Discover new opportunities in the Turkish market

19 June 2019

Four Seasons at the Bosphorus
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  • 08:30

    Registration & Coffee

  • 09:10
  • 09:20

    Keynote: Macro Outlook

    An economist will present an analysis and update on Turkey’s economy, taking into consideration the impact of the currency crisis. What should investors be concerned about and what is expected to come?

    Timothy Ash
    Timothy Ash
    Senior EM Sovereign Strategist, BlueBay Asset Management
  • 09:45

    Panel: The New Regulatory Environment in Turkey and Framework Agreement for Restructurings

    The devaluation of the lira and volatility in the Turkish financial markets have brought many borrowers to the brink of default and pushed regulators to intervene. This panel will consider the concept of composition, the framework agreement and the other legal aspects of restructuring in Turkey. 

    • How pragmatic is composition as a restructuring tool?
    • What are the implications of the Financial Restructuring Framework Agreement
    • How will the implementation unfold in practice?
    Mete  Yegin
    Mete Yegin
    Partner, Yegin Çiftçi Attorney Partnership
    Orhan  Turan
    Orhan Turan
    Managing Director, Advisory, KPMG
  • 10:30

    Networking Coffee

  • 11:00

    Panel: Sector Focus: Energy, Construction and Real Estate

    This session will examine investment and restructuring strategies around the energy, construction, real estate and hyrdopower sectors which are seen as the most “at risk” industries in the wave of distress.

    • How are these sectors performing? 
    • Why are they the most affected? 
    • How is the market expected to react?
    Ángel  Martín
    Ángel Martín
    Partner, Advisory, KPMG
  • 11:45

    Panel: Re-establishing International Investor Confidence in Turkey

    In the midst of a challenging market due to Turkey’s financial crisis, issues of inflation and too much borrowing in foreign currency; restoring investor confidence has never been more critical. Panellists will discuss foreign exchange, inflation and increasing rates and the threat they pose.

    • Are foreign investors are returning their attention to the Turkish market?
    • What are the risks from the perspective of a foreign investor?
    • What are the biggest obstacles for international players when looking to invest in Turkey?
    • How restructurings in Turkey can attract international investors
  • 12:30

    Networking Lunch

  • 13:30

    Lessons Learned so far from Restructurings in Turkey, cross-border considerations

    An overview on restructurings in Turkey including Turkish holding company OTAŞ. What lessons can be learned?

    Philip  Hertz
    Philip Hertz
    Global Head of Restructuring and Insolvency, Clifford Chance
    Mete  Yegin
    Mete Yegin
    Partner, Yegin Çiftçi Attorney Partnership
    Chris  Johnston
    Chris Johnston
    Managing Director, Restructuring, Alvarez & Marsal Europe LLP
    David  Burlison
    David Burlison
    Managing Director, Lazard
  • 14:20

    Panel: Turkish Banking Sector- How will banks correct their balance sheets?

    This session will look at the Turkish banking sector and discuss solutions for banks to implement in order to manage NPL portfolios.

    • How can NPL portfolio sales be encouraged and what challenges remain?
    • What is stopping a secondary single-name corporate loan market from developing in Turkey? (and does the current Banking Law prevent this?)
    • AT1 Bond Issuance - here to stay in perpetuity?
    Berkay  Oncel
    Berkay Oncel
    European loan trader, SC Lowy
  • 15:05

    Networking Coffee

  • 15:20

    Panel: M&A in the Distressed Environment

    What is the perspective of financial versus trade buyers for distressed deals? What part of the solution do distressed investors play in the consolidation of underperforming sectors? For inbound investors, what is the country risk perception and will cross-border activity increase?

    Burak  Dalgin
    Burak Dalgin
    Managing Director, Darby Overseas Investment
    Baris  Sivri
    Baris Sivri
    Partner, CEECAT Capital
    Gokce  Kabatepe
    Gokce Kabatepe
    Managing Director, Raiffeisen Investment Turkey
  • 16:05
  • 16:10

    Networking Drinks

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