INSOL 2017
Tenth World Congress
19 – 22 March 2017
International Convention Centre
Sydney, Australia
Sponsored by:
Contents
Welcome from The Prime Minister
3
INSOL 2017 Main Sponsors
4
Congress Co-Chairs’ Invitation
5
Technical Co-Chairs’ Invitation
6
Welcome from The Premier
7
Accompanying Persons Lunch / Moot
8
Ancillary Meeting Programme
9
Ancillary Meeting Offshore Programme
10
Congress Technical Programme
12-18
Congress Sponsors
19
Delegate Registration Form
20-21
Designated Hotels
22
Registration Information
23
General Information
24
Tours
25
INSOL 2017 Committees / Continuing Professional Education
26
Group of Thirty-Six
27
Member Associations
28
For further information please contact:
Congress Registrations
Heather Callow
INSOL International
6-7 Queen Street
London EC4N 1SP UK
Congress Manager
Tina McGorman
INSOL International
6-7 Queen Street
London EC4N 1SP UK
Tel: +44 (0) 20 7248 3333
Fax: +44 (0) 20 7248 3384
Email: heather@insol.ision.co.uk
Tel: +44 (0) 20 7248 3333
Fax: +44 (0) 20 7248 3384
Email: tina@insol.ision.co.uk
Congress Venue
International Convention
Centre Sydney
Darling Drive
Darling Harbour, Sydney
New South Wales 2000
Hotel Reservations
Four Points by Sheraton Sydney, Darling Harbour
161 Sussex Street, Sydney
New South Wales 2000
Australia
Hotel Reservations
The Westin Sydney
1 Martin Place, Sydney
New South Wales 2000
Australia
Tel: +61 (0) 2 9290 4000
Tel: +61 (0) 2 8223 1111 Web Link:
https://www.starwoodmeeting.com/events/start.
action?id=1601124823&key=26BF458C
Web Link:
https://www.starwoodmeeting.com/events/start.
action?id=1605201823&key=24ECE2EE
Contact: louise.cook@fourpoints.com
Contact: sally.richards@westin.com
2
PRIME MINISTER
MESSAGE FROM THE PRIME MINISTER
10TH QUADRENNIAL CONGRESS OF INSOL INTERNATIONAL 2017
It is with great pleasure that I welcome the 10th Quadrennial Congress of INSOL
International to Sydney.
We are living through the most exciting time in history—the pace of change is rapid,
with economic, political and technological trends reshaping the world before our eyes.
The opportunities for international commerce have never been greater or the horizons
wider, and businesses are reaching into new markets accordingly.
I thank you for your interest in creating policy that will see better co-operation and
communication about cross-border insolvency, turnaround and related credit issues.
Getting the regulatory settings right is critical if we want to support a culture of
innovative enterprise within this increasingly complex global marketplace.
I wish you an enjoyable and productive 10th Quadrennial Congress.
The Hon Malcolm Turnbull MP
Prime Minister of Australia
15 February 2016
3
INSOL 2017 Main Sponsors
INSOL International would like to thank the following sponsors for their generous support of the
Tenth World Congress.
Borrelli Walsh is a leading and independent provider of restructuring, insolvency and forensic accounting
services. Borrelli Walsh has offices in Beijing, British Virgin Islands, Cayman Islands, Hong Kong, Jakarta
and Singapore. The firm has played a key role in many of Asia’s largest and most complex corporate
collapses and investigations in recent years. We are proud to be a main sponsor of INSOL 2017.
FTI Consulting is a world leader in restructuring and a leading global business advisory firm dedicated to
helping organisations protect and enhance enterprise value in an increasingly complex legal, regulatory
and economic environment. With over 4,600 employees located in 28 countries, FTI Consulting teams
work closely with clients to provide comprehensive solutions for the most complex business issues.
Grant Thornton’s global restructuring team seamlessly deliver innovative, commercial and practical solutions
to stakeholders in distressed and underperforming organisations, wherever they operate. In Australia, our team
of 15 partners and over 100 dedicated restructuring and insolvency personnel have an outstanding reputation
for integrity, technical excellence and innovation with the proven capability to perform the most complex of
assignments in the most demanding of situations. Grant Thornton is excited to support INSOL 2017 in
Australia, which will see the best and brightest in the field gathering to evolve the reform agenda.
Henry Davis York is a leading Australian commercial law firm with an internationally recognised insolvency
and restructuring practice committed to supporting insolvency and turnaround professionals restore the
economic value of underperforming businesses. Our partners lead the way in providing commerciallybased solutions to achieve the best business outcomes for our clients. HDY is proud and delighted
to be a main sponsor of the INSOL 2017 Quadrennial.
Lipman Karas is a specialist investigative litigation practice with a proven track record in the most
challenging insolvency and litigation projects throughout Asia Pacific and around the world. We work
closely with our clients and other professionals to achieve outstanding results. We are proud to support
the development of international insolvency practice through our sponsorship of INSOL 2017.
4
Invitation from Congress Co-Chairs’
It gives us great pleasure to invite you to Sydney, Australia to attend the Tenth World Congress of INSOL
International.
INSOL’s mission with its Member Associations is to take the leadership role in international turnaround,
insolvency and related credit issues, facilitate the exchange of information and ideas, and encourage
greater international co-operation and communication amongst the insolvency profession, credit
community and related constituencies.
INSOL seeks to achieve this mission through its annual conferences in the different regions of the world
and through the Quadrennial World Congress. Each Congress has exceeded the previous one in terms of
the excellence of the technical programme and social events. We are confident INSOL 2017 will exceed all
expectations, not only through the quality of its international technical programme but also through the
truly superb social events we have planned for you.
Themed “Embracing Change”, delegates attending the Congress will include accountants, lawyers,
judges, regulators, academics, lenders, restructuring and turnaround professionals, insolvency experts and
alternative capital providers from around the world. Previous World Congresses have attracted delegates
from over forty countries and we hope to attract over 800 of the best and brightest professionals in our
field to Sydney.
The INSOL Congress presents not only a unique opportunity to share knowledge and experiences, but
also to make new contacts throughout the world. We aim to deliver the most innovative Congress to date,
with true diversity at the heart of every session and the most engaging of expert speakers and panellists.
We would like to take this opportunity to thank all of the committee members and INSOL administration
team who will be working so hard in the run up to the Congress and also for the support of the host
Member Association, the Australian Restructuring Insolvency and Turnaround Association (ARITA).
Finally, a word of thanks to our main sponsors: Borelli Walsh, FTI, Grant Thornton, Henry Davis York and
Lipman Karas. Without their financial and other support and that of all our sponsors of events, functions
and exhibition stands much of what you will experience would not be possible.
Paul Billingham
Grant Thornton
Rhonda McCann
Australia and New Zealand
Banking Group
Leon Zwier
Arnold Bloch Leibler
5
Invitation to Attend the Technical Programme
The theme of INSOL 2017 is Embracing Change.
Change is a constant factor in our lives. Our business structures, the ever-increasing forces of
globalisation, the expectations of our staff, and the legislative and regulatory landscape in which we
operate, are all undergoing review and being subjected to constant change. Advances in technology
accelerate the pace of change and provide unprecedented opportunity for disruptors to have a substantial
impact on markets around the world.
As restructuring professionals, our role is to assist our clients in recognising and responding to changes
in their business environments and to navigate a path to restore value in their endeavours.
To remain relevant as practitioners we must also embrace change in our own profession. We must
challenge ourselves to find ways to better serve our clients, our staff, the business community and the
economy at large.
In adopting the theme of “Embracing Change” for the quadrennial congress in Sydney, we have sought
to capture some of the topics that have an impact upon our clients’ businesses and which illustrate the
changing dynamics within our profession. We have also sought to achieve as diverse a selection of
speakers as possible, whilst ensuring we make that selection from the pool of specialist practitioners
who are leaders in their field.
The programme has been set to cater for the diversity of interests, geography and practices that will
attend the congress. There will, of course, be cutting-edge sessions on a number of macro national and
international issues, such as sovereign debt default, bank failure, addressing group insolvency challenges,
the aftermath of international fraud and the complexities of cross-border insolvency. At the same time,
many of the sessions are relevant to practices that are primarily or exclusively domestic in focus.
