INSOL Dubai - Hawkamah, the Institute for Corporate Governance
INSOL Dubai - Hawkamah, the Institute for Corporate Governance
INSOL Dubai - Hawkamah, the Institute for Corporate Governance
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<strong>INSOL</strong> <strong>Dubai</strong><br />
<strong>INSOL</strong> International<br />
Annual Regional Conference<br />
21st –23rd February 2010<br />
<strong>Dubai</strong>, United Arab Emirates<br />
Sponsored by:
Conference Chairs’ Welcome<br />
<strong>INSOL</strong> is delighted to be holding its Annual Europe, Africa, Middle East Conference in <strong>the</strong><br />
United Arab Emirates <strong>for</strong> <strong>the</strong> first time in <strong>the</strong> spectacular city of <strong>Dubai</strong>.<br />
The Conference offers <strong>INSOL</strong> members from <strong>the</strong> local region and <strong>the</strong> rest of <strong>the</strong> world <strong>the</strong><br />
opportunity to meet and discuss international issues concerning <strong>the</strong> profession.<br />
The technical programme is structured slightly differently this year with plenary sessions on day one<br />
and breakouts on day two. The breakouts will cover a variety of subjects of interest to all members<br />
offering you <strong>the</strong> choice to determine your own programme selection.<br />
This conference offers you <strong>the</strong> opportunity to keep abreast of technical issues as well as sharing<br />
best practice <strong>for</strong> developing innovative solutions to help local and global companies in both <strong>the</strong><br />
public and private sectors restructure. It also provides <strong>the</strong> setting <strong>for</strong> easy and relaxed networking<br />
with o<strong>the</strong>rs with a common interest in <strong>the</strong> restructuring and insolvency market. This conference<br />
brings toge<strong>the</strong>r <strong>the</strong> ingredients that are critical <strong>for</strong> keeping ahead in <strong>the</strong> modern restructuring and<br />
insolvency market. We look <strong>for</strong>ward to welcoming you to <strong>Dubai</strong> in February. Delegate places are<br />
limited so book now to reserve your place.<br />
Peter Spratt<br />
PricewaterhouseCoopers<br />
Conference Co-Chair<br />
Dr. Nasser Saidi<br />
<strong>Hawkamah</strong> <strong>Institute</strong> <strong>for</strong> <strong>Corporate</strong> <strong>Governance</strong><br />
Conference Co-Chair<br />
Contents<br />
Conference Technical Programme 2,3 & 8<br />
Registration Form 4-5<br />
Hotel Booking Form 6<br />
Registration In<strong>for</strong>mation 7<br />
Group of Thirty-Six, Sponsors & Committees 9<br />
General In<strong>for</strong>mation 10<br />
Member Associations 11<br />
Conference Registrations Conference Manager Hotel Bookings<br />
Penny Robertson Tina McGorman Madinat Jumeirah<br />
<strong>INSOL</strong> International <strong>INSOL</strong> International Reservations Department<br />
2-3 Philpot Lane 2-3 Philpot Lane Quoting: <strong>INSOL</strong> International<br />
London, EC3M 8AQ London, EC3M 8AQ Group Code INS170210<br />
UK UK Internet Registrations:<br />
http://www.jumeirah.com/en/<br />
Hotels-and-Resorts/Destinations/<br />
<strong>Dubai</strong>/Madinat-Jumeirah/<br />
Tel: +44 (0) 20 7929 6679 Tel: +44 (0) 20 7929 6679 Tel: +971 4 3666200<br />
Fax: +44 (0) 20 7929 6678 Fax: +44 (0) 20 7929 6678 Fax: +971 4 3016050<br />
Email: pennyr@insol.ision.co.uk Email: tina@insol.ision.co.uk<br />
1
Technical Programme<br />
Main Sponsors: Begbies Global Network • BMC Group<br />
Griffins Licensed Insolvency Practitioners • Seabury Group LLC<br />
Main Conference Programme<br />
Sunday 21 February 2010<br />
12.00pm – 8.00pm Delegate Registration, Joharah Ballroom Foyer<br />
6.30pm – 8.00pm Welcome Cocktail Reception<br />
Joharah Ballroom 567<br />
For delegates and registered accompanying persons<br />
Monday 22 February 2010<br />
8.00am – 4.00pm Delegate Registration, Joharah Ballroom Foyer<br />
8.45am – 9.00am Welcome, Introduction & <strong>INSOL</strong> Developments<br />
Joharah Ballroom 234<br />
9.00am – 9.45am Plenary – Keynote Speech<br />
9.45am – 10.45am Surviving in an economic downturn<br />
A leading economist, banker, lawyer and accountant will discuss questions<br />
that are in <strong>the</strong> <strong>for</strong>efront of everyone’s mind – How long will <strong>the</strong> downturn last?<br />
Will we see many more casualties? Which sectors will be affected? How efficient<br />
are restructuring/insolvency regimes? Which trends have crystallised so far?<br />
10.45am – 11.00am Delegate discussion<br />
11.00am – 11.30am Networking Coffee Break, Joharah Ballroom Foyer<br />
11.30am – 12.30pm When <strong>the</strong> bank goes bust: Rewriting <strong>the</strong> rulebook<br />
At first glance, dealing with a bank insolvency appears to be quite<br />
straight<strong>for</strong>ward but <strong>the</strong> reality is very different. In this interactive session,<br />
a panel of experts will discuss some of <strong>the</strong> more complex issues – how to<br />
manage <strong>the</strong> expectations of both depositors and borrowers, unwinding voidable<br />
transactions, dealing with government and regulatory authorities, how to identify<br />
good banks and bad banks, and planning exit strategies. The session will also<br />
