway across Europe to overhaul insolvency regimes.
His speech will be followed by a panel discussion chaired by Petr Smutny, of PwC Prague, looking at corporate NPLs in central and Southern Europe, which will see panellists from leading funds and banks giving their practical insight on where the action is and where opportunities lie for professionals.
There will also be a second panel debate covering evolving processes in the EU, including the introduction of a better consensual process in the UK, and the impact these may have on NPL work-out.
Alan Tilley, TMA Europe board member, who will chair the second panel session, said: "The conference offers a great opportunity for anyone working within the distressed debt market to hear first hand from the experts on the latest developments within the field.
"With Brexit uncertainty and Italian banking issues there is plenty going on in the market to consider. I am particularly looking forward to hearing Robert's observations on the ongoing NPL saga and evolving banking issues for distressed investing and the opportunities he sees coming up. He is ideally placed to offer delegates an up-to-date and independent overview of how these factors are playing out across Europe, which should help us all work out how to best position and prepare ourselves to take advantage."
The event is being hosted by Taylor Wessing at its offices on 5 New Street Square. It will run from 4pm until 8pm.
For full details or to book online see 
TMA Europe
2017 TMA Europe London Conference - Volunteers needed

We have a very exciting and ambitious programme for 2017. We are looking for people to be actively involved and are looking for volunteers. 
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EACTP Brexit report

The first EATP networking event took place on 29th June in London, hosted by Squire Patton Boggs. Wolfgang Maschek from their Belgium office, set the scene. He then joined the panel of Jens Rinze, a colleague from Germany, Jukka-Pekka Joensuu (EACTP President, Finland), Lukas Fecker (TMA Europe President, Switzerland) and Ian Gray (EACTP Board Member, UK).

Wolfgang outlined the background, noting the half-truths and uncertainty leading up to the Referendum and that this was as nothing compared to the uncertainty today as a result of the Leave vote. These are unchartered waters not only for the UK, but for the other 27 member states. Despite the slim 52% to 48% majority, all political parties have said they will abide by the result, even though two thirds of MPs were in favour of Remain and the Referendum is not legally binding. Indeed, although at 72% the turnout was the highest since 1992, this still only meant that 37% of eligible voters voted Leave. Moreover, the Referendum is still subject to the sovereignty of Parliament and Article 50 of the Lisbon Treaty requires an Act of Parliament. 
EACTP response to the Insolvency Service Consultation
The EACTP submitted a response on 5 July to the UK Government's consultation on new insolvency laws.

Please read EACTP's  letter and response
Enterprises in an unstable economy

An EACTP member and Deputy of the Standards and Admissions Committe, Piotr Bieniasz, co-authored the book "Enterprises in an unstable economy".

Please read more.

Journal of Corporate Renewal Highlight

A person or corporation that "resides or has a domicile, a place of business, or property in the United States" may file a bankruptcy petition in a U.S. Bankruptcy Court. Given that U.S. courts have taken an expansive view of their jurisdiction under this portion of the U.S. Bankruptcy Code, there has been an increase in the number of bankruptcy cases filed by non-U.S. debtors in the United States in recent years.
Read more  of this article by Nava Hazan, Susan Kelly, and Mark Salzberg of Squire Patton Boggs. 
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Submit articles for consideration for the next TMA Europe Newsletter to Mandy Caruana by Wednesday 17 August 2016. Suggested topics include TMA Europe events, activities, or announcements. 


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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/IDD/ 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 [email protected]

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