The congress programme will ensure that practitioners are equipped to face today’s rapidly changing
environment, while at the same time it will enable you to understand and prepare for the issues of
the future.
We look forward to welcoming you to Sydney in March 2017.
j
Peter Gothard
Fellow, INSOL International
Ferrier Hodgson
Technical Co-Chair
6
John Martin
Henry Davis York
Technical Co-Chair
SYDNEY WELCOMES THE 10th QUADRENNIAL CONGRESS OF INSOL
INTERNATIONAL 2017
I am delighted to welcome delegates to the 10th Quadrennial Congress of INSOL
International to Sydney.
Sydney is Australia’s international gateway and a world leader in professional services. It is
Australia’s financial services capital and a leading financial centre in the Asia Pacific, with
access to world
regulatory systems, stable public institutions and a
class
talent,
transparent
time zone advantage. The World Economic Forum recently rated Australia as one of the
world’s most stable global financial systems.
Sydney is also
of a global fintech movement. New co-working and
at the
forefront
collaborative hubs have created a flourishing ecosystem supporting a new generation of
entrepreneurs.
I am pleased that you are able to take advantage of our new International Convention
Centre, which helps make Sydney one of the world’s most desirable meeting and event
destinations. It provides the ideal platform to collaborate and innovate in the heart of Sydney.
I am confident that you will be inspired while you are in Sydney to share your knowledge,
exchange views and explore challenges facing global businesses through this prestigious
forum.
Mike Baird MP
Premier
75
Accompanying Persons Lunch Monday 20th March 2017
An open invitation to all accompanying persons to come spend the day in the beautiful northern beachside
suburb of Manly “7 miles from Sydney and 1,000 miles from care”.
INSOL President’s wife Kylie Robinson and Congress Co-Chair’s wife Jude Billingham, would like to invite
the accompanying persons of delegates to a lunch on Monday 20th March 2017, whilst delegates enjoy
the excitement of the case study at the Congress.
Come join Kylie and Jude for lunch at the delicious Garfish Restaurant on the Manly Harbour Esplanade.
Wander up the pedestrian shopping plaza The Corso from Manly Wharf to Manly Surf Beach. Walk along
the captivating beachfront promenade at Manly Beach. Come make some new INSOL friends.
The plan is for Kylie and Jude to meet the accompanying persons in the City at the Circular Quay Ferry
Terminal at 11.30am. The group will then take the Manly ferry across the breathtakingly beautiful Sydney
harbour to Manly.
On arrival in Manly the group will walk across the road from Manly Wharf to Garfish Restaurant and enjoy
a fabulous three course lunch with wine.
After lunch, those who need to return to the City can catch the next available ferry. For those who want
to continue to soak up the beautiful atmosphere of Manly they are welcome to join Kylie and Jude for
a leisurely walk around Manly and its beaches.
Spaces are limited and we advise you to register early for this event. More details and photographs of the
restaurant can be seen on the INSOL website. The cost of lunch includes three courses and wine. Details
of the cost can be found on page 20.
• Kylie Robinson and Jude Billingham first met as accompanying persons at an INSOL conference held
in Beijing in 2002. They have been great friends ever since.
Ian Fletcher International Insolvency Law Moot 2017
INSOL International, International Insolvency Institute and the QUT Faculty of Law are pleased to
announce that they will co-sponsor an International Insolvency Law Moot Competition to be held prior
to the INSOL 2017 Tenth World Quadrennial Congress in Sydney on 15-17 March 2017.
Mooting competitions develop the art of appellate advocacy and encourage university students’ interest
in, and knowledge of, a particular area of law. National and international moot competitions run in a range
of practice areas – such as international human rights law, international criminal law and international
commercial arbitration. The Ian Fletcher International Insolvency Law Moot 2017 will provide a unique
opportunity for select universities to participate in a competition dealing with international insolvency
litigation. The moot problem will require consideration of a range of laws relevant to international
insolvencies, including the United Nations Commission on International Trade Law’s Model Law on
Cross-border Insolvency.
The moot is named in honour of Professor Ian Fletcher QC(hc), Emeritus Professor of International
Commercial Law University College London and a world-renowned scholar and author on international
insolvency law. Professor Fletcher led with distinction the INSOL International Academics group from its
inception during the 1990s until 2015. Professor Fletcher is also an invited member of the International
Insolvency Institute and a co-author of its ALI-III report on Transnational Insolvency: Global Principles
for Cooperation in International Insolvency Cases.
For further information contact Professor Rosalind Mason, Queensland University of Technology, at
rosalind.mason@qut.edu.au
8
Ancillary Meeting Programme
The ancillary programmes are scheduled to take place on Saturday 18 March and Sunday 19 March 2017.
The ancillary meetings are not included in the congress registration fee. Each meeting is individually
priced. The ancillary programmes may be subject to change.
INSOL Academics’ Colloquium
Saturday 18 March and Sunday 19 March 2017
8.00am – 9.00am
Delegate registration and continental breakfast
9.00am – 5.00pm
Open meeting
The INSOL Academics’ Group and the Colloquium is chaired by Professor Rosalind Mason, of Queensland
University of Technology. The Colloquium is open to practitioners and others who would like to register to
attend. The Group is highly interactive and will discuss and debate papers presented by leading professors
and emerging academics from around the world. This gives delegates an opportunity to hear the latest
research insights from the academic world. A detailed programme will be made available on the INSOL
website. If you are interested in taking part in this programme please get in touch with Tina McGorman
at tina@insol.ision.co.uk
Twelfth Joint INSOL/UNCITRAL/World Bank Group Multinational Judicial Colloquium on Insolvency
Saturday 18 March and Sunday 19 March 2017
8.00am – 9.00am
Delegate registration and continental breakfast
9.00am – 5.00pm
Closed meeting
Since 1995, INSOL International and UNCITRAL have jointly sponsored a series of unique and important
international Judicial Colloquiums. This is the sixth time the World Bank Group have joined with INSOL
International and UNCITRAL to present the Twelfth Joint Multinational Judicial Colloquium on Insolvency.
These Colloquiums have brought together judges, regulators and judicial officials from around the world
to consider a wide range of insolvency-related issues. These issues have included judicial co-operation
in cases of cross-border insolvency, access to courts by insolvency practitioners and recognition of
insolvency administrations by foreign courts.
The Twelfth Joint Multinational Colloquium has an extremely important agenda. With the growth of crossborder trade, the number of insolvency cases where there are assets in more than one jurisdiction, or
where there are cross-border groups will inevitably increase. The Colloquium will assist participants to
understand the developments in the handling of such cases. It will compare the judicial and juridical
practice in dealing with practical and theoretical issues arising in cross-border insolvency cases in a
number of jurisdictions representing all major legal systems.
The Colloquium is a closed meeting, open to Judges, civil servants from relevant Ministries and judicial
administrators. For further information please contact Penny Robertson at pennyr@insol.ision.co.uk
INSOL Fellowship Alumni Reception & Dinner
Saturday 18 March 2017
6.30pm – 9.30pm
INSOL Fellowship Refresher Programme
Sunday 19 March 2017
9.00am – 2.00pm
by invitation only
Closed meeting
The third annual INSOL Fellows Forum Half Day Programme will be held on Sunday 19th March 2017
preceding the congress. The Forum, co-chaired by Lucas Kortmann of RESOR N.V. and Allan Nackan
of Farber Financial Group, will once again be a highly interactive programme with Fellows both on
the stage and from the floor discussing a range of technical topics and real-world case studies. The
debate will cover the most recent developments in the global world of restructuring and insolvency,
benefitting from the common knowledge and experience of all Fellows present, representing a wide range
of jurisdictions. In addition to the exchange of thoughts, the Fellows Forum provides an opportunity for
networking and sharing. A lunch will follow the Forum. Fellows are encouraged to arrive on Saturday
to attend this and other exclusive Fellows functions.