cover hedge fund insolvencies.<br />
12.30pm – 12.45pm Delegate discussion<br />
12.45pm – 2.00pm Networking Lunch, Pre-Function Area A & Water Terrace<br />
Sponsored by hww wienberg wilhelm<br />
2.00pm – 3.00pm Government intervention or interference?: State aid to financially<br />
troubled companies<br />
This will be a lively debate on how far should or can governments go to keep<br />
companies in financial difficulties afloat, and whe<strong>the</strong>r state aid is in fact throwing<br />
good money after bad? The role of central banks and how <strong>the</strong> taxpayers’<br />
interests can be safeguarded will be covered.<br />
3.00pm – 3.15pm Delegate discussion<br />
3.15pm – 3.45pm Networking Coffee Break, Joharah Ballroom Foyer<br />
3.45pm – 4.45pm A sector in turmoil: The automotive industry<br />
The crisis of <strong>the</strong> auto sector has ripple effects around <strong>the</strong> globe. Our panel of<br />
experts are planning a question and answer session that will look at how <strong>the</strong><br />
global industry has been affected, ranging from suppliers, manufacturers to<br />
distributors. They will also review how governments and bankruptcy regimes<br />
deal with failing car giants like GM, Chrysler and Opel.<br />
4.45pm – 5.00pm Delegate discussion<br />
5.00pm<br />
Close<br />
Free evening<br />
2
Tuesday 23 February 2010<br />
8.45am – 8.50am Welcome Back, Joharah Ballroom 234<br />
8.50am – 9.40am Opening Plenary – Cross-border co-operation: Current trends<br />
A panel of distinguished judges will highlight some of <strong>the</strong> current trends in judicial<br />
co-operation and <strong>the</strong> problems that have, and may be encountered between<br />
<strong>for</strong>eign courts. They will also discuss court-to-court co-operation in <strong>the</strong> light of <strong>the</strong><br />
recent developments by UNCITRAL.<br />
9.40am – 9.50am Delegate discussion<br />
10.00am – 11.00am Breakout Sessions<br />
11.00am – 11.15am Delegate discussion<br />
A1 OVER regulated or laissez-faire?: Role of <strong>the</strong> regulators<br />
Was <strong>the</strong> credit crisis caused by <strong>the</strong> financial sector being over regulated?<br />
Why is it that <strong>the</strong> regulatory authorities could not prevent <strong>the</strong> credit crunch from<br />
happening? Join this lively discussion led by market experts and suggest your<br />
thoughts on how to develop a sound model <strong>for</strong> <strong>the</strong> future.<br />
B1 Operational restructuring in <strong>the</strong> MENA region<br />
In this session <strong>the</strong> findings of a survey carried out jointly by <strong>Hawkamah</strong>/World<br />
Bank/ OECD/ and <strong>INSOL</strong> International will be revealed. The panellists will also<br />
highlight issues that practitioners will encounter when carrying out restructurings<br />
– cultural difficulties, issues related to ownership, sectorial and technical issues<br />
such as lay offs, contract renegotiations, asset based financing and asset sales.<br />
The impact of Shariah laws on restructurings in <strong>the</strong> region will also be covered.<br />
C1 Effect of <strong>the</strong> credit crunch on personal insolvency<br />
This will be an interactive session where <strong>the</strong> panellists will discuss a number of<br />
current issues that are important to smaller practitioners – attitude of lenders to<br />
<strong>the</strong> consumer market; how IPs are coping with <strong>the</strong> increase in personal insolvency<br />
cases; and lessons that have been learnt. They will also invite <strong>the</strong> delegates to<br />
make suggestions that <strong>the</strong> authorities can consider to make <strong>the</strong> existing system<br />
more effective.<br />
11.15am – 11.45am Networking Coffee Break, Joharah Ballroom Foyer<br />
11.45am – 12.45pm Breakout Sessions<br />
12.45pm – 1.00pm Delegate discussion<br />
A2 Valuation of distressed entities, assessing where value breaks and <strong>the</strong><br />
role of DIP funding: A case study<br />
This session will be based on a case study that will highlight important valuation<br />
issues such as <strong>the</strong> basis and assumptions of valuations and <strong>the</strong> importance of<br />
value breaks.<br />
B2 <strong>Corporate</strong> failure – Poor governance or flawed business plans?<br />
Join this interesting session where <strong>the</strong> panellists will discuss some of <strong>the</strong><br />
major international collapses where fraud was not a cause of failure but <strong>the</strong><br />
failure stemming from mismanagement practices. Or could <strong>the</strong> causes be due<br />
to poor business decisions? The session will also cover how legal and<br />
regulatory oversight has affected management conduct during and after a<br />
restructuring.<br />
C2 Practice management in a recession – How have we coped?<br />
The panellists are planning an interactive session with <strong>the</strong> delegates to learn<br />
from each o<strong>the</strong>rs experiences <strong>the</strong> difficulties of managing an IP practice in <strong>the</strong><br />
current economic climate, and find out how everyone has coped so far. Some of<br />
