eastern european countries - Brinkmann & Partner

The Professional Association for European Restructuring and Insolvency SpecialistsEASTERN EUROPEAN COUNTRIES’COMMITTEE CONFERENCE – EECCA RETURN TO PROSPERITY?7 th EECC CONFERENCE • 26 – 28 MAY 2011RADISSON BLU HOTEL OLÜMPIA • TALLINN – ESTONIAIn cooperation with the Estonian Chamber of Trustees and BailiffsSimultaneous translation into Estonian and Russian languagesMain Sponsor

WelcomeChris LaughtonPresident of INSOL EuropeMarc AndréCo-chair of the EasternEuropean Countries’Committee (EECC)Carlos MackCo-chair of the EasternEuropean Countries’Committee (EECC)Dear Colleagues and GuestsThe 7th EECC conference will take us to Tallinn,the capital of Estonia.Estonia with its 1.3 million people may not be easily found on the map of Europe but it is certainlyworth the effort! This small nation below the edge of Scandinavia amazes with its rich culture andentertainment, enchanting nature and welcoming people. Relatively undiscovered but easilyaccessible, Estonia is a NATO and European Union member, a proud northern nation known for itsrational mindset. Estonia is an e-state with the most up to date technology enabling people toaccess the web throughout the open spaces in the city, pay for their car parking and even voteelectronically. The revolutionary Skype system is an Estonian product.We are fortunate indeed that the conference will be held at the RadissonBlu Hotel Olümpia, Tallinnwith its extensive conference facilities making it a perfect venue for us. The hotel is well situated toappreciate the uniqueness of Tallinn’s cobblestone streets, its winding alleys and intact medieval walls.This year’s INSOL Europe EECC conference promises to be of great importance at a time ofuncertainty over sovereign debt and the resultant threat to the heart of the European financialsystem. The role of the Insolvency Practitioners and their advisers has never been of suchimportance. This year’s technical programme has been developed with this in mind and we are trulygrateful to our joint Technical Programme organisers, Signe Viimsalu and Nigel Davies.The conference programme includes something for everyone and leaves no player or region off theagenda. It represents another valuable opportunity to meet with old friends and establish newcontacts in this most demanding and multi-disciplinary of professions! We address the futureevolution of the EU Insolvency Regulation which mirrors the reality of cross-border operations andfinancing structures in modern business. Relying on a domestic market and network is no longerenough to address the challenges of the 21st Century!In Tallinn we will consider carefully the role debt to equity conversions can play in futurerestructuring projects where liquidation of the assets may not always be the best solution. Whendoes intervention cause more harm than good? Who is at fault when businesses fail? Reflecting theadvanced technologies developed in Estonia, we will look at online asset auctions. The internet isenabling young professionals to develop their futures in a way unimaginable ten years ago. We endwith an assessment of insolvency in the virtual world and its impact on society as a whole.The social programme will be as rich as the technical programme, providing a great balance betweenlearning and leisure, finance and fun! We look forward to saying “Tere!” (welcome in Estonian) toyou in Tallinn. This promises to be one of the biggest and best EECC conferences so far, so do notmiss it!Finally our thanks go to all our sponsors, especially our main sponsor Swedbank, for their generosityenabling us to stage this event.PAGE 2 INSOL Europe’s 7th EECC Conference – Tallinn 2011

TechnicalProgrammeTechnical programmeThursday 26 May 201119.30 – 20.30 Welcome Cocktail ReceptionFriday 27 May 201108.00 – 08.30 Arrival, registration08.30 – 08.45 Warm welcome by INSOL Europe08.45 – 09.00 Warm welcome from Estonia09.00 – 09.30 The Future Evolution of EU Insolvency Regulation09.30 – 11.00 The Baltic Region – Insolvency Successes toDate and Future Restructuring and Investment Potential11.00 – 11.30 Coffee break11.30 – 13.00 The Financial Crisis 12 Months On – Or Has it Gone?13.00 – 14.00 Buffet lunchBreak-out-session 1:14.00 – 15.30 Governmental Challenges Ahead –Which Direction to Take?15.30 – 16.00 Coffee breakSale of Assets Through Civil Enforcement Procedureand Insolvency Proceedings – And The Winner Is?16.00 – 16.30 Restructuring Case Study – Cross Border InsolvencyProceedings – Lessons Learned16.30 – 17.00 Richard Turton Award17.00 – 17.30 Conclusion of the day 119.00 – 23.00 Gala Reception and DinnerPAGE 4 INSOL Europe’s 7th EECC Conference – Tallinn 2011