For further information please contact heather@insol.ision.co.uk
INSOL Fellowship Events sponsored by:
9
Ancillary Meeting Programme
INSOL Offshore Meeting
Sunday 19 March 2017
Main sponsors:
8.00am – 9.00am
Delegate registration
8.00am – 9.00am
Continental breakfast
Sponsored by Maples and Calder
9.00am – 9.15am
Welcome & opening remarks
9.15am – 10.15am
East meets West
Restructuring offshore entities with onshore Asian operations: practical
considerations
The use of offshore structures is common for Asian groups and large businesses.
When such entities become distressed, consideration must be given to the
implications of the cross-border ownership and creditor structure. What are the
practical considerations you need to address, and what realistic or effective role
does “offshore” have when the jurisdiction of incorporation is separated from the
assets by geographic, cultural and legal boundaries?
10.15am – 10.30am
Delegate discussion
10.30am – 10.50am
Networking coffee break
Sponsored by KRyS Global
10.50am – 11.50am
Universalism is dead – a debate
Progress towards a “universalist” approach to dealing with cross-border insolvency
has suffered some notable setbacks in the last 2 years. However, the need to be
able to have effective and efficient mechanisms for dealing with cross-border
structures has arguably never been higher. There is increasing regulatory,
governmental and academic interest in the area, with work taking place on model
laws for cross-border groups at the same time as the existing laws designed to
promote universalism are under review or revision. Is universalism dead, or the
model for the future? A review of the current position followed by a lively debate
between those for and against the concept.
11.50am – 12.05pm
Delegate discussion
12.05pm – 1.20pm
Networking lunch
1.20pm – 2.20pm
Restructuring and insolvency of extractive industries – key issues
The use of offshore holding companies is common in extractive industries such
as oil and gas or mining, where it can facilitate controlling investments in multiple
jurisdictions with complex financing arrangements. Such cases pose significant
challenges for restructuring and insolvency in addition to the market factors driving
the businesses distress. This panel reviews the market trends and explores the
issues that arise.
2.20pm – 2.35pm
10
Delegate discussion
2.35pm – 3.35pm
Old profits and new profits in the liquidation of investment funds
Arguments over retrospective revision of the allocation of profits in investment funds
and recovery of distributed funds where hindsight has shown these to be either
inflated or even completely fictitious are familiar territory for many in the offshore
world. The perennial policy battle between those arguing for certainty on distribution
against those arguing for an equitable distribution between participants has been
illustrated by a series of cases in which practitioners have attempted to balance the
competing interests of stakeholders in recovery of such distributions with the
practicalities of “clawback”. At the same time, the battle over the share of “old profits”
has been joined by a massive rise in the secondary debt market. The motivation and
approach of new participants are often significantly different to the original investors,
which has in turn raised its own issues for practitioners. This panel sets out the latest
developments in the law and the implications for stakeholders and practitioners.
3.35pm – 3.50pm
Delegate discussion
3.50pm – 4.10pm
Networking coffee break
Sponsored by KRyS Global
4.10pm – 5.10pm
Cross-border investigation, tracing and recovery: practical considerations
Whilst the Panama Papers affair may have raised public consciousness of the
difficulties in identifying the principals behind offshore vehicles, this is a familiar issue
for offshore practitioners. The difficulties of obtaining information, tracing transactions
and control of assets and identifying participants are common issues in cases ranging
from economic crime to investigating antecedent transactions. This panel reviews the
current landscape in terms of onshore and offshore limits on confidentiality and crossborder recognition, explores both tested and novel approaches to investigation,
freezing and asset recovery, and considers whether the proposed moves towards
public or private registers of ultimate beneficial owners is feasible or helpful.
5.10pm – 5.25pm
Delegate discussion
5.25pm – 5.35pm
Closing remarks
7.00pm – 10.00pm
Welcome Cocktail Reception
Sponsored by BDO LLP
For delegates and registered accompanying persons
The Technical Programme may be subject to change. For further information please contact
pennyr@insol.ision.co.uk
Small Practice Issues Lunch and Meeting Sunday 19 March 2017 1.00pm – 5.00pm Open meeting
The INSOL International Small Practice Issues Committee under the chairmanship of Hans Klopper annually
holds an open meeting for small practitioners attending the congress, to facilitate the networking prior
to the start of the congress and to discuss the matters important to smaller practices.
Following the success of the technical session introduced during the INSOL Dubai Small Practice Meeting,
an extended Small Practice programme is being put together for INSOL 2017, starting with the networking
lunch and followed by two technical sessions specifically aimed at smaller practices.
The Small Practice Meeting is an excellent opportunity to meet with colleagues from all over the world,
expand your contacts and make good friends. To maximise your connections, don’t forget to book your
ticket for the Small Practice Dinner on Monday night. Details can be found on page 20.
For further information please contact jelena@insol.ision.co.uk
Younger Members’ Reception, Monday 20 March 2017, 5.30pm – 6.30pm
The Younger Members’ Reception is open to delegates attending under the age of 45. Please indicate your
attendance on page 20.
Sponsored by:
11
Congress Technical Programme
Sunday 19 March 2017
12.00pm – 8.00pm
Delegate registration
6.30pm – 7.00pm
New attendees reception
7.00pm – 10.00pm
Welcome Cocktail Reception
Sponsored by BDO LLP
For delegates and registered accompanying persons
Monday 20 March 2017
8.00am – 4.00pm
Delegate registration
8.00am – 8.45am
Continental breakfast
Sponsored by South Square
8.45am – 9.00am
Welcome to Country
9.00am – 9.30am
Congress Welcome
9.30am – 10.15am
Keynote Speech
10.15am – 10.30am
Delegate discussion
10.30am – 11.30am
Oil in a day’s work
Troubled oil company TopOil is already suffering from the global oil price crash
when unexpected events force it into urgent renegotiations with its creditors.
The case study will bring out the key themes and dynamics involved in a global
restructuring, both in the company and in the lender group.
11.30am – 12.00pm
Networking coffee break
Sponsored by RSM
12.00pm – 1.00pm
Breakouts
A1 Oil on troubled waters – how to manage an unexpected blowout through
the use of new restructuring options
The world of the global exploration and production company is tough enough with
the current and recent oil price levels but this is compounded by some significant
operational challenges.
With cash burn at an all-time high even with committed facilities a default looks
likely – assuming that recent events have not already caused one. Can anything
be done to stem the tide? With a myriad of debt instruments and a business all
over the world, in particular US, Canada, Africa and Germany what options does
the board have?
Is Chapter 11 the obvious route or will some of the local joint venture partners
ignore the global stay causing significant loss of value? Could an English Scheme
of Arrangement deal with the issue, or a Canadian CCCA – or is there lurking out
there something new and more suitable – could a combination work best? Is the
listed status of the business helpful in troubled times or is it more of a hindrance?
Your panel are steeped in cross-border restructuring experience and look forward
to sharing views on the particular challenges.
Lots to ponder and no easy answers in this session.
12
A2 When disaster strikes - what are the duties, obligations and expectations
of stakeholders?
An expert panel of international speakers will explore key issues that arise when
a company is confronted with a disaster leading to financial collapse. How do
you mitigate the damage, and what are the key considerations for each
constituency? Where do stakeholders’ interests converge and diverge? How
does a Board of Directors balance these interests?
Topics to be covered include mitigating damage in the press; responsibility by
the Board of Directors to shareholders and creditors; addressing environmental
responsibility including directors’ and officers’ interaction with the government;
potential civil and criminal liability by directors and officers across jurisdictions;
role of insurance and impact on creditor claims; and preservation of the
remaining company.
A3 - Rescue Capital - The value of new money to a distressed situation
Companies get into trouble for all sorts of reasons and some are worth rescuing,
some are not. How a company is restructured and why is always unique, and
how new capital is attracted to a situation that many would run away from
creates an interesting and entertaining study. Roll in a bunch of personalities and
different motivating factors, particularly from the existing lenders who are likely
to take a haircut and then you have a company story that has many twists and
turns. If the company is worth saving and past lenders and new investors have
a common desire to get the company going again then the scenario for rescue
capital makes sense.
Join a panel of experts who rescue companies for a living and learn how they
approach providing new capital to a very unique and relevant situation.