<strong>the</strong> issues <strong>for</strong> discussion are – has <strong>the</strong> attitude of <strong>the</strong> lenders changed and how<br />
practitioners have dealt with insolvency issues? Did practitioners recognise <strong>the</strong><br />
recession was coming and are <strong>the</strong>y working harder <strong>for</strong> <strong>the</strong> same money due to<br />
depressed asset values? IT and training issues will also be covered.<br />
1.00pm – 2.15pm Networking Lunch, Pre-Function Area A & Water Terrace<br />
3<br />
Technical Programme continues on page 8
Conference Registration Form<br />
21 – 23 February 2010<br />
Conference Venue: Madinat Jumeirah, <strong>Dubai</strong>, United Arab Emirates<br />
Deadline <strong>for</strong> early registration fee: 7 December 2009<br />
Closing Deadline: 29 January 2010<br />
Please mail or fax this <strong>for</strong>m to: Penny Robertson, <strong>INSOL</strong> International,<br />
<strong>INSOL</strong> <strong>Dubai</strong>, 2/3 Philpot Lane, London EC3M 8AQ. Fax: +44 207 929 6678<br />
You can also register online at www.insol.org<br />
Note: This delegate registration <strong>for</strong>m is valid <strong>for</strong> one delegate. Photocopies may be made <strong>for</strong> additional<br />
reservations. This registration <strong>for</strong>m can only be accepted if accompanied by full payment, which can<br />
be made by cheque, or credit card.<br />
Title: First Name: Surname:<br />
Name as you wish it to appear on badge:<br />
Firm Name:<br />
Address:<br />
Tel: Fax: E-mail:<br />
Which governing body/state do you require approval <strong>for</strong> CPE/CLE credits:<br />
The delegate registration fee includes entry to <strong>the</strong> technical sessions on Monday 22 February, Tuesday 23 February, Conference<br />
lunches on 22 and 23 February, <strong>the</strong> Welcome Cocktail Reception on Sunday 21 February and <strong>the</strong> Gala dinner on Tuesday 23 February.<br />
Accompanying Person<br />
Title: First Name: Surname:<br />
Name as you wish it to appear on badge:<br />
The accompanying person registration fee includes entry to <strong>the</strong> Welcome Cocktail Reception on Sunday 21 February and <strong>the</strong><br />
Gala dinner on Tuesday 23 February.<br />
Registration Fees Be<strong>for</strong>e 7 December After 7 December Amount Payable<br />
<strong>INSOL</strong> Member Conference £999.00 £1,200.00 £<br />
Non Member Conference £1,200.00 £1,400.00 £<br />
Accompanying Person Fee £225.00 £275.00 £<br />
Office use only<br />
ACKNOWLEDGED / CONFIRMED DATE CONFIRMATION #<br />
4
In order to help reference <strong>the</strong> different breakout sessions <strong>the</strong>y are denoted as follows:<br />
Sessions A1-A3 are general cross-border issues. Sessions B1- B3 focus on specialist areas.<br />
Sessions C1-C3 are smaller practice issues.<br />
Breakout Sessions – Tuesday 23 February<br />
Please choose ONE session from each group<br />
Sessions: 10.00am – 11.15am Sessions: 11.45am – 1.00pm Sessions: 2.15pm – 3.30pm<br />
A1 Role of <strong>the</strong> Regulators A2 Valuation A3 Real Estate in Distress<br />
B1 MENA Region B2 <strong>Corporate</strong> <strong>Governance</strong> B3 Ponzi Schemes<br />
C1 Personal Insolvency C2 Practice Management C3 Turnaround and Burial Issues<br />
Social Functions – Conference Delegates and Registered Accompanying Persons Only<br />
Please tick <strong>the</strong> box to confirm attendance at <strong>the</strong> social functions<br />
Welcome Cocktail Reception on Sunday 21st February Gala Dinner on Tuesday 23rd February <br />
Payment Summary<br />
If you wish to pay by cheque we can accept payment in Pounds Sterling. If you wish to pay by credit card<br />
please make <strong>the</strong> calculations and payment in Pounds Sterling. Cardholders will be charged by <strong>the</strong>ir credit card<br />
companies in <strong>the</strong>ir local currency. <strong>INSOL</strong> International is not responsible <strong>for</strong> any losses or gains in <strong>the</strong> fee due<br />
to currency changes.<br />
Delegate Fee: £ Accompanying Person’s Fee: £ Total: £<br />
I enclose a cheque/draft to <strong>the</strong> order of:<br />
Please debit my credit card details below <strong>for</strong> <strong>the</strong> order of:<br />
American Express MasterCard Visa Debit Card <br />
Surcharge Fee: Delegates paying with MasterCard/Visa/American Express will be charged a 2% surcharge to<br />
cover <strong>the</strong> credit card transaction fee. The additional charge will be added to your final invoice. Direct debit cards<br />
do not incur any additional surcharges.<br />
Card Number: Expiry Date: Security No:<br />
Cardholder Name:<br />
Card Billing Address (if different from address on previous page):<br />
Signature:<br />
Date:<br />
Special Dietary Requirements<br />
If you have any dietary restrictions, please remember to identify yourself to <strong>the</strong> staff at each event.<br />
<strong>INSOL</strong> will try <strong>the</strong>ir best to accommodate any special dietary requests:<br />
Additional Requirements<br />
The Madinat Jumeirah is fully wheelchair accessible. If you require fur<strong>the</strong>r in<strong>for</strong>mation please contact us.<br />
Hotel:<br />
Please indicate <strong>for</strong> our records which hotel you will be staying at:<br />
5
Hotel Reservation Form<br />
