Having a borrower in distress: what can a lender do?Protect your rights, know your options and take the right actions |
Date
17 February 2010
Time
9.00 – 13.30
Venue
Howard Johnson Hotel
Platinum Grand Ballroom
The workshop organised by Deloitte Romania and Reff & Associates, the correspondent law firm of Deloitte Romania, will give you an integrated perspective over the dynamics of dealing with both financial and legal facets of the loan restructuring process.
In the current climate, distressed borrowers are not uncommon, to say the least. From breach of financial covenants to non-payment defaults and insolvency threats, borrowers pose new types of challenges and require new types of actions.
Restructuring existing loan agreements, requiring additional collateral, tightening contractual terms, stricter monitoring of the covenants, grace periods, all useful actions that, however, in many cases, might fail unless supported by thorough business reviews and restructuring implementation.
Speakers and Topics
Antonis Ioannides, Partner Financial Advisory
Introduction
Alexander Flatz, Director Reorganization Services, Central Europe
Patterns of corporate crisis
- Stages of a crisis – theory vs. practice.
- Behavioral patterns: Owners; Management; Banks; Advisors
- Challenges for the stakeholders
- Valuable characteristics of advisors and bankers in crises
Andrei Burz-Pinzaru, Partner Legal Services
Having a borrower in distress and how to deal with it. Know your legal rights, options and deadlines
- Things you should know about your borrowers prior to any insolvency related events
- Preventing insolvency: voluntary reorganisation versus insolvency reorganisation, inter-creditor agreements, the new moratorium law (“concordatul preventiv”)
- Being creditor to an insolvent borrower: a focus on observation periods and reorganization plans (control over the borrower, permitted payments, new loans, preservation of rights)
- Insolvency “hidden” threats
Andrew Grimstone, Partner Reorganization Services, United Kingdom
Restructuring best practices
- Value of robust information
- Debtors vs. creditors dynamics (do’s and don’ts)
- Managing the lenders (syndicated/multiple bilateral loans)
- UK -EU case studies
- Top tips for achieving a consensual restructuring
For the event agenda and additional information on the speakers, please refer to the attached document.
Participation to this event is by invitation only. You can register via e-mail at: mciobanu@deloittece.com. Please take into consideration that due to the limited number of seats, the first-come-first-served policy applies.
Conference agenda
(229.77 KB)