1.00pm – 1.15pm
Delegate discussion
1.15pm – 2.30pm
Networking lunch
Sponsored by hww hermann wienberg wilhelm
2.30pm – 3.30pm
Breakouts
B1 Swelling the insolvent estate: asset-tracing and recovery in the
post-Panama universe
Restructuring, especially in emerging markets, can involve dealing with fraud
and concomitant asset tracing in far flung jurisdictions. Initial forensics and
data preservation is often the first step, but human intelligence through whistleblowers and the disgruntled is a legitimate recovery strategy. How do
appointment takers preserve the scene of the crime?
International finance is routinely structured through offshore vehicles which
stimulate growth and investments globally for the benefit of aggressive hedge
funds and private equity on the one hand, to the most conservative of pension
funds on the other. But, what if some of the benefits of offshore structuring is
being exploited by the unscrupulous? How does an appointment holder break
down the barriers of secrecy/confidentiality in these circumstances? What
information will be available? Who holds it?
Do international mutual legal and/or tax assistance treaties assist?
13
B2 A Hitch Hiker’s Guide to forum shopping
The choice of forum in international cross-border insolvency presents
stakeholders and those advising them with both threats and opportunities.
Though the increasingly universalist approach to insolvency in some major
jurisdictions is intended to promote the objectives of creditors as a whole, in the
absence of harmonisation of domestic insolvency law the choice of forum may
have a significant impact on the outcome of a restructuring or liquidation.
Your distinguished international panel will consider the factors likely to influence
the choice of forum, and who makes the choice; the circumstances giving rise to
a choice of forum (how/when they can be changed); the extent to which the Model
Law or cross-border protocols, can reduce the impact of forum choice; whether
Courts compete for insolvency filings; and is forum shopping good or bad?
B3 Group next (or not): continuing challenges in the treatment of enterprise
groups in insolvency
Perhaps the most perplexing issues and most significant challenges still facing
international insolvency law remains the unresolved question of the treatment
of enterprise groups in insolvency.
One of the principal difficulties with achieving a coherent set of agreed rules for
group insolvencies is that group treatment stands contrary to and on a collision
course with the cherished legal concept that each entity in an enterprise group
has its own separate legal identify, its own jurisdiction of incorporation (and
registered office) and its own Centre of Main Interests (“COMI”). Accordingly, in
a world where most international commercial entities have substantial operating
and financial interconnectedness with their “affiliates” the world over, adopting
a regime for treatment of groups in insolvency creates several challenges. The panel addresses the tensions in international insolvency law that arise
when resolving the issue of the treatment of enterprise groups and in doing
so, the panel will survey existing and proposed mechanisms for resolution.
The discussion will also focus on whether groups will be ‘next’ in the agenda
or whether the international insolvency community will continue uncomfortably
to wrestle with this issue for the foreseeable future.
3.30pm – 3.45pm
Delegate discussion
3.45pm – 4.15pm
Networking coffee break
Sponsored by RSM
4.15pm – 5.15pm
Plenary session – concluding the case study
5.15pm
Close
5.30pm – 6.30pm
Younger Members’ Reception
Sponsored by Goodmans LLP
7.00pm – 10.00pm
Small Practice Dinner
(Ticketed event please see page 20)
14
Tuesday 21 March 2017
8.00am – 10.00am
Delegate registration
8.00am – 8.45am
Continental breakfast
8.55am
– 9.00am
Welcome Back
Plenary session
9.00am
– 9.45am
Après nous le déluge: municipal debt, sovereign debt – what’s next?
From major municipalities such as Detroit and Atlantic City, to territories such
as Puerto Rico, to sovereign states such as Greece, Cyprus and Ukraine,
financial pain continues to spread and debt restructuring is the order of the
day. However, while practitioners rely on bankruptcy legislation to frame the
restructuring of debts of commercial enterprises and municipalities, there is
no equivalent framework for non-municipal territories or sovereign borrowers.
The recent development by the UN of a set of principles for sovereign debt
restructuring is the latest attempt to form the basis for a workable framework
of the future, but there remain powerful voices against incorporating these into
a workable international treaty.
The current vacuum has regularly resulted in a failure to stabilise economies
of defaulting territories and nations. Comparing and contrasting the approach
to debt restructuring of municipalities with that of non-municipal territories and
sovereigns presents some interesting lessons in relation to the effectiveness
of restructuring outcomes. A moderated discussion with two experienced
practitioners involved in sovereign and municipality restructuring will provide
important insights into the challenges faced and how such restructurings are
likely to develop in the future.
9.45am – 10.00am
Delegate discussion
10.00am – 10.15am
Delegates to move to breakout sessions
10.15am – 11.15am
Breakouts
C1 Financial sector restructuring: the problem with giants and zombies
The impact of the traumatic events of 2008 are still with us in the form of artificially
low interest rates, ever-increasing regulation and capital requirements - as well as
a popular and media distrust of the financial sector in general and “bankers” in
particular. The impact has gone way beyond the financial sector itself and has
caused major disruption to the wider economy – in certain cases it has triggered
sovereign debt restructurings and has even spilled into the democratic process.
This session will examine whether the “Too Big to Fail” problem has been or is likely
to be resolved as well as the problem of the many zombie banks around the
financial world.
Acronyms have proliferated such as MREL and TLAC and there will be some
reference to what they all mean. But this will be essentially a practical session
to examine the various methods to solve the problem both individually and as
a whole – including insolvency, bail-in and other resolution methods.
15
C2 The influence of culture on cross-border insolvency and restructuring
The globalisation of finance has significant implications for the insolvency
practitioner looking to assist clients in navigating foreign waters. In some countries
a key consideration that foreign practitioners have to deal with is the cultural
practices that influence how insolvency cases are resolved? In particular, how does
culture impact on the law, negotiations, tactics and even judicial approaches to
insolvency and restructuring?
Featuring a panel of experts from around the world, this session will take you on
a tour of the cultural opportunities and pitfalls of trying to ‘get the deal done’ in
different parts of the world.
C3 Litigation funding – key considerations
Third party litigation funding is an increasing feature of commercial litigation.
This panel will discuss the legal and commercial considerations, that need to be
accommodated in order to achieve funding arrangements, that maximise access
to justice and, in the insolvency context, advance the interests of creditors.
In particular the panel will address the concerns of judges in ensuring a balance
is achieved between the interests of creditors, funders and the integrity of the
litigation process and how those concerns can be met.
11.15am – 11.30am
Delegate discussion
11.30am – 12.00pm
Networking coffee break
Sponsored by RSM
12.00pm – 1.00pm
Breakouts
D1 Compromising Europe? The movement away from formal insolvency towards
the sunlit uplands of restructurings and reorganisations
Recent years have seen a groundswell of movement away from formal insolvency
proceedings towards more fluid and flexible restructuring processes across
Europe. The wave started with the use of the UK scheme within the UK and then
across Europe and beyond and has been replicated in other European jurisdictions
with the result that the “butterfly effect” of pre-insolvency solutions across Europe
has taken a firm hold.
Restructuring professionals practising within the European arena must therefore
be aware of the various tools available in multiple European jurisdictions for
restructuring Pan-European and Global business; how these tools relate to each
other as well as other processes such as Chapter 11.
Join an Expert panel to discuss the tools available for restructuring businesses
across Europe and how these have been innovated in the largest and most
complex restructurings.
D2 The good, the bad and the ugly: national and regional insolvency law reforms
Reforms to national and regional insolvency regimes are being considered or
implemented in many parts of the world. In the United States, a blue ribbon
commission has recommended substantial changes to Chapter 11. In Europe,
amendments to the EU insolvency regulation are being implemented; and many
other countries and regions are developing reform agendas. This panel will explore
recent and proposed reforms, consider similarities and differences in approach,
and explore whether (or not) convergence is occurring or even possible.
16
D3 Retail disrupted. Welcome to the Hunger Games
Retail is at the forefront of global digital disruption. Enabled with mobile technology,
in less than a decade the power paradigm has shifted from retailers to consumers.
Globally ‘old world’ retailers are being forced to invest and change their business
models faster than many could have imagined. Digital engagement and data
analytics is what now drives best practice and for many retailers this is not only
a quantum shift in thinking, but it also means reorganising their business models
to survive and prosper against rapid disruptive change.
This session will bring some of the world’s leading retailers and restructuring
professionals together to talk about the challenges and opportunities facing the
sector.