7th EECC CONFERENCE – 2011Technical programmeSaturday 28 May 201108.30 – 09.00 Welcome back with some coffeeBreak-out-session 2:09.00 – 10.00 Liquidator’s Opinion Out in the Open –How Did I Succeed in Cross-Border Proceedings?09.00 – 10.00 Is that Really a Cross-Border Case on My Table?Court’s Investigation in the Matter10.00 – 10.15 Coffee breakBreak-out-session 2 continues:10.15 – 11.15 Who Got it Wrong? A Comparison of ManagementMistakes and Liability in Cross Border Insolvency Proceedings10.15 – 11.15 Balance Sheets and Cash Flow –A Test of Insolvency and a Test of Practitioners11.15 – 11.30 Coffee breakBreak-out-session 2 continues:11.30 – 12.30 Effective Protection of Insolvent Debtor’s IntellectualProperty and Employees in the Insolvency Proceedings11.30 – 12.30 State Aid in Insolvency Cases in Central and Eastern EuropeBack to the Ballroom:12.45 – 13.15 Insolvency in the Virtual World Influencing theReal World and Society13.15 – 13.30 Closing of the conference13.30 – 14.30 Buffet lunchEvent Speakerswill include:Professor Dr Bob Wessels,University of Leiden, the NetherlandsProfessor Jason Kilborn,The John Marshall Law School,United States of AmericaMs Anna Maria Pukszto,Salans, PolandMs Patricia Godfrey,Nabarro, United KingdomMr Hugo Green,PriceWaterhouseCoopers,Slovak RepublicMr Daniel Bilak, CMS CameronMcKenna, UkraineMr Wim Dieker, TroostwijkAuctions, the NetherlandsMr Maurycy Organa, KuzmaOrgana and Partners, PolandMr Heinz Vallender,German judiciary, GermanyMs Andrea Csöke,Hungarian judiciary, HungaryMs Inese Belicka,Latvian judiciary, LatviaMs Jennifer Handz,Chadbourne & Parke, RussiaMr Risto Agur, Sorainen, EstoniaMs Maria Carlsson,Borenius&Kemppinen, FinlandMs Maivi Ots, Everheads Ots& Co, EstoniaMr Nick Hood, Begbies GlobalNetwork, United KingdomMr Nigel Davies, Grant Thornton,United KingdomINSOL Europe’s 7th EECC Conference – Tallinn 2011 PAGE 5

General ConferenceInformationConference RegistrationThe delegate registration form should be completedand returned to Wendy CooperINSOL Europe, PO Box 7149, Clifton,Nottingham, NG11 6WD, United KingdomTel/Fax: +44 (0) 115 916 0214Email: wendycooper@insol-europe.orgAlternatively, you may register on line at:www.insol-europe.org/eventsA confirmation invoice will be sent to you on receiptof your registration.Early Booking DiscountYour attention is drawn to the early booking discount asshown on the registration form-payment and registrationmust be received before 31 March 2011. No discount willbe allowed for payment received after this date.Hotel AccommodationAs in the past, the EECC has reserved a number of rooms atthe Conference venue and details of how to take advantageof the negotiated rate are printed on page 9.Conference VenueRADISSON BLU HOTEL OLÜMPIA33 Liivalaia. 10118.Tallinn, EstoniaTel: +372 6315 315/6690 691Fax: +372 6690 690Web: www.radissonblu.com/olumpiahotel-tallinnRoom Rate per Night€ 95 Superior Class€ 125 Business ClassRoom rates are inclusive of all taxes and breakfast, fitnesscentre usage and car parking.Joining InstructionsDetailed joining instructions will be sent by email duringApril 2011.Continuing Professional EducationAttendance at this event may contribute to meeting yourCPE requirements. (CPE study time: 11hrs 15mins.) INSOLEurope conferences are accredited in the UK with theSolicitors Regulation Authority under their referenceDOH/INEU.PAGE 6 INSOL Europe’s 7th EECC Conference – Tallinn 2011