Reservation Deadline: 18th January 2010<br />
(Reservations after this date cannot be guaranteed, and will be subject to availability)<br />
All hotel bookings are <strong>the</strong> responsibility of <strong>the</strong> individual delegate to make and cancel directly with <strong>the</strong> hotel.<br />
This reservation <strong>for</strong>m does not serve as a confirmation. A written confirmation will be sent to you by Madinat<br />
Jumeirah after receipt of this reservation request <strong>for</strong>m.<br />
Cancellations: Cancellation received 31 days prior to arrival – no charge. In <strong>the</strong> event of “NO-SHOW” on <strong>the</strong><br />
date of arrival/or cancellation within 30 days prior to arrival, a 100% cancellation fee <strong>for</strong> all room nights will apply<br />
<strong>for</strong> <strong>the</strong> duration of <strong>the</strong> stay.<br />
No show charges to apply without a notification from <strong>the</strong> hotel.<br />
Madinat Jumeirah, PO BOX 75157, DUBAI, UAE , Tel: +971 4 366200 Fax: +971 4 3016050<br />
Email: reservations@jumeirah.com.<br />
Reservations should be made directly with <strong>the</strong> Madinat Jumeirah by returning this <strong>for</strong>m to fax number<br />
+971 4 3016050. You can also make your reservation online at: www.jumeirah.com<br />
Using Group Code: INS170210<br />
Title: First Name: Last Name:<br />
Designation:<br />
Company Name:<br />
Address:<br />
City: State: Country: Postal Code:<br />
Telephone Number:<br />
Fax Number:<br />
Email Address:<br />
Country code / Area code / Tel<br />
Country code / Area code / Fax<br />
Arrival Date: (DD) / (MM)/ 2010 Departure Date: (DD) / (MM)/ 2010<br />
Arrival Flight #: ETA: Departure Flight #: ETD:<br />
VISA Required: Yes No<br />
The Madinat Jumeirah can organise a Tourist visa <strong>for</strong> your stay. Please see <strong>the</strong> general in<strong>for</strong>mation page of this<br />
registration brochure.<br />
Airport Transfer: Yes No<br />
<strong>Dubai</strong> Airport transfers can be arranged by private car at a charge of AED 375.00 per car per way<br />
(Maximum 3 guests per car)<br />
I would like to reserve at <strong>the</strong> Madinat Jumeirah (please indicate preferred category and rate below):<br />
Request only: Non Smoking Smoking<br />
Mina A’Salam<br />
Al Qasr<br />
Arabian Deluxe Room – Single AED 1700.00 Deluxe Arabian Room – Single AED 1900.00<br />
Arabian Deluxe Room – Double AED 1800.00 Deluxe Arabian Room – Double AED 2000.00<br />
• Above room rates are quoted in AED and are per room per night.<br />
• All room rates are subject to an additional 10% municipality fee and 10% service charge<br />
• The rate does not include breakfast<br />
I wish to guarantee my reservation: (please complete credit card/charge card details)<br />
American Express Diners Club Master Card Visa Card<br />
Credit Card Number:<br />
Cardholder Name (please print):<br />
Expiry Date:<br />
Please be advised that your reservation <strong>for</strong>m will be honoured only if guaranteed by a credit card or any<br />
o<strong>the</strong>r <strong>for</strong>m of payment in advance. Kindly attach a copy of credit card (front & back).<br />
6
Registration In<strong>for</strong>mation<br />
Payment: Conference payments by cheque can be made in Pounds Sterling (£) and made payable to:<br />
<strong>INSOL</strong> International Limited. Payment should be sent toge<strong>the</strong>r with your registration <strong>for</strong>m to <strong>INSOL</strong> International,<br />
2-3 Philpot Lane, London, EC3M 8AQ.<br />
Payment can be made by personal or company cheque. Please ensure that <strong>the</strong> name of <strong>the</strong> delegate and/or<br />
accompanying guest and company is written clearly on <strong>the</strong> back of all cheques, which accompany <strong>the</strong> registration<br />
<strong>for</strong>m. Cheques must be made payable to <strong>INSOL</strong> International Limited <strong>for</strong> <strong>the</strong> Conference fee.<br />
If you wish to pay by credit card we accept Visa, Mastercard and American Express. All payments debited from<br />
your credit card will be in Pounds Sterling (£). Cardholders will be charged by <strong>the</strong>ir credit card companies in <strong>the</strong>ir<br />
local currency. <strong>INSOL</strong> International is not responsible <strong>for</strong> any losses or gains in <strong>the</strong> fee due to currency changes.<br />
Credit Card Surcharge Fee: Delegates paying with MasterCard/Visa/American Express will be charged a 2%<br />
surcharge to cover <strong>the</strong> credit card transaction fee. The additional charge will be added to your final invoice.<br />
Direct debit cards do not incur any additional surcharges<br />
Disclaimer: <strong>INSOL</strong> International (<strong>INSOL</strong>) cannot accept any liability <strong>for</strong> any loss, cost or expense suffered or<br />
incurred by any person if such loss is caused or results from <strong>the</strong> act, default or omission of any person o<strong>the</strong>r than<br />
an employee or agent of <strong>INSOL</strong> International. In particular <strong>INSOL</strong> cannot accept any liability <strong>for</strong> losses arising from<br />
<strong>the</strong> provision of services provided by hotel companies or transport operators. Nor can <strong>INSOL</strong> accept liability <strong>for</strong><br />