1.00pm – 1.15pm
Delegate discussion
1.15pm
Close
A number of informal topic led meetings are being considered for Tuesday
afternoon. Further details will be on the website.
Wednesday 22 March 2017
8.30am – 9.30am
Continental breakfast
9.30am – 9.35am
Welcome back
Plenary session
9.35am – 10.50am
Future of the Insolvency and restructuring profession
This session will follow a dynamic question and answer format of some of the
leading professionals around the world to get their views on a range of issues
facing the profession.
10.50am – 11.20am
Networking coffee break
Sponsored by RSM
11.20am – 12.20pm
Indonesia, China and India - Where are we and What’s Next?
Over the last year or so, the Indonesian economy has taken a battering as a result of
(at least) a slump in global commodity prices and a weakening Rupiah. The resultant
freeze on foreign direct investment has also played a role. These developments have
led to a flood of restructuring and insolvency work in and around Indonesia with
repercussions for the insolvency and restructuring industry throughout the world –
including an increasing reliance on Chapter 15 in the US and heavy interaction with
US and European bond markets.
China has also seen its economy impacted by the troubled commodity sector and
we have seen a slowdown in the Chinese economy due to the government
crackdown on corruption and a slowdown in local and global demand. This has
impacted a broader range of industries than in Indonesia, but has had similar
ramifications.
India is seeing increased investment rates and private consumption but domestic
financial risks abound - particularly large non-performing loans and the high
corporate debt levels. India has recently introduced a new insolvency and
restructuring regime – a step in the right direction but, as is the case with Indonesia
and China, cross-border interactions remain a challenge.
The panel will consist of interactive mix of economic and restructuring and
insolvency specialists, who will explain the current status of the Indonesian,
Chinese and Indian economies and what to expect over the next year or so.
The panel will also delve into recent insolvencies and restructurings in these
countries and what they mean for the restructuring and insolvency industry,
both locally and internationally.
17
12.20pm – 12.35pm
Delegate discussion
12.35pm – 2.00pm
Networking lunch
Sponsored by IMF Bentham
2.00pm – 3.00pm
Hot and heating topics
The topics will be hot, as in current and controversial, and will get some
of us hot under the collar! But they won’t be too hot for our panel of experts to
handle. The panel, with its broad range of experience and expertise, will provide
diverse perspectives on key developments in insolvency practice worldwide, and
may even venture into what topics are heating up on the horizon.
3.00pm – 3.15pm
Delegate discussion
3.15pm – 3.45pm
Networking coffee break
Sponsored by RSM
3.45pm – 4.45pm
Keeping pace with modern restructurings – jurisdiction, co-operation,
assistance and recognition: views from the bench
At the core of many of the difficulties raised by modern corporate restructurings
are questions of jurisdiction – which court and why, who will be bound and will
decisions be recognised by other courts. Choice of forum for approval or sanction
of restructuring proposals is heavily influenced by the desire of insolvency
professionals and effected stakeholders for quick, efficient and binding decisions.
How responsive have courts been to these needs and how effective have they
been in reconciling the competing demands and values of different insolvency
regimes, particularly involving cross-border and multinational cases?
What scope is there for more harmonious decision making between courts;
and are there practical limits on the extent of co-operation and assistance
which can be afforded by courts to each other? Are protocols and court-to-court
communications efficient and effective? Can courts keep pace with the
transnational and global problems requiring their determination; and what
practically can insolvency professionals contribute to achieve the best outcome
for interested parties.
A panel of eminent judges will participate in an interview style forum providing
their views on a range of topical issues.
4.45pm – 5.00pm
Delegate discussion
5.00pm
Close of congress
7.00pm – 10.30pm
Gala Dinner
Sponsored by AlixPartners LLP
The Technical Programme may be subject to change.
18
Congress Sponsors
INSOL International would like to thank the following sponsors for their generous support of the
Tenth World Congress. For more information on sponsorship opportunities contact
claireb@insol.ision.co.uk
Main Sponsors
Sponsors
Welcome Cocktail Reception
Gala Dinner sponsor
Corporate sponsor
Corporate sponsor
Monday breakfast sponsor
Networking coffee break sponsor
Monday lunch sponsor
Wednesday lunch sponsor
MADISON
PACIFIC
TRUST
Congress App
Congress sponsor
Exhibitor
Exhibitor
19
INSOL 2017 Congress
Registration Form
19 –22 March 2017, International Convention Centre, Sydney, Australia
Deadline for early registration fee: 12 December 2016
Closing Deadline: 15 February 2017 Cancellation Deadline: 15 February 2017
Please mail or fax this form to: Heather Callow, INSOL 2017 Tenth World Congress,
INSOL International, 6-7 Queen Street, London EC4N 1SP Fax: +44 207 248 3384
or email: heather@insol.ision.co.uk
You can also register online at www.insol.org
Note: This delegate registration form is valid for one delegate. Photocopies may be made for
additional reservations. This registration form can only be accepted if accompanied by full payment,
which can be made by cheque, or credit card.
Title:
First Name:
Surname:
Name as you wish it to appear on your badge:
Firm Name:
Address:
Tel:
Fax:
Email:
Which governing body/state do you require approval for CPE/CLE credit:
The delegate registration fee includes entry to the technical sessions on Monday 20, Tuesday 21 and
Wednesday 22 March, Congress lunches on 20 and 22 March, the Welcome Reception on Sunday 19 March
and the Gala Dinner on Wednesday 22 March. It does not include entry to the Ancillary Programme.
Accompanying Person
Name as you wish it to appear on badge:
The accompanying person registration fee includes entry to the Welcome Reception on Sunday 19 March
and the Gala Dinner on Wednesday 22 March. Accompanying person is defined as a participant’s spouse
or other personal relation who does not have a business interest in the Congress. All fees include GST.
Registration Fees
Before 12 December
After 12 December
Amount payable
INSOL member congress
Non member congress
Accompanying person
Accompanying persons Monday lunch
£1650.00
£2002.00
£250.00
£80.00
£1925.00
£2255.00
£275.00
£100.00
£
£
£
£
Ancillary Meeting Fees
Before 12 December
After 12 December
Amount payable
Academics’ Colloquium (academic member)
Academics’ Colloquium (non-academic)
Offshore Meeting (member)
Offshore Meeting (non-member)
Judicial Colloquium
Small Practice Dinner
£350.00
£400.00
£325.00
£375.00
£375.00
£100.00
£400.00
£450.00
£375.00
£425.00
£425.00
£125.00
£
£
£
£
£
£
Specialist Interest Groups
INSOL Fellowship Alumni Reception & Dinner (closed group)
INSOL Fellowship Refresher Programme (closed meeting)
Small Practice Issues Lunch and Meeting (open meeting to small practice firm)
Younger Members’ Reception (open to members’ under the age of 45)
(These meetings are free to attend, but registration is required)
20
q
q
q
q
Breakout Sessions
Please choose ONE session from each group. (Please note the breakouts do not now denote specific interest groups).
Monday 20 March Tuesday 21 March 12.00pm – 1.15pm
2.30pm – 3.45pm
10.15 – 11.30pm
12.00pm – 1.15pm
B1 q Asset Tracing
C1 q Bank Insolvency
D1 q Restructuring
A1 q Restructuring -Tools
in Europe
B2 q Forum Shopping C2 q Role of Culture
D2 q Law Reform
A2 q Stakeholder
Management
B3 q Corporate Groups C3 q Litigation Funding
D3 q Retail
A3 q New Money
Social Functions – Congress Delegates and Registered Accompanying Persons Only
Please tick the box to confirm attendance at the social functions
Welcome Cocktail Reception on Sunday 19 March q
Gala Dinner on Wednesday 22 March q
Payment Summary
If you wish to pay by cheque we can accept payment in Pounds Sterling. If you wish to pay by credit card
please make the calculations and payment in Pounds Sterling. Cardholders will be charged by their credit
card companies in their local currency. INSOL International is not responsible for any losses or gains in the
fee due to currency changes. All fees include GST.
