Monday, June 30, 2014  |  Turnaround Management Association  |  turnaround.org
Registration Open: 2014 TMA Europe Distressed Investing Conference

Tuesday 23 September 2014
16:00 - 20:00
Ernst & Young
1 More London Place
London SE1 2AF
 
Join leading restructuring experts for an evening of informative talks and debates. The third annual TMA Europe Distressed Investing Conference focuses on distressed loan portfolio divestment opportunities and risks, with prominent turnaround professionals leading two panel debates exploring issues of pricing, valuations, workouts, and pressures. 
 
With ample networking opportunities also on offer, the event is sure to be of value to anyone working in the distressed investing field.
 

TMA Europe East European Event Recap
 
TMA Europe held its first ever conference for Central and Eastern Europe (CEE) in Bucharest on 15 May, which brought together more than 100 attendees from the big law firms, the Big Four accountancy firms, and the central banks, to work together to find a solution for the banking crisis.
 
The conference was the brainchild of Lukas Fecker, who is currently working with Ernst & Young's pan-European bank restructuring practice. The meeting's theme was "After the Apocalypse: Rebuilding Strong Financial Platforms for the Upturn in Central Europe" and was generously hosted by the National Bank of Romania.
 
It was fitting that the Romanian central bank played such a role, since it is one of the most progressive forces in finance in the region and aspires most closely to Western concepts and standards of governance. This is significant, given the recent entry of Romania into the European Community and its difficult exit from Communist rule in 1989.

 

Read more about the East European Conference.


TMA Europe 2014 Turnaround of the Year Awards
 
Turnaround of the Year, Large Company: Solarworld AG in Germany
Houlihan Lokey Team: Ansgar Zwick, Niklas Lerche, Michael Schober, Bastian Lindner, Benjamin Laufer

Turnaround of the Year, Small Company: Bestsport in Czech Republic
Petr Smutny (PwC), Jan Hrazdira (HKDW Legal), Tomas Richter (Clifford Chance), Jindrich Arabasz (Clifford Chance), Radim Base (PwC), Libor Doudera (HKDW Legal)

Learn more about the 2014 winners.
The TMA Annual: Launch Toward Change 

Register for The TMA Annual, taking place September 29 - October 1 at the Westin Harbour Castle in Toronto, Ontario, Canada. The event features abundant networking opportunities, including the Hockey Hall of Fame Reception; timely education panels; presentation of the TMA Turnaround and Transaction Awards; and more. 
 
Networking receptions before the Opening Reception include the International Reception, TMA Certification Reception, TMA NOW Reception, and TMA NextGen Reception. 
 
Learn more at thetmaannual.org.
 
 
JCR Article Spotlight: When the New Sheriff Comes to Town: Michigan's Emergency Manager Law


Fiscal deterioration impairs, if not destroys, a municipality's ability to provide essential services for the health, safety, and welfare of its constituents and a fundamental education for its children. Providing clean water, lighted streets, blightless neighborhoods, and police presence are only part of its sine qua non.

 

When a municipality can no longer deliver a suitable quality of life to its citizens, should a new "sheriff" be brought in to clean up the town? Michigan's Public Act 436 of 2012 allows for just such an appointment and gives that sheriff a bigger and brighter badge to wear. But does replacing an elected official with an appointed manager create order from chaos or simply more chaos?

 

Get the answer. Read more of the article by Daniel J. Weiner, Esq., & Jeffery J. Sattler, Esq., Schafer And Weiner PLLC.

 

Download the June digital issue of the Journal of Corporate Renewal to read on your desktop, smartphone, or tablet.


JCR Available on the App Store          JCR Available on Google play
Next Week: TMA Western Regional Conference in Laguna Beach, California

 

There's still time to register for the TMA Western Regional Conference taking place July 9-11 at the St. Regis Monarch Beach Resort in Laguna Beach, California. Learn more at tmawesternregional.org

 

Hosted by the Arizona, Northern California, Rocky Mountain, and Southern California Chapters, the TMA Western Regional Conference focuses on the theme "Coming About: Navigating Through a Crisis." Join the leading restructuring professionals from the Western region to network, golf, take a bike tour of Newport Beach, learn about the changing industry, and much more.

 

Upcoming Chapter Events

 

Tuesday, July 1
Summer Fun at the Fest (Chicago/Midwest Chapter)
Welcome Newcomers
TMA extends a warm welcome to the newest members. A few new members are featured below. See the full list.
 
Sush Bapna (United Kingdom Chapter)
Michael Boone, Houlihan Lokey (Dallas/Ft. Worth Chapter)
Kate M. Bradley, Brouse McDowell LPA (Ohio Chapter)
Scott J. Calvert, Rivet Software (Rocky Mountain Chapter)
Julien Coustaury, Fil Rouge Capital (International)
Paul M. Davis, Andrews Kurth LLP (Houston Chapter)
Giuseppe Fumagalli, Argus Group (Italy Chapter)
William James Hill, Amtrak (Philadelphia Chapter)
Edward Ransome, Endless LLP (United Kingdom Chapter)
Jaz Stafford, FRP Advisory LLP (United Kingdom Chapter)
Recent Deals, Transactions, and Other News  
  • North Mill Funds A-E Packaging Factoring Facility (more) 

  • Hilco Valuation Services Announces Formation of Hilco Diligence Services (more)
  • Bibby Financial Provides Temporary Staffing Agency Facility (more)
  • CIT Agrees to Acquire Direct Capital (more)
  • Square 1 Bank Provides Vascular Pathways Facility (more)  

 

View additional member deals and transactions.
To share your organization's news, email us.
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TMA Global Events

September 29 - October 1

The 2014 TMA Annual

Toronto, Ontario

 

February 11-13, 2015

TMA Distressed Investing Conference

Las Vegas, Nevada

Journal of Corporate Renewal

Download the May issue of JCR, now available online and as an app for your tablet or phone.  

TMA Weekly Report is the official weekly newsletter of the Turnaround Management Association, the leading organization dedicated to corporate restructuring, turnaround management, and distressed investing. Established in 1988, TMA has more than 9,300 members in 49 chapters around the world.

To sponsor TMA Weekly Report, please contact Suzie Smith at ssmith@turnaround.org or 410-584-1975.