losses suffered by reason of war, including threat of war, riots, and civil strife, terrorist activity, natural disaster,<br />
wea<strong>the</strong>r, fire, flood, drought, technical mechanical or electrical breakdown within any premises visited by<br />
delegates or <strong>the</strong>ir guests in connection with <strong>the</strong> Conference, industrial disputes, government action, regulations or<br />
technical problems which may affect <strong>the</strong> services provided in connection with <strong>the</strong> Conference. <strong>INSOL</strong> is not able<br />
to give any warranty that any person will appear as a speaker or panellist. English Law shall govern <strong>the</strong> contract<br />
between delegates, accompanying persons and <strong>INSOL</strong> International and any disputes shall be <strong>the</strong> exclusive<br />
preserve of <strong>the</strong> English Courts.<br />
Copyright: Copyright in all software, papers and o<strong>the</strong>r material produced <strong>for</strong> <strong>the</strong> Conference will be vested in<br />
<strong>INSOL</strong>. Companies and <strong>the</strong>ir delegates may copy such material <strong>for</strong> <strong>the</strong>ir personal use, but fur<strong>the</strong>r copying, and in<br />
particular copying <strong>for</strong> sale or any o<strong>the</strong>r commercial purpose is prohibited without prior permission.<br />
Travel & Health Insurance: <strong>INSOL</strong> International shall not be responsible <strong>for</strong>, and shall be exempt from, all liability<br />
in respect of any loss, damage, injury, accident, delay or inconvenience to any person during <strong>the</strong> tours or<br />
Conference. It is <strong>the</strong> delegate and accompanying person’s responsibility to be adequately insured in case of<br />
claims pertaining to travel/accidents and illness <strong>for</strong> <strong>the</strong> duration of your visit to <strong>Dubai</strong>, UAE.<br />
Cancellation of <strong>the</strong> Conference by <strong>the</strong> Organisers and Insurance: In <strong>the</strong> event that <strong>the</strong> Conference is cancelled<br />
by <strong>INSOL</strong>, or by any reason of any factor outside <strong>the</strong> control of <strong>INSOL</strong>, and cannot take place, <strong>the</strong> amount of <strong>the</strong><br />
Registration fee shall be refunded. The liability of <strong>INSOL</strong> shall be limited to that refund, and <strong>INSOL</strong> shall not be<br />
liable <strong>for</strong> any o<strong>the</strong>r loss, cost or expense, howsoever caused, incurred or arising. In particular, <strong>INSOL</strong> shall not be<br />
liable to refund any travel costs incurred by delegates or <strong>the</strong>ir guests or <strong>the</strong>ir companies. It follows that delegates<br />
and <strong>the</strong>ir guests and <strong>the</strong>ir companies are advised to take out comprehensive insurance including travel insurance.<br />
Cancellations of attendance by Delegates: All cancellations must be made in writing and sent to <strong>INSOL</strong><br />
International, 2-3 Philpot Lane, London, EC3M 8AQ United Kingdom. The policy regarding <strong>the</strong> refund of<br />
registration fees is as follows:<br />
Cancellations received up to and including 21 January 2010<br />
There will be a cancellation fee of £50 per delegate and/or accompanying guest, which will cover <strong>the</strong> production<br />
of delegate materials and administration expenses.<br />
Cancellations received after 21 January 2010<br />
It is regretted that from this date, <strong>the</strong>re will be no refund of registration fees received, and delegates will be liable<br />
<strong>for</strong> <strong>the</strong> total cost of any outstanding fees relating to <strong>the</strong> Conference. A substitute maybe put <strong>for</strong>ward to fill your<br />
delegate’s place.<br />
Confirmation of Cancellation: If no written confirmation of <strong>the</strong> cancellation is received within 24 hours please<br />
contact <strong>INSOL</strong> International and ensure <strong>the</strong> cancellation has been received.<br />
Hotel Bookings and Cancellations: All hotel bookings are <strong>the</strong> responsibility of <strong>the</strong> individual delegate to make and<br />
cancel directly with <strong>the</strong> hotel. Credit card guarantee is required at time of reservations.<br />
Please note <strong>the</strong>, Madinat Jumeirah operate <strong>the</strong> following cancellation policy: All cancellations must be made 30 days<br />
prior to arrival, cancellations after that will result in a late cancellation charge equivalent to <strong>the</strong> full duration of stay.<br />
Guaranteed reservations will be held until midnight on <strong>the</strong> day of <strong>the</strong> confirmed arrival date. Thereafter,<br />
guestrooms will be subject to availability.<br />
No Show Policy: Should you fail to arrival at <strong>the</strong> hotel on <strong>the</strong> date stipulated by yourself, you will be charged<br />
100% no-show fees.<br />
Conference Registration via <strong>the</strong> net: Registrations can also be made via <strong>the</strong> <strong>INSOL</strong> website at www.insol.org<br />