Delegate Fee: £
Accompanying Person’s Fee: £
Ancillary Meeting Fee: £
Small Practice Dinner: £
Accompanying Persons Monday lunch: £
Total: £
I enclose a cheque/draft to the order of:
Please debit my credit card details below for the order of
American Express q
MasterCard q
Visa q
Debit Card q
Surcharge Fee:
Card Number:
Expiry Date:
Security No:
Cardholder Name:
Card Billing Address (if different from address on previous page):
Signature:
Date:
Special Dietary Requirements
If you have any dietary restrictions, please remember to identify yourself to the staff at each event.
INSOL will try their best to accommodate any special dietary requests:
Have you attended an INSOL Congress/Conference previously?: Yes
q / No q
New Attendee:
If you are a new attendee at an INSOL Congress would you like to join the President and INSOL Board
of Directors at a reception prior to the Welcome Cocktail Reception on Sunday 19 March?:
Yes q / No q
Additional Requirements:
The hotels selected by INSOL are fully wheelchair accessible. If you require further information please contact us.
Hotel: Please indicate for our records which hotel you will be staying at:
Delegate name, firm and country will be listed on the delegate list. Photos & video may be taken during the
Congress for publication. Please bring your confirmation and photographic identification with you in order
to collect your badge and Congress papers.
21
Designated Hotels / Reservations
Four Points by Sheraton Sydney, Darling Harbour
161 Sussex Street, Sydney, New South Wales 2000 Australia
Tel: +61 (0) 2 9290 4000
Reservation Deadline: 6th February 2017
Reservations are subject to guestroom and rate availability. Reservations must be made online.
Located in Sydney’s central business district and overlooking Darling Harbour, the hotel is just a short walk from
the major entertainment and shopping districts including Pitt Street Mall, Queen Victoria Building, and
Chinatown. Distance to the Convention Centre: 0.7 miles approximately 15 minute walk.
Rate information: $330.00
• Room only with Wi-Fi for both single and double occupancy (without breakfast).
• Accommodation rates are quoted on a per room per night basis including Wi-Fi
• Prices quoted are in Australian currency and include 10% GST.
• Guest may be allocated either King or Twin bedded configuration at the discretion of the hotel.
• Four Points by Sheraton Sydney Darling Harbour is a Non Smoking Hotel.
• Pricing is valid for three (3) days pre and post subject to availability.
Check-In time is 3pm / Check-Out time is 11am. If you require access to rooms prior to 15:00, the rooms can
be reserved from the previous evening at a negotiated rate, based on the availability of accommodation.
Cancellations:
• A non-refundable deposit equal to one-night’s accommodation will be charged once the booking is received.
• At 29 days prior to arrival the guest’s individual credit card will be charged for all remaining reserved nights.
• Should an individual reduce or cancel their reservation within 29 days of arrival or not arrive and therefore
deemed a “no show”, the entire payment will be forfeited as a cancellation charge.
Additional Booking conditions:
• Your credit card is required at time of booking to guarantee the reservation.
• The same Credit Card will be required to be presented on check-in.
All hotel reservations are the responsibility of the individual delegate to make and cancel directly with the hotel.
The Four Points by Sheraton will be rebranded as the Hyatt Regency Sydney as of November 30, 2016.
Please refer to the INSOL website for updates. All bookings will be honoured.
The Westin Sydney
1 Martin Place, Sydney, NSW, 2000, Australia
Tel: +61 (0) 2 8223 1111
Reservation Deadline: 6th February 2017
Reservations are subject to guestroom and rate availability. Reservations must be made online.
The Westin Sydney is an award winning, five star hotel set in the heart of Sydney’s CBD. Part of the
redevelopment of Sydney’s historic General Post Office on Martin Place, this luxurious hotel is surrounded by
Sydney’s most exclusive designer shopping, best restaurants, theatres and nightlife, and is close to attractions
like Darling Harbor, Sydney Opera House and the Harbour Bridge. The Westin Sydney offers luxury hotel
accommodation with modern, spacious guest rooms and suites, all featuring Heavenly Beds. Recently named
on Conde Nast Traveler’s Gold List and as No. 1 Hotel in Sydney in Travel + Leisure’s prestigious 500 List, The
Westin Sydney is the perfect hotel for experiencing the enchanting past and vibrant present of Sydney. Distance
to the Convention Centre: 1 mile approximately 20 minute walk.
Room Rate: $415.00
• Room only with Wi-Fi for both single and double occupancy (without breakfast).
• Accommodation rates are quoted on a per room per night basis including Wi-Fi
• Prices quoted are in Australian currency and include 10% GST.
• Guest may be allocated either a Superior Heritage or Tower Room in a King bed or Twin (2 double beds)
configuration. Room type allocation is at the discretion of the Hotel.
• Pricing is valid for three (3) days pre and post subject to availability.
Check-In time is 3pm / Check-Out time is 11am. If you require access to rooms prior to 15:00, the rooms can
be reserved from the previous evening at a negotiated rate, based on the availability of accommodation.
Cancellations:
• A non-refundable deposit equal to one-night’s accommodation will be charged once the booking is received.
• At 29 days prior to arrival the guest’s individual credit card will be charged for all remaining reserved nights.
• Should an individual reduce or cancel their reservation within 29 days of arrival or not arrive and therefore
deemed a “no show”, the entire payment will be forfeited as a cancellation charge.
Additional Booking conditions:
• Your credit card is required at time of booking to guarantee the reservation
• The same Credit Card will be required to be presented on check-in.
All hotel reservations are the responsibility of the individual delegate to make and cancel directly with the hotel.
Starwood Hotels & Resorts is joining with Marriott International to create the world’s biggest and best hotel
company. Please refer to the INSOL website for updates.
22
Registration Information
Payment: Congress payments by cheque can be made in Pounds Sterling (£) and made payable to:
INSOL International Limited. Payment should be sent together with your registration form to INSOL
International, 6-7 Queen Street, London EC4N 1SP. Payment can be made by personal or company cheque.
Please ensure that the name of the delegate and/or accompanying guest and company is written clearly on
the back of all cheques, which accompany the registration form. Cheques must be made payable to
INSOL International Limited for the Congress fee.
If you wish to pay by credit card we accept Visa, Mastercard and American Express. All payments debited
from your credit card will be in Pounds Sterling (£). Cardholders will be charged by their credit card
companies in their local currency. INSOL International is not responsible for any losses or gains in the fee
due to currency changes.
Disclaimer: INSOL International (INSOL) cannot accept any liability for any loss, cost or expense suffered or
incurred by any person if such loss is caused or results from the act, default or omission of any person other
than an employee or agent of INSOL International. In particular INSOL cannot accept any liability for losses
arising from the provision of services provided by hotel companies or transport operators. Nor can INSOL
accept liability for losses suffered by reason of war, including threat of war, riots, and civil strife, terrorist
activity, natural disaster, weather, fire, flood, drought, technical mechanical or electrical breakdown within
any premises visited by delegates or their guests in connection with the Congress, industrial disputes,
government action, regulations or technical problems which may affect the services provided in connection
with the Congress. INSOL is not able to give any warranty that any person will appear as a speaker or
panellist. English Law shall govern the contract between delegates, accompanying persons and INSOL
International and any disputes shall be the exclusive preserve of the English Courts.
Copyright: Copyright in all software, papers and other material produced for the Congress will be vested
in INSOL. Companies and their delegates may copy such material for their personal use, but further copying,
and in particular copying for sale or any other commercial purpose is prohibited without prior permission.
Travel & Health Insurance: INSOL International shall not be responsible for, and shall be exempt from,
all liability in respect of any loss, damage, injury, accident, delay or inconvenience to any person during the
Congress. It is the delegate and accompanying person’s responsibility to be adequately insured in case of
claims pertaining to travel/accidents and illness for the duration of your visit to Sydney.
Cancellation of the Congress by the Organisers and Insurance: In the event that the Congress is cancelled
by INSOL, or by any reason of any factor outside the control of INSOL, and cannot take place, the amount
of the Registration fee shall be refunded. The liability of INSOL shall be limited to that refund, and INSOL
shall not be liable for any other loss, cost or expense, howsoever caused, incurred or arising. In particular,
INSOLshall not be liable to refund any travel costs incurred by delegates or their guests or their companies.
It follows that delegates and their guests and their companies are advised to take out comprehensive
insurance including travel insurance.
Cancellations of attendance by Delegates: All cancellations must be made in writing and sent to
INSOL International, 6-7 Queen Street, London EC4N 1SP United Kingdom. The policy regarding the refund
of registration fees is as follows:
Cancellations received up to and including 15th February 2017
There will be a cancellation fee of £50 per delegate and/or accompanying guest, which will cover the
production of delegate materials and administration expenses.
Cancellations received after 15th February 2017
It is regretted that from this date, there will be no refund of registration fees received, and delegates will be
liable for the total cost of any outstanding fees relating to the Congress. A substitute maybe put forward to
fill your delegate’s place.
Confirmation of Cancellation: If no written confirmation of the cancellation is received within 24 hours please
contact INSOL International and ensure the cancellation has been received.
Hotel Bookings and Cancellations: All hotel bookings are the responsibility of the individual delegate to
make and cancel directly with the hotel. Credit card guarantee is required at time of reservations.
Please be aware of the cancellation policy for the Congress hotels
Congress Registration via the net: Registrations can be made via the INSOL website at www.insol.org
Become a member of INSOL International and take advantage of all the member benefits including reduced
Congress fees. To apply for membership please contact Jelena Wenlock at jelena@insol.ision.co.uk
23
General Information
Congress Venue: International Convention Centre (ICC), Darling Drive, Darling Harbour, Sydney NSW 20009
Airport: The Sydney Kingsford Smith Airport is a 25-minute drive from the Hotel and serves all major
airlines. Travel Distance: Approximately 7.8 km/4.85 miles.
Airport Link is a fast and convenient way to reach the center of Sydney. Trains run approximately every 10
minutes and the journey into Town Hall station takes only 25 minutes. The International and Domestic rail
stations link directly to the City Circle which means most city destinations are within a short walk of stations.
Business Events Sydney: (BESydney) promotes Sydney and New South Wales (NSW) as business event
destinations, identifies new event opportunities, and competes to secure these events to bring the world’s
best and brightest to the state to work, play and connect.
An independent not-for-profit company, BESydney is funded through a partnership between the NSW
Government and the private sector, including more than 200 leading hotels, venues, attractions, event
suppliers and conference organisers to win these events for the State. A strong business event programme –
comprising the many conferences, congresses, symposia and incentive programmes that global destinations
bid competitively to host – strengthens Sydney’s standing as a global city. Business events attract world
leaders to our shores. They create opportunities to profile our expertise, to share knowledge, and create and
strengthen international collaboration. They are also valuable forums that foster trade and investment, spark
innovation and fuel productivity.
Time: Local Sydney time during March is – Greenwich Mean Time plus 11 hours.
Climate: Sydney enjoys a temperate climate making it the perfect destination all year-round. March is
autumn and the temperature range is 18 to 25 degrees Celsius.
Currency: Decimal currency is used in Australia - units are dollars and cents. Current exchange rates
can be obtained from your bank. All major credit cards are widely accepted in Australia.
Goods and Services Tax (GST): Goods and services in Australia are subject to a 10% tax (GST). This tax
is usually included in the price, and if not, is clearly stated. The Tourist Refund Scheme allows international
travellers to claim a GST refund (subject to certain conditions) on goods purchased in Australia. For more
information, please visit www.customs.gov.au.
Tipping: Service charges are not added to accounts by hotels and restaurants. You may tip hotel porters
and restaurant wait-staff (up to 10% of the bill) if you wish to acknowledge exceptional service. At any
time, tipping is your choice.
Electricity: The electrical supply is 240 volts, 50Hz. The connection for appliances is a flat, 3-pin plug
of unique design. Most hotels provide 110 volt outlets for shavers.
Dress code: Delegates are requested to wear smart casual clothes to the Congress technical sessions
and social functions. Speakers are requested to wear business attire.
Language: The congress language is English.
Joining Instructions: A confirmation of your registration will be sent to you on receipt of receiving your
registration and payment. The joining instructions will be sent by email in advance.
Social Functions: Registered accompanying persons attending the social functions must be over the age
of 21. Accompanying Person is defined as a participant’s spouse or other personal relation who does not
have a business interest in the congress.
Passports and Visa Requirements: It is the delegates’ responsibility to ensure they have the correct travel
documents to enter Australia. All travellers to Australia, other than those holding New Zealand passports,
require a valid entry visa prior to travel to Australia. For many nationalities an Electronic Visa or Electronic
Travel Authority (ETA) can be obtained from your travel agent or airline when making your travel arrangements.
24
Tours
Arinex Destination Management has negotiated a 20% discount on tours available through Gray Line for
the INSOL 2017 Congress delegates and accompanying persons. For further information on these tours,
as well as other day touring options in and around Sydney, or to make a booking on any of these tours and
take advantage of the 20% discount, please click on the link below:
https://secure.jbs.com.au/graylinesydney/p/redirect.aspx?AGENTREFER=24950&PROMO=ARINEX20&
REDIRECT=http://www.graylinesydney.com.au/
Please find below some suggested touring options from Gray Line.
Sydney City Sights Tour: Sydney Harbour reputedly one of the most beautiful in world, will not disappoint.
Sydney has fine weather, sunshine, glorious ocean beaches with a vibrant big city vibe. This tour is the
quintessential introduction to Sydney, making its way around the city (with a stop at Mrs Macquaries Chair
for that iconic photograph of the bridge behind the Opera House) before heading out to Bondi Beach via the
affluent eastern suburbs. Lots of “wows” on this tour, all those places you have heard so much about with
a few surprises as well. Don’t leave your camera in the hotel room.
Blue Mountains Tour: Crisp, clean, mountain top air with distant blue haze horizons overlooking
awesome canyons with rainforest carpeting the valley floor. Waterfalls, sleepy hamlets and the rich warm
smell of the Australian bush make this a very special place for every visitor.
Hunter Valley Wine Tour: World acclaimed Australian wines from the vineyards of the rolling hills and
valleys of the Hunter region, delight both the palate and the eye in this green and fertile land dotted with
villages and over fifty wineries. The Hunter Valley is Australia’s oldest commercial wine producing district
with over 7000 acres under vine. Famous wine styles include semillon, shiraz, chardonnay, gewurztraminer,
cabernet sauvignon and earthy pinot noirs.
Sydney Harbour Bridge Climb: A three and a half hour experience commencing with a safety briefing
at the BridgeClimb office. Accompanied by an experienced leader, climbers cross the catwalk to the
pylon and walk up to the summit of the Bridge’s upper arch - 130 metres above sea level. Climbers are
harnessed to a static line for the duration of the climb and are treated to spectacular 360-degree views
across the harbour. For further information and to make a booking, please visit: www.bridgeclimb.com.au
Disclaimer: Please be advised that the above tours are offered by separate operators, and do not have any
connection with Arinex pty limited. This information is provided to delegates on a general basis and is the
delegate’s responsibility to research, make a booking and pay for the service provided directly with the supplier.
Please ensure that you read the terms and conditions on the operator website before proceeding with
payment to avoid any problems. Any issues relating to this are at the expense of the delegate and not the
responsibility of Arinex Pty Limited or INSOL International.
Pre and Post Congress Tours
PRE TOUR: Discover Australia’s Red Centre, (4 Days/3 Nights), Dates: 15th – 18th March 2017
Tour Cost: A$1,100 per person based on double occupancy, A$1,550 per person based on single occupancy
POST TOUR: Blue Mountains Overnight Experience, (2 Days/1 Night) Dates: 23rd – 24th March 2017
Tour Cost: A$889 per person based on double occupancy, A$1251 per person based on single occupancy
POST TOUR: Port Douglas and the Great Barrier Reef, (4 Days/3 Nights), Dates: 23rd – 26th March 2017
Tour Cost: A$1,150 per person based on double occupancy, A$1,850 per person based on single occupancy
Tours General Information
Touring Terms and Conditions: These tours are designed by Arinex Destination Management (license
No. 2TA001144), for participating delegates and accompanying persons attending the INSOL 2017 Congress.
All sightseeing tours include informative English speaking commentary, all entry fees and meals where
specified. Comfortable shoes and clothing are recommended for all tours. For any outdoor tours we
recommend that participants bring sun protection cream, sunhat and sunglasses.