7th EECC CONFERENCE – 2011When to ArriveRegistration will start at 14.30 on Thursday 26 Mayand the Welcome Reception will be held in the hotel at19.30. The registration desk will re-open at 08.00 onFriday 27 May.Payment DetailsPayment may be made in Euros or Sterling and can bemade by bank transfer, cheque, credit card or in exceptionalcircumstances, by prior arrangement, in cash. If paying bybank transfer, please instruct your bank to quote yourname and organisation on any transfer and send us a copyof your instruction – further details are shown on theregistration form. Registration may be made online athttp://www.insol-europe.org/events.Travel & Health InsuranceINSOL Europe shall not be responsible for and exemptfrom all liability in respect of any loss, damage, injury,accident or inconvenience to any person during theConference. It is the delegate’s and accompanying person’sresponsibility to be adequately insured in case of claimspertaining to travel/accidents for the duration of their visit.Optional ToursWalking Tour of the Old Town. A coach will take you tothe gates of the old town and the tour will take you toSt. Catherine’s Passage ( craft workshops) and continue tothe Pikk Street – House of Blackheads, Great Guil House,Maiasmokk Cafe (1864), The Church of the Holy Ghost,Town Hall Square and many other historic places.The tour lasts approx. 2 hours and costs € 25 (£21)per person.The Arts Tour of Tallinn – duration approx. 3 hours –cost € 30 (£25) per person (minimum 10 people)Sailing in Tallinn Bay – duration approx. 3 hours –cost € 103 (£90) per person (minimum 8 people)RIB boat ride in Tallinn Bay – duration approx. 1 hour –cost € 65 (£57) per person (minimum 8 people)Saku Brewery visit – duration approx. 4 hours –cost € 65 (£57) per person (minimum 10 people)If you are interested in any of the above tours pleaseemail wendycooper@insol-europe.org There will beanother opportunity to secure places on these tourswhen the joining instructions are circulated.Cancellation of AttendanceRefunds will not be given for any cancellations receivedafter 26 April 2011 although registrations can betransferred with an organisation.INSOL Europe’s 7th EECC Conference – Tallinn 2011 PAGE 7

ConferenceSponsorsINSOL Europe would like to thank the following conference sponsorsat the time of printing, for their generous support of Tallinn 2011.> Main Sponsorwww.swedbank.com> Event Sponsorswww.kpmg.ruwww.hermann-law.comwww.troostwijkauctions.comwww.whitecase.comwww.nipu.bizIf you are interested in sponsoring an event at this year’s conference –please contact Linda Smith lindasmith@insol-europe.orgPAGE 8 INSOL Europe’s 7th EECC Conference – Tallinn 2011

Hotel Reservation FormINSOL Europe EECC Conference 26.05 – 28.05.2011Password: EECC ConferenceBlock code: EEAF270511Rates are valid for period 26.05. – 28.05.2011Full Name7th EECC CONFERENCE – 2011Contact phoneFaxContact emailArrival DateDeparture DateTime of arrivalTime of departureNumber of rooms required (room rate per room per night)No. ofpersonsDouble ortwin bed*SpecialrateRadisson Blu Hotel Olümpia33 Liivalaia, 10118 Tallinn, EstoniaTel: +372 6 315 315www.radissonblu.com/olumpiahotel-tallinnSuperior ClassBusiness Class95 EUR125 EUR* Double or twin beds upon availability.RATES ARE VALID FOR RESERVATIONS RECEIVED BEFORE 12.05.2011Superior Class rooms located only on upper floor. Rate includes additionally comfortable Jenson beds, ironing andcoffee/tea making facilities.Business Class rooms includes additionally Old Town view, complimentary Breakfast in Bed, bathrobes and slippers, freemovies, Turn Down Service, wider selection of bathroom amenities.RESERVATIONS RECEIVED AFTER 12.05.2011 – The hotel reserves the right to offer rooms upon availability with bestavailable rate.Check-in starts at 14.00 hrs, check-out until 12.00 noon.CANCELLATION POLICY:• 1 day before arrival cancellations 100% free of charge• before 12.00 am (noon) on the day of arrival will be charged first night room rateAll reservations must be guaranteed with credit card or payment, non guaranteed reservations are not accepted.Credit card number and expire dateCard holder’s signaturePlease send your filled in form by email: estonia.sales@radissonblu.com or by fax: +372 6690 691Additional information visit www.radissonblu.com/olumpiahotel-tallinn or by tel: +372 6690 690Confirmation request?DateYes/NoFax/EmailSignatureINSOL Europe’s 7th EECC Conference – Tallinn 2011 PAGE 9