7
2.15pm – 3.15pm Breakout Sessions<br />
3.15pm – 3.30pm Delegate discussion<br />
A3 Real estate in distress: Bankruptcy and restructuring cases<br />
Leading experts dealing with international real estate collapses will speak to <strong>the</strong><br />
delegates on <strong>the</strong> implications of <strong>the</strong> world-wide downturn in real estate values.<br />
How are banks, borrowers, and distressed investors handling <strong>the</strong> problems and<br />
opportunities of <strong>the</strong> bubble bursting? Capital adequacy implications <strong>for</strong> lenders<br />
<strong>for</strong> thus far failing to fully mark to market coming commercial real estate losses;<br />
and comparative issues in prime/sub-prime real estate lending-particularly in<br />
Spain, UK, China, Australia, and USA are some of <strong>the</strong> topics to be discussed.<br />
B3 Ponzi schemes: A recent discovery?<br />
What is a typical Ponzi scheme? How can Ponzi schemes endure <strong>for</strong> so long?<br />
What safeguards can be introduced to avoid Ponzi schemes from re-occurring?<br />
Should <strong>the</strong> regulators play a much greater role to ensure that appropriate<br />
safeguards are implemented by banks? Can <strong>the</strong> liquidator “claw-back” dividends,<br />
repaid capital and/or interest from <strong>the</strong> investors? How will <strong>the</strong> liquidator be<br />
funded to claim “claw-backs” from <strong>the</strong> investors? Discuss and debate <strong>the</strong>se<br />
interesting issues with our panel of experts.<br />
C3 Surgeon or undertaker? Dealing with turnaround and burial issues in a<br />
credit crunch<br />
This session will cover practical dilemmas that arise when dealing with an<br />
insolvent company. Getting <strong>the</strong> client to take early advice; pressure on lenders to<br />
give adequate consideration to small lends; <strong>the</strong> lack of sources of new finance;<br />
<strong>the</strong> attitude of <strong>the</strong> tax authorities and <strong>the</strong> capabilities of small practitioners to<br />
deal with turnarounds will be some of <strong>the</strong> discussion points.<br />
3.30pm – 4.00pm Networking Coffee Break, Joharah Ballroom Foyer<br />
4.00pm – 5.00pm Plenary – Storms of <strong>the</strong> recent past and managing future challenges<br />
Our panel of experts will highlight and debate several controversial questions.<br />
Has all <strong>the</strong> work in relation to cross-border protocols and law change been in<br />
vain? Have we spent <strong>the</strong> last two years propping up lame duck businesses?<br />
Do we confuse what insolvency and restructuring is? How do we deal with <strong>the</strong><br />
spiralling costs of restructuring and are <strong>the</strong> professions really providing value?<br />
Should we have done anything differently?<br />
5.00pm<br />
Close of Conference<br />
7.00pm – 10.00pm Gala Dinner, Majlis Al Salam<br />
Sponsored by AlixPartners LLP<br />
The Technical Programme may be subject to change.<br />
Continuing Professional Education<br />
For those delegates who are required by <strong>the</strong>ir professional associations to achieve minimum levels of<br />
continuing education, certificates of attendance will be available on request.<br />
The Law Society of England and Wales<br />
The Law Society of England and Wales has accredited this conference <strong>for</strong> 11.5 hours of CPE. The relevant<br />
<strong>for</strong>m is in your delegate pack. The reference number is BXZ/INSO. Please complete your <strong>for</strong>m and leave it<br />
in <strong>the</strong> boxes at <strong>the</strong> back of <strong>the</strong> plenary room, a prize draw will be announced at <strong>the</strong> Gala Dinner.<br />
For those delegates who are required by <strong>the</strong>ir professional associations to achieve minimum levels of<br />
continuing education, certificates of attendance will be available on request.<br />
New York and many US states have adopted procedures to extend comity to jurisdictions whose CLE<br />
accreditation standards meet <strong>the</strong>ir standards. The Law Society of England and Wales is one of <strong>the</strong>se<br />
approved jurisdictions.<br />
The ICPAS has accredited this conference <strong>for</strong> 12 hours of CPE.<br />
The IPAS has accredited this conference <strong>for</strong> 12 hours of CPD.<br />
The Canadian Association of Insolvency and Restructuring Professionals (CAIRP) has<br />
approved <strong>the</strong> conference <strong>for</strong> <strong>the</strong>ir Mandatory Professional Development Credits.<br />
8
Sponsors<br />
<strong>INSOL</strong> International would like to thank <strong>the</strong> following sponsors <strong>for</strong> <strong>the</strong>ir generous support of <strong>INSOL</strong> <strong>Dubai</strong>.<br />
Main Sponsors:<br />
Begbies Global Network • BMC Group<br />
Griffins Licensed Insolvency Practitioners • Seabury Group LLC<br />
General Sponsors: AlixPartners LLP, BTG Mesirow Financial Consulting, Derra, Meyer & Partner, Financial<br />
Times, Greenberg Traurig. LLP, hww wienberg wilhelm, PricewaterhouseCoopers<br />
Sponsorship opportunities are available <strong>for</strong> this conference. Please contact claireb@insol.ision.co.uk<br />
<strong>for</strong> more details.<br />