Where participants cancel their tour bookings prior to 29th January 2017, payment will be refunded in full.
Thereafter, no refunds will be made.
Disclaimer
The services specified in these tour descriptions are available at the time of writing. However, in the event
that any service(s) become unavailable for any reason, Arinex Destination Management will make every
effort to supply alternative services of an equal standard and value but cannot accept any responsibility
for failure to provide the specified services.
INSOL International and Arinex Destination Management shall not be responsible for, and shall be exempt
from, all liability in respect of any loss, damage, injury, accident, delay or inconvenience to any person
during the tours. It is the delegate and accompanying person’s responsibility to be adequately insured
in case of claims pertaining to travel/accidents and illness for the duration of your visit to Sydney.
25
INSOL 2017 Committees
INSOL International wishes to thank all the committee members listed below, and all those who have
assisted the committees in creating INSOL 2017.
Main Organising Committee
Co-Chair: Paul Billingham, Grant Thornton
Co-Chair: Rhonda McCann, Australia and
New Zealand Banking Group
Co-Chair: Leon Zwier, Arnold Bloch Leibler
Technical Co-Chair: Peter Gothard,
Fellow, INSOL International, Ferrier Hodgson
Technical Co-Chair: John Martin, Henry Davis York
Treasurer: Daniel Bryant, Fellow, INSOL
International, PPB Advisory
Sponsorship & Marketing: Karen O’Flynn,
Clayton Utz
Technical Committee Co-Chairs
Peter Gothard, Fellow, INSOL International,
Ferrier Hodgson
John Martin, Henry Davis York
Technical Committee Members
Alastair Beveridge, AlixPartners
Ingrid Bagby, Cadwalader, Wickersham & Taft LLP
Cosimo Borrelli, Borrelli Walsh Limited
Macaire Bromley, Dibbs Barker
Luiz de Paiva, Pinheiro Neto Advogados
Brendon Gibson, KordaMentha
Justice Fabian Gleeson, Supreme Court
of New South Wales
Philip Hertz, Clifford Chance
Steffen Koch, hww hermann wienberg wilhelm
Andrew Koo, EY
James Lukenda, Huron Consulting Group
Professor Rosalind Mason, Queensland
University of Technology
Maria O’Brien, Baker & McKenzie
Christopher Provost, Fulcrum Capital
Hiroshi Sugiyama
Andrew Thorp, Harneys
Paul van Eyk, Richter
Nora Wouters, Dentons Europe LLP
Continuing Professional Education
For those delegates who are required by their professional associations to achieve minimum levels of
continuing education, certificates of attendance will be available on request.
Bar Standards Board (BSB) – INSOL International have received accreditation to become an accredited
continuing professional development provider for the Bar. Following the implementation of BSB new
accreditation scheme in January 2015, please email manisha@insol.ision.co.uk for the ‘Provider ID’
number for this congress. There are up to 14 hours of continuing professional development available.
The Law Society of England and Wales – The Solicitors Regulation Authority (SRA), the independent
regulatory body created by The Law Society of England and Wales, have implemented a new approach
to solicitors continuing competence. If solicitors wish to claim non accredited continuing professional
development in line with SRA requirements, they can record this in their own training records and calculate
their continuing professional development points by the number of hours and minutes the congress is held
for with the deduction of breaks.
CAIRP – The Canadian Association of Insolvency and Restructuring Professionals (CAIRP) have approved
the Congress for their Mandatory Professional Development Credits.
RITZAN – New Zealand CPD does not have an accreditation process, however New Zealand delegates
are able to claim CPD for the congress. New Zealand delegates will need confirmation of the learning
outcomes of the conference and the learning hours. New Zealand delegates must sign in to all sessions
they attend.
Accreditation is being sought from:
HKCIP – We are seeking accreditation approval from the Hong Kong Law Society and will be able to notify
delegates closer to the congress on what is required.
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The Group of Thirty-Six features some of the most prominent and influential firms within the insolvency
and turnaround profession. The aim of the Group of Thirty-Six is to work with INSOL to develop best
practice guidelines and develop legislation to enhance the ability of practitioners globally to save
businesses throughout the world.
AlixPartners LLP
Hogan Lovells
Allen & Overy LLP
Huron Consulting Group
Alvarez & Marsal
Jones Day
Baker & McKenzie LLP
Kaye Scholer LLP
BDO LLP
King & Wood Mallesons
BTG Global Advisory
Kirkland & Ellis LLP
Cadwalader, Wickersham & Taft LLP
KPMG LLP
Chadbourne & Parke LLP
Linklaters LLP
Clayton Utz
Morgan, Lewis & Bockius LLP
Cleary Gottlieb Steen & Hamilton LLP
Norton Rose Fulbright
Clifford Chance LLP
Pepper Hamilton LLP
Conyers Dill & Pearman
Pinheiro Neto Advogados
Davis Polk & Wardwell LLP
PPB Advisory
De Brauw Blackstone Westbroek
PwC
Deloitte LLP
Rajah & Tann Asia
Dentons
RBS
DLA Piper
RSM
EY
Shearman & Sterling LLP
Ferrier Hodgson
Skadden, Arps, Slate, Meagher & Flom LLP
Freshfields Bruckhaus Deringer
South Square
Goodmans LLP
Weil, Gotshal & Manges LLP
Grant Thornton
White & Case LLP
Greenberg Traurig LLP
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Member Associations
American Bankruptcy Institute
Asociación Argentina de Estudios Sobre la Insolvencia
Asociacion Uruguaya de Asesores en Insolvencia y Reestructuraciones Empresariales
Association of Business Recovery Professionals - R3
Association of Restructuring and Insolvency Experts
Australian Restructuring, Insolvency and Turnaround Association
Bankruptcy Law and Restructuring Research Centre, China University of Politics and Law
Business Recovery and Insolvency Practitioners Association of Nigeria
Business Recovery and Insolvency Practitioners Association of Sri Lanka
Canadian Association of Insolvency and Restructuring Professionals
Canadian Bar Association (Bankruptcy and Insolvency Section)
Commercial Law League of America (Bankruptcy and Insolvency Section)
Especialistas de Concursos Mercantiles de Mexico
Finnish Insolvency Law Association
Ghana Association of Restructuring and Insolvency Advisors
Hong Kong Institute of Certified Public Accountants (Restructuring and Insolvency Faculty)
Hungarian Association of Insolvency Practitioners
INSOL Europe
INSOL India
INSOLAD - Vereniging Insolventierecht Advocaten
Insolvency Practitioners Association of Malaysia
Insolvency Practitioners Association of Singapore
Instituto Brasileiro de Estudos de Recuperação de Empresas
Instituto Brasileiro de Gestão e Turnaround
Instituto Iberoamericano de Derecho Concursal
International Association of Insurance Receivers
International Women’s Insolvency and Restructuring Confederation
Japanese Federation of Insolvency Professionals
Korean Restructuring and Insolvency Practitioners Association
Law Council of Australia (Business Law Section)
Malaysian Institute of Certified Public Accountants
National Association of Federal Equity Receivers
Nepalese Insolvency Practitioners Association
NIVD – Neue Insolvenzverwaltervereinigung Deutschlands e.V.
Non-Commercial Partnership Self-Regulated Organisation of Arbitration Managers
“Mercury” (NP SOAM Mercury)
Recovery and Insolvency Specialists Association (BVI) Ltd
Recovery and Insolvency Specialists Association (Cayman) Ltd
Recovery and Insolvency Specialists Association of Bermuda
REFOR – The Insolvency Practitioners Register of the National Council of Spanish
Schools of Economics
Restructuring Insolvency & Turnaround Association of New Zealand
Russian Union of Self-Regulated Organizations of Arbitration Managers
Society of Insolvency Practitioners of India
South African Restructuring and Insolvency Practitioners Association
Turnaround Management Association (INSOL Special Interest Group)
International Association of Restructuring, Insolvency & Bankruptcy Professionals
6-7 Queen Street, London, EC4N 1SP Tel: +44 (0)20 7248 3333 Fax: +44 (0)20 7248 3384
www.insol.org