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Day 1 Joharah Ballroom Day 1 Joharah Ballroom

INSOL Dubai INSOL President Sumant Batra, Kesar Dass B. & Associates Conference Co-Chairs Dr. INSOL Dubai INSOL President Sumant Batra, Kesar Dass B. & Associates Conference Co-Chairs Dr. Nasser H. Saidi, DIFC and Hawkamah Peter Spratt, Pricewaterhouse. Coopers Technical Co-Chairs Maurice Moses, Ernst & Young LLP Dr. Lars Westpfahl, Freshfields Bruckhaus Deringer LLP

Mission Statement INSOL with its Member Associations will take the leadership role in international Mission Statement INSOL with its Member Associations will take the leadership role in international turnaround, insolvency and related credit issues; facilitate the exchange of information and ideas; encourage greater international co-operation and communication amongst the insolvency profession, credit community and related constituencies.

Global and Rapidly Growing § Over 9, 500 members and counting § Membership based Global and Rapidly Growing § Over 9, 500 members and counting § Membership based in over 70 countries § Over 40 Member Associations § Main regions and countries § Lawyers, accountants, judges, bankers, turnaround specialists, policy makers, regulators and others

AMERICAN BANKRUPTCY INSTITUTE (Professional Section) – USA ASOCIACIÓN ARGENTINA DE ESTUDIOS SOBRE LA INSOLVENCIA AMERICAN BANKRUPTCY INSTITUTE (Professional Section) – USA ASOCIACIÓN ARGENTINA DE ESTUDIOS SOBRE LA INSOLVENCIA ASSOCIATION OF BUSINESS RECOVERY PROFESSIONALS – R 3 ASSOCIATION OF HUNGARIAN INSOLVENCY LAWYERS ASSOCIATION OF INSOLVENCY AND RESTRUCTURING ADVISORS ASSOCIATION OF INSOLVENCY PRACTITIONERS OF SOUTHERN AFRICA BUSINESS RECOVERY AND INSOLVENCY PRACTITIONERS ASSOCIATION OF NIGERIA BUSINESS RECOVERY AND INSOLVENCY PRACTITIONERS ASSOCIATION OF SRI LANKA CANADIAN ASSOCIATION OF INSOLVENCY AND RESTRUCTURING PROFESSIONALS CANADIAN BAR ASSOCIATION (Bankruptcy and Insolvency Section) CHINA UNIVERSITY OF POLITICS AND LAW, BANKRUPTCY LAW AND RESTRUCTURING RESEARCH CENTRE COMMERCIAL LAW LEAGUE OF AMERICA (Bankruptcy and Insolvency Section) CONSIGLIO NAZIONALE DEI DOTTORI COMMERCIALISTI CZECH CHAMBER OF INSOLVENCY PRACTITIONERS ESPECIALISTAS DE CONCURSOS MERCANTILES DE MEXICO GHANA ASSOCIATION OF RESTRUCTURING AND INSOLVENCY ADVISORS GROUPE DE RÉFLEXION SUR L’INSOLVABILITÉ ET SA PRÉVENTION 21 – HONG KONG INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS (Insolvency Interest Group) HUNGARIAN ASSOCIATION OF INSOLVENCY PRACTITIONERS INSOL NEW ZEALAND

INSOLAD – VERENIGING INSOLVENTIERECHT ADVOCATEN INSOL–EUROPE INSOL–INDIA INSOLVENCY PRACTITIONERS ASSOCIATION OF AUSTRALIA INSOLVENCY PRACTITIONERS INSOLAD – VERENIGING INSOLVENTIERECHT ADVOCATEN INSOL–EUROPE INSOL–INDIA INSOLVENCY PRACTITIONERS ASSOCIATION OF AUSTRALIA INSOLVENCY PRACTITIONERS ASSOCIATION OF SINGAPORE INSTITUTO BRASILEIRO DE GESTAO E TURNAROUND INSTITUTO IBEROAMERICANO DE DERECHO CONCURSAL INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF SINGAPORE (Special Interest group of Insolvency) INTERNATIONAL ASSOCIATION OF INSURANCE RECEIVERS INTERNATIONAL WOMEN’S INSOLVENCY AND RESTRUCTURING CONFEDERATION JAPANESE FEDERATION OF INSOLVENCY PROFESSIONALS LAW COUNCIL OF AUSTRALIA (Business Law Section) MALAYSIAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS NON-COMMERCIAL PARTNERSHIP SELF-REGULATED ORGANIZATION OF ARBITRATION MANAGERS “MERCURY” (NP SOAM MERCURY) NEPALESE INSOLVENCY PRACTITIONERS ASSOCIATION REFor – THE INSOLVENCY PRACTITIONERS REGISTER OF THE NATIONAL COUNCIL OF SPANISH SCHOOLS OF ECONOMICS RUSSIAN UNION OF SELF-REGULATED ORGANIZATIONS OF ARBITRATION MANAGERS THE ASSOCIATION OF THE BAR OF THE CITY OF NEW YORK THE SOCIETY OF INSOLVENCY PRACTITIONERS OF INDIA TURNAROUND MANAGEMENT ASSOCIATION (INSOL Special Interest Group)

INSOL International Judges (Judicial Colloquium) Regulators International Association of Insolvency Regulators INSOL MAs Members INSOL International Judges (Judicial Colloquium) Regulators International Association of Insolvency Regulators INSOL MAs Members G 36 Special Interest Groups Academics, Lenders Strong Associates (UNCITRAL World Bank Group OECD, IICA Hawkamah)

Vision INSOL International § Truly global (not just in form but also in substance) Vision INSOL International § Truly global (not just in form but also in substance) § Truly independent and neutral § Provide true and responsible leadership (for the profession, while gaining respect of stakeholders in general and society as a whole) § Crucial role in defining international policy § Enhance the prestige of profession § “Global Information Bank”

INSOL Current Projects § Hawkamah and MENA Projects § Forum for Insolvency Reforms in INSOL Current Projects § Hawkamah and MENA Projects § Forum for Insolvency Reforms in MENA § EBