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Blog 2016

2016-11-doc6 Business rescue conference Leiden 16-17 Nov 2016

Over 30 experts (judges, practitioners, scholars), representing around 15 jurisdictions, meet 16 and 17 November 2016 in Leiden during the Conference on the European Law Institute (ELI) Project 'Rescue of Business in Insolvency Law'. It is hosted by the University of Leiden (departments of Business Studies and Corporate Law). The Conference chairs are Prof. Stephan Madaus and myself, both Reporter for the project. The conference is sponsored by the EU Commission. Main topics are an update on national insolvency and restructuring regimes (provided by around 8 National Corrspondents from EU Member States to the project, the Implementing, Modifying, and Revoking of Confirmed Plans and the Actors in insolvency and restructuring proceedings, such as courts and insolvency practitioners. See the draft programme. There are still some places (entry to the conference will be free of costs). For info, go to businessrescue@europeanlawinstitute.eu

2016-11-doc5 DIP? Who's he?

DIP stands for debter in possesion, generally: the board of a company that continues to manage the business while in bankruptcy U.S. Code Chapter 11). The debtor in possession (DIP), as a concept, will be introduced on a European level, when in June 2017 the EU Insolvency Regulation (Recast) will become effective. In this contribution to Global Restructuring Revue (GRR) some remarks on the concept of the DIP, the troublesome translation of the term DIP in some languages of the Member States and an overview of the powers of the DIP, see  http://globalrestructuringreview.com/article/1072564/europe-column-eu-welcomes-the-debtor-in-possession?utm_source=Law%20Business%20Research&utm_medium=email&utm_campaign=7719217_GRR%20Headlines%2007%2F11%2F2016&dm_i=1KSF,4LG6P,LUHSRN,H2PY5,1

2016-11-doc4 Ethics & Moral Hazard in the Banking Union

Integrity and ethics in the financial sector is the core theme during a symposium on November 10, in Leiden, the Netherlands. The European resolution mechanism and the possible European deposit insurance scheme aim to create strong safety nets for the Eurozone financial system. At the same time one may argue that these safety nets lead to greater risk taking, and thus to greater instability. Various parties, such as bank managers, shareholders, depositors and financial counterparties might put their trust in Member States bailing them out. What’s more, Member States might think that Europe will bail out their national banking systems. Can unacceptable risk taking by bank management be prevented? Would the Resolution Fund and asset management resolution tool be incentives for higher risk taking by bank management? Have depositors and financial counterparties become less risk averse knowing there are two emergency funds? Does the banking union increase moral hazard of member states? Participants to the discussions are Frank Elderson (Dutch Central Bank), Petra van Hoeken (Rabobank), Jan Reinder de Carpentier (Single Resolution Board) and Karl-Philipp Wojcik (European Commission). The event will be chaired by professor Matthias Haentjens (Leiden University) and dr. Gijsbert ter Kuile (European Central Bank). This symposium is organized by the Hazelhoff Centre for Financial Law, Leiden Law School, with support of EURO-CEFG. The European Research Centre for Economic and Financial Governance (EURO-CEFG) is an international multidisciplinary network of leading researchers and societal stakeholders initiated by researchers from Leiden University, Delft University of Technology and Erasmus University Rotterdam. EURO-CEFG conducts interdisciplinary research (law, economics and political science) and contributes to current debates in public and in academia on issues relating to European and global economic and financial governance. See http://www.euro-cefg.eu/ Location: the historic Academy Building in Leiden, the Netherlands, located at Rapenburg 73, Leiden. Conference fee EUR 150 | Discount rate EUR 120 (full-time academics and students) More information & registration via http://www.leidenlawconference.nl/8-conferences/17-ethics-and-moral-hazard-in-the-european-banking-union#prize.

2016-11-doc3 ABI Student writing competition

ABI The American Bankruptcy Institute (ABI) recently announced its Ninth Annual ABI Bankruptcy Law Student Writing Competition. ABI invites papers on current issues regarding bankruptcy jurisdiction, bankruptcy litigation, or evidence in bankruptcy cases or proceedings, addressing business or consumer cases. Papers could include matters such as bankruptcy sales, plan confirmation and other topics that involve jurisdiction, litigation or evidence in the bankruptcy courts. Where some of these topics are addressed in the EU too, I would be interested in reading a comparative paper. Papers must be submitted no later than March 1, 2017 and dating anytime after March 1, 2016). It's a competition, therefore there are prizes to win. Available awards include $4,000 in prize money and publication in the prestigious ABI Journal and ABI committee newsletters. Winners of the competition will be announced in April 2017. ABI will also provide one-year ABI memberships to all students who participate. The First Place Winner, sponsored by Blank Rome, LLP, will receive a prize of $2,000, plus publication of his or her paper in the prestigious ABI Journal. The Second and Third Place Winners will receive cash prizes ($1,250 or $750 respectively), plus publication of his or her paper in an ABI committee newsletter. Further info via http://papers.abi.org/  

2016-11-doc2 Serie Wessels Insolventierecht 4e druk compleet?

Chapeau! Hiermee is de 4e druk van dit unieke handboek nu compleet! Dit schreef Paul van Appeven in zijn maandelijkse nieuwsbrief met boekaankondigingen. Deze uitvoerige en overzichtelijke nieuwsbrief wordt aan klanten  rondgestuurd en verschijnt enkele dagen daarna op http://www.jurilogie.nl/. Jurilogie (het geschreven woord over het recht) schreef de aangehaalde zin naar aanleiding van het verschijnen van Wessels Insolventierecht I, het deel over Faillietverklaring, 2 weken geleden, zie http://bobwessels.nl/2016/10/2016-10-doc11-nieuwe-druk-wessels-i-faillietverklaring/. De 'chapeau!' zet ik met plezier op, maar ik wil trouwe lezers/gebruikers van de serie niet op het verkeerde been zien staan: de 4e druk is nog niet compleet. Stukje historie: de eerste druk van deze tiendelige serie verscheen tussen 1999 en 2003. Haar wortels liggen in een degelijk, maar oud werk, het boek ‘Faillissement en Surseance van betaling’, onderdeel van mr. M. Polak’s Handboek van het Nederlandse Handels- en Faillissementsrecht, eerste druk 1910, waarvan in 1972 de laatste, 7e druk verscheen in de bewerking van mr. N.J. Polak. De tweede druk van de serie Wessels Insolventierecht verscheen tussen 2006 en 2009, de derde druk van alle delen tussen 2010 en 2012, met de huidige vierde druk heb ik begin 2013 een aanvang gemaakt en sindsdien zijn 8 delen verschenen (Delen I, II, III, IV, V, VI, VII, VIII). Deel X richt zich op internationaal insolventierecht. In overleg met de uitgever is in 2015 besloten om Deel X in twee afzonderlijke boeken te splitsen, het eerste boek International Insolvency Law. Part I Global Perspectives on Cross-Border Insolvency Law is in December 2015 is verschenen. Aan het tweede boek, International Insolvency Law. Part II European Insolvency Law, werk ik momenteel. De kopij hoop ik in het 2e kwartaal 2017 naar de uitgever (Wolters Kluwer) te sturen, waarna ik het laatste deel, Deel IX Schuldsanering natuurlijke personen, in het laatste kwartaal van 2017 hoop af te ronden. Bij het uitkomen daarvan is inderdaad de 4e druk compleet. Ik hoop natuurlijk dat Paul me dan nog een keer een hoedje geeft.