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7th EECC ConferenceRegistration FormPLEASE USE BLOCK CAPITALS ONLYPlease note: that this form is for registration only. Accommodation can be reserved directly with the hotel on the previous leaf.Title .................................. First Name..............................................................................Surname .............................................................................Firm/Company...................................................................................................................................................................................................................Profession e.g. Accountant, Lawyer, etc....................................................................................................................................................................Address..................................................................................................................................................................................................................................................................................................................................................................................Country...............................................................................Tel .................................................................. Fax ................................................................Email ....................................................................................7th EECC CONFERENCE – 2011Accompanying person (if applicable)Title .................................. First Name..............................................................................Surname .............................................................................Registration feesDeadline for early booking fee is 31st March 2011Early bookingfee € EurosEarly bookingfee £ GBPLate bookingfee € EurosLate bookingfee £ GBPEastern European Delegate€ 200£ 170€ 250£ 215(INSOL Europe Member or Non Member)INSOL Europe Member€ 450£ 385€ 500£ 430Non Member€ 550£ 470€ 600£ 515Accompanying Person (All meals)n/an/a€ 100£ 85Accompanying Personn/an/a€ 55£ 45(Gala Dinner only)Total €/£The delegate registration fee includes entry to all technical sessions on Friday 27th may and Saturday 28th May, all conference materials, the conference lunches on Friday 27th May andSaturday 28th May, the networking dinner on Friday 27th May and all the coffee breaks.Preferred choice of break-out session: (See Technical Programme) Tick 4 boxes (1 from each time).Friday 27 MayBreak-out nameTimeTick√Saturday 28 MayBreak-out nameTimeTick √Governmental Challenges Ahead – WhichDirection to Take?Sale of Assets Through Civil Enforcment Procedureand Insolvency Proceedings – And The Winner Is?14.0014.00Liquidator’s Opinion Out in the OpenIs that Really a Cross-Border Case on My Table?Who Got it Wrong?Balance Sheets and Cash Flow09.0009.0010.1510.15Effective Protection of Insolvent11.30State Aid in Insolvency Cases11.30Gala Dinner Friday 27 May 2011I / We will be attending the Gala Evening Yes NoMethod of payment (please tick box and complete relevant section)I enclose a cheque payable to INSOL Europe in EUR/GBPI am arranging for a bank transfer in Euros (EUR) to INSOL Europe Account No. 10014265, Royal Bank of Scotland, Sort Code 16.10.85,IBAN No. GB44 RBOS 1610 8510 0142 65, BIC/Swift Code RBOS GB 2LI am arranging for a bank transfer in Sterling (GBP) to INSOL Europe Account No. 10217429, Royal Bank of Scotland, sort code 16.26.32,IBAN No. GB37 RBOS 1626 3210 2174 29. BIC/Swift Code RBOS GB 2LPlease debit my Visa/Mastercard card with the amount of EUR/GBP. Euros € .................................................... GBP £ ....................................................My card number is.................................................................................................................................................. Expiry Date.............................................Security Code (last 3 or 4 digits on reverse of card) ...............................................................................................................................................................Name of cardholder shown on card........................................................................................................................................................................................Card billing address (if different from above)..........................................................................................................................................................................Please return this form toWendy Cooper, INSOL Europe, P O Box 7149, Clifton, Nottingham NG11 6WD, UKTel/Fax: +44 115 916 0214 Email: wendycooper@insol-europe.orgINSOL Europe’s 7th EECC Conference – Tallinn 2011 PAGE 11

INSOL Europe General SponsorsAcademic Forum SponsorsExperts in all aspects ofinsolvency and restructuring2 Stone Buildings, Lincoln’s InnLondon WC2A 3TH T: (+44) 020 7691 4000E: christopher.berry@edwincoe.comwww.edwincoe.comGeneral and Congress SponsorshipOpportunities exist within INSOL Europetogether with advertising in our quarterlyjournal ‘eurofenix’.For a list of promotional sponsorship benefits,please contact: David Rubin at david@drpartners.comor Linda Smith at lindasmith@insol-europe.org