Debtwire Week

room Live Virtual Event

This year, panelists will deep dive into the growing number of restructuring situations. We go behind the scenes of major restructuring cases, get the latest on the Dutch scheme of arrangement and investment opportunities in the NPL markets across Europe and much more. You will have the opportunity to network with the restructuring community - distressed investors, private equity funds and workout bankers, restructuring lawyers, financial advisors and NPL experts.

Extend your network

  • Position your business for the future
  • Make the connections you need to generate new business opportunities for your firm.

Understand what is really happening

  • 09:00

    Time to log in

  • 09:30
  • 09:35

    Keynote: European outlook, views on the European landscape

    The keynote will focus his speech on the current market environment and opportunities.

  • 09:45

    Presentation: Restructuring data

    The Debtwire restructuring database team will give an overview of the main restructuring processes that have taken place in recent months across Europe, analysing the types of proceedings being used, key players and trends relevant to business development research.

    Joshua Friedman
    Joshua Friedman
    Global Head of Restructuring Data, Debtwire
  • 10:00

    Live virtual panel: Restructuring and market outlook

    This session will outline the restructuring trends and market outlook in Europe after the impact of COVID-19, and what the opportunities are for distressed investors. 

    • How investors will source opportunities in the following years?
    • Which regions and sectors are investors focusing their origination efforts on? 
    • What do investors perceive as the main challenges to investing in distressed debt or special sits?
  • 10:40

    Networking break

  • 11:00

    Virtual panel: Dutch scheme of arrangement

    In May, the Dutch Parliament adopted legislation that introduced the highly anticipated Dutch scheme of arrangement, finally affording the Netherlands a fit-for-purpose restructuring framework. The scheme, which swings into action in the autumn, will offer an alternative route for those Dutch debtors who, to date, have followed the well-trodden path to London’s High Court to take advantage of the UK scheme. 

    On stage, a representative partner from Dutch low firm Resor will explain the similarities and advantages of the new scheme, compared to the UK scheme of arrangement and US Chapter 11 proceedings, that might be used by overseas companies in the future. 

    Hossein  Dabiri
    Hossein Dabiri
    Head of Court Reporting EMEA, Debtwire
  • 11:30

    Virtual panel: Case Study on Lecta

    Spanish paper manufacturer Lecta has been at the centre of the restructuring stage since late last year, when it initiated negotiations with bondholders as well as relationship banks to overhaul its capital structure. 

    The company appeared before the London High court in December 2019 to implement its balance sheet rework via a UK Scheme of Arrangement, following in the footsteps of several other Spanish companies. Concurrently, the company decided to launch a Spanish Scheme, in what has been a unique case to date. The case study will examine the various steps of the transaction and what it changes in the approach towards restructuring for Spanish debtors.

    Iben  Madsen
    Iben Madsen
    Partner, Willkie Farr & Gallagher
  • 12:00

    Live virtual panel: Legal updates, focus on new UK Insolvency Law

    The UK’s Corporate Insolvency and Governance Act came into force on 26 June, marking the most significant overhaul of the UK’s insolvency and restructuring regime in the last 30-odd years. After plans for reform had languished on the backburner for quite some time, the coronavirus pandemic proved to be the tipping point and the government introduced draft legislation in late May, which was then fast-tracked through the parliamentary process in little more than a month. 

    The long-awaited package of reforms bolsters the UK’s restructuring toolkit with the introduction of a new restructuring plan – or “super scheme”; a standalone moratorium; and measures to protect supplies of goods and services. In addition to these permanent reforms, the Act also contains some temporary measures to combat the economic effects of the coronavirus pandemic. 

    This panel will consider these reforms and the outlook for domestic and cross-border restructurings as the economic impact of coronavirus unravels.

  • 12:30

    Networking lunch break

  • 13:40

    Live virtual panel: Italian construction sector

    The session will deep dive into the woes of the construction sector across Europe, amidst COVID-19 impact, macroeconomic factors and country-specific issues, and explore what opportunities lie ahead for investors in the sector.

  • 14:00

    Live virtual panel: A new wave of Spanish restructuring deals

    After enjoyed a few years of booming primary market with distressed opportunities stalling, Spanish borrowers have come under fire again, with a number of them initiating restructuring processes or in need of emergency liquidity. While the domestic government has been fast at promoting liquidity schemes and other measures to support economy, this may only be a temporary fix, suggesting more companies could enter stressed territory in the months ahead.

  • 14:30

    Networking break

  • 14:45

    Live virtual panel: The new rise of NPLs - strategies and investment opportunities in the market

    Following years of falling volumes, European non-performing loans started rising again in the second quarter of 2020, due to the impact from the COVID-19 pandemic. NPLs European banks need to move back to disposal and investors can find different type of opportunities in the European market. Regulators are looking at AMCs, platforms and securitisation schemes as tools to face the new NPL crisis. Are these challenges or opportunities for investors? With renewed attention towards Europe, what are the opportunities in other global geographies?

    The panel will open with the presentation of the latest data from Debtwire European NPLs 3Q20 Report. The conversation will focus on: 

    • The role of securitisations and NPL platforms 
    • AMCs: an opportunity or a challenge for investors? 
    • Where are the new opportunity due to the next big wave of NPLs? 
    • What are the opportunities in China, the largest NPL market in the world?
  • 15:20

    Virtual panel: The future of retail real estate

    The retail [and casual dining] sector was already under immense strain before the arrival of COVID-19 with a string of insolvencies and, in the UK, widespread use of CVAs to slash rental costs. The pandemic has only exacerbated the situation, forcing closures on much of the sector and bringing landlords to the table even for solvent tenants. With cashflows unpredictable and the long term future of bricks-and-mortar retail in question, how should CMBS investors/lenders respond? Which sectors are most defensively positioned and what structural protections can be used?

    Andrea Vanni
    Andrea Vanni
    Co-founder, Areli Real Estate Limited
  • 15:45

    Virtual panel: Green Securitisation: a new opportunity?

    As several key pieces of securitisation and green finance legislation have been finalised in Europe in the last year, the impetus for green ABS as an asset class to take off is there. In a fireside chat, we will discuss how demand for green ABS can be fostered, what kind of incentives there are for both issuers and investors, and where the boundaries are being drawn.

    • What should the eligibility criteria be for green ABS, and is there consensus in the market?
    • Are the current regulatory initiatives enough to facilitate the green transition in the ABS market?
    • What are the key challenges in data availability and monitoring?
    Christian Thun
    Christian Thun
    CEO, European Datawarehouse
  • 16:15

    Closing remarks

Virtual Access

£200 +VAT