Main Organising Committee<br />
Peter Spratt PricewaterhouseCoopers Co-Conference Chair<br />
Dr. Nasser Saidi <strong>Hawkamah</strong> <strong>Institute</strong> <strong>for</strong> Co-Conference Chair<br />
<strong>Corporate</strong> <strong>Governance</strong><br />
Mark Byers Grant Thornton Treasurer<br />
Maurice Moses Ernst & Young Technical Co-Chair<br />
Lars Westpfahl Freshfields Bruckhaus Deringer Technical Co-Chair<br />
Technical Programme Committee<br />
Maurice Moses Ernst & Young Technical Co-Chair<br />
Lars Westpfahl Freshfields Bruckhaus Deringer Technical Co-Chair<br />
Andrew Brozman<br />
Clif<strong>for</strong>d Chance LLP<br />
Ian Carson<br />
PPB<br />
Adrian Doble<br />
Vantis<br />
Bill Gambrill<br />
M.A.C Davidson & Associates<br />
Leonard Goldberger<br />
Stevens & Lee PC<br />
Christopher Grierson Lovells LLP<br />
Gerald Krasner<br />
Begbies Global Network<br />
Feisal Naqvi<br />
Bhandari, Naqvi & Riaz<br />
Harry Rajak<br />
Sussex Law School, Sussex <strong>Institute</strong><br />
Rupinder Singh Suri<br />
Suri & Co<br />
Paul Winer<br />
Werksmans Incorporating Jan S. de Villiers<br />
Michael Veder<br />
Utrecht School of Law<br />
The Group of Thirty-Six features some of <strong>the</strong> most prominent and influential firms within <strong>the</strong><br />
insolvency and turnaround profession. The aim of <strong>the</strong> Group of Thirty-Six is to work with <strong>INSOL</strong> to<br />
develop best practice guidelines and develop legislation to enhance <strong>the</strong> ability of practitioners<br />
globally to save businesses throughout <strong>the</strong> world.<br />
AlixPartners LLP<br />
Allen & Overy LLP<br />
Alvarez & Marsal LLC<br />
Baker Tilly<br />
Begbies Global Network<br />
Bingham McCutchen LLP<br />
Cadwalader Wickersham & Taft LLP<br />
Chadbourne & Parke LLP<br />
Cleary Gottlieb Steen & Hamilton LLP<br />
Davis Polk & Wardwell<br />
De Brauw Blackstone Westbroek<br />
Deloitte LLP<br />
Ernst & Young<br />
Ferrier Hodgson<br />
Freshfields Bruckhaus Deringer<br />
Goodmans LLP<br />
Grant Thornton<br />
Greenberg Traurig LLP<br />
Huron Consulting Group LLC<br />
Jones Day<br />
Kaye Scholer LLP<br />
Kirkland & Ellis LLP<br />
KPMG LLP<br />
Linklaters LLP<br />
Lovells LLP<br />
Norton Rose LLP<br />
Pepper Hamilton LLP<br />
PPB<br />
PricewaterhouseCoopers<br />
RSM <strong>Corporate</strong> Advisory Services<br />
Skadden, Arps, Slate, Meagher &<br />
Flom LLP<br />
Shearman & Sterling LLP<br />
Vantis<br />
Weil, Gotshal & Manges LLP<br />
White & Case LLP<br />
Zolfo Cooper LLP<br />
9
General In<strong>for</strong>mation<br />
Conference Hotel<br />
Madinat Jumeirah<br />
Jumeirah Rd, <strong>Dubai</strong>, United Arab Emirates<br />
Tel: +971 4 3666200 Fax: +971 4 3016050 Email: reservations@jumeirah.com<br />
Web: http://www.jumeirah.com/en/Hotels-and-Resorts/Destinations/<strong>Dubai</strong>/Madinat-Jumeirah/<br />
Check In/Checkout Time: The room as reserved shall be made available <strong>for</strong> occupancy after 1600 hours<br />
on <strong>the</strong> day of arrival. Should delegates wish to occupy <strong>the</strong> room be<strong>for</strong>e 1600 hours, placing a reservation<br />
a night prior to <strong>the</strong> arrival date is recommended. Checkout time is 1200 hours. Daily group rate will be<br />
chargeable <strong>for</strong> late check-out beyond 1200 hours.<br />
The Madinat Jumeirah comprises of 2 grand boutique hotels, Mina A’Salam and Al Qasr, courtyard summer<br />
houses, a traditional souk, Talise Spa, <strong>the</strong> region’s leading conference and banqueting centre, unlimited<br />
recreational facilities and <strong>the</strong> superlative Quay Healthclub. Madinat Jumeirah has 41 restaurants, bars and<br />
cafés. The hotel is designed in <strong>the</strong> style of an ancient citadel capturing <strong>the</strong> essence of “old” <strong>Dubai</strong>.<br />
Mina A’Salam comprises of 280 rooms and 12 suites, all with balconies and sea-facing aspects.<br />
Al Qasr comprises of 260 rooms and 32 suites, all with balconies.<br />
Climate<br />
Winter in <strong>Dubai</strong> tends to fall from January to March. During this period <strong>the</strong> wea<strong>the</strong>r is moderate with a<br />
maximum temperature of 30-degree centigrade and a minimum temperature of around 15-degree<br />
centigrade. During <strong>the</strong> day, <strong>the</strong> wea<strong>the</strong>r remains sunny <strong>for</strong> almost 8 hours.<br />
Currency<br />
The unit of currency in <strong>Dubai</strong> is Dirham. The Dirham is divided into units of 100 fils. Currency notes are<br />
issued in denominations of 5,10,20,50,100,200,500 and 1000 Dirhams. Coin denominations are 1,5,10,25<br />
and 50 fils and 1 Dirham.<br />
Tipping<br />
Tipping <strong>for</strong> service is common in <strong>Dubai</strong>. Service may be included in <strong>the</strong> bill o<strong>the</strong>rwise a 10% tip is<br />
appreciated by <strong>the</strong> service provider. You can tip bellboys 5 or 10 Dirhams or so, as you might do so <strong>for</strong><br />
valet parkers or porters.<br />
Electricity<br />
The electricity supply is 220/230 Volts, 50 Hertz.<br />
Airport<br />
The <strong>Dubai</strong> International Airport is 4km (2.5 miles) from central <strong>Dubai</strong>. A shuttle bus service connects <strong>the</strong><br />
three terminals, departing from outside Arrivals. Allow 20 minutes <strong>for</strong> transfer.<br />
Dress code<br />
Speakers are requested to wear Business Attire. For <strong>the</strong> social functions jackets are required, tie optional<br />
and smart casual to conference sessions.<br />
Language<br />
The official language in <strong>Dubai</strong> is Arabic according to <strong>the</strong> constitution of <strong>the</strong> country, while English is<br />
widely spoken. The language of <strong>the</strong> conference is English.<br />
Joining Instructions<br />
A confirmation of your booking will be sent to you on receipt of receiving your registration and payment.<br />
The joining instructions will be sent by email on 18 January 2010.<br />
Social Functions<br />
Registered accompanying persons attending <strong>the</strong> social functions must be over <strong>the</strong> age of 21.<br />
Department of Tourism and Commerce Marketing<br />
<strong>INSOL</strong> has a letter from <strong>the</strong> Director General of <strong>the</strong> Department of Tourism and Commerce Marketing<br />
welcoming all delegates to <strong>the</strong> <strong>INSOL</strong> Conference in <strong>Dubai</strong> to assist delegates entry into <strong>the</strong> country<br />
<strong>for</strong> this event.<br />
Visa and O<strong>the</strong>r Requirements<br />
It is <strong>the</strong> delegates’ responsibility to ensure <strong>the</strong>y have <strong>the</strong> correct travel documents to enter <strong>the</strong> UAE.<br />
Delegates should check with <strong>the</strong>ir travel agents and/or local UAE Embassy or Consulate <strong>for</strong> current<br />
Visa requirements.<br />
The Madinat Jumeirah offers <strong>the</strong> facility of applying <strong>for</strong> your tourist visa <strong>for</strong> your stay date at a nonrefundable<br />
fee and can be fur<strong>the</strong>r extended subject to approval from <strong>Dubai</strong> Immigration on extra charges.<br />
For fur<strong>the</strong>r in<strong>for</strong>mation please contact tina@insol.ision.co.uk<br />
10
<strong>INSOL</strong> International Member Associations<br />
AMERICAN BANKRUPTCY INSTITUTE (Professional Section) – USA<br />
ASOCIACIÓN ARGENTINA DE ESTUDIOS SOBRE LA <strong>INSOL</strong>VENCIA – ARGENTINA<br />
ASSOCIATION OF BUSINESS RECOVERY PROFESSIONALS – R3 – UK<br />
ASSOCIATION OF HUNGARIAN <strong>INSOL</strong>VENCY LAWYERS – HUNGARY<br />
ASSOCIATION OF <strong>INSOL</strong>VENCY AND RESTRUCTURING ADVISORS – USA<br />
ASSOCIATION OF <strong>INSOL</strong>VENCY PRACTITIONERS OF SOUTHERN AFRICA<br />
BUSINESS RECOVERY AND <strong>INSOL</strong>VENCY PRACTITIONERS ASSOCIATION OF NIGERIA<br />
BUSINESS RECOVERY AND <strong>INSOL</strong>VENCY PRACTITIONERS ASSOCIATION OF SRI LANKA<br />
CANADIAN ASSOCIATION OF <strong>INSOL</strong>VENCY AND RESTRUCTURING PROFESSIONALS<br />
CANADIAN BAR ASSOCIATION (Bankruptcy and Insolvency Section)<br />
CHINA UNIVERSITY OF POLITICS AND LAW, BANKRUPTCY LAW AND RESTRUCTURING RESEARCH CENTRE<br />
COMMERCIAL LAW LEAGUE OF AMERICA (Bankruptcy and Insolvency Section)<br />
CONSIGLIO NAZIONALE DEI DOTTORI COMMERCIALISTI – ITALY<br />
CZECH CHAMBER OF <strong>INSOL</strong>VENCY PRACTITIONERS<br />
ESPECIALISTAS DE CONCURSOS MERCANTILES DE MEXICO<br />
GHANA ASSOCIATION OF RESTRUCTURING AND <strong>INSOL</strong>VENCY ADVISORS<br />
GROUPE DE RÉFLEXION SUR L’<strong>INSOL</strong>VABILITÉ ET SA PRÉVENTION 21 – FRANCE<br />
HONG KONG INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS (Insolvency Interest Group)<br />
HUNGARIAN ASSOCIATION OF <strong>INSOL</strong>VENCY PRACTITIONERS<br />
<strong>INSOL</strong> NEW ZEALAND<br />
<strong>INSOL</strong>AD – VERENIGING <strong>INSOL</strong>VENTIERECHT ADVOCATEN – THE NETHERLANDS<br />
<strong>INSOL</strong>–EUROPE<br />
<strong>INSOL</strong>–INDIA<br />
<strong>INSOL</strong>VENCY PRACTITIONERS ASSOCIATION OF AUSTRALIA<br />
<strong>INSOL</strong>VENCY PRACTITIONERS ASSOCIATION OF SINGAPORE<br />
INSTITUTO BRASILEIRO DE GESTAO E TURNAROUND – BRAZIL<br />
INSTITUTO IBEROAMERICANO DE DERECHO CONCURSAL<br />
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF SINGAPORE (Special Interest group of Insolvency)<br />
INTERNATIONAL ASSOCIATION OF INSURANCE RECEIVERS – USA<br />
INTERNATIONAL WOMEN’S <strong>INSOL</strong>VENCY AND RESTRUCTURING CONFEDERATION<br />
JAPANESE FEDERATION OF <strong>INSOL</strong>VENCY PROFESSIONALS<br />
LAW COUNCIL OF AUSTRALIA (Business Law Section)<br />
MALAYSIAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS<br />
NON-COMMERCIAL PARTNERSHIP SELF-REGULATED ORGANIZATION OF ARBITRATION MANAGERS<br />
“MERCURY” (NP SOAM MERCURY)<br />
NEPALESE <strong>INSOL</strong>VENCY PRACTITIONERS ASSOCIATION<br />
REFor – THE <strong>INSOL</strong>VENCY PRACTITIONERS REGISTER OF THE NATIONAL COUNCIL<br />
OF SPANISH SCHOOLS OF ECONOMICS – SPAIN<br />
RUSSIAN UNION OF SELF-REGULATED ORGANIZATIONS OF ARBITRATION MANAGERS<br />
THE ASSOCIATION OF THE BAR OF THE CITY OF NEW YORK<br />
TURNAROUND MANAGEMENT ASSOCIATION (<strong>INSOL</strong> Special Interest Group) – USA<br />
International Association of Restructuring, Insolvency & Bankruptcy Professionals<br />
2-3 Philpot Lane, London, EC3M 8AQ Tel: +44 (0)20 7929 6679 Fax: +44 (0)20 7929 6678<br />
www.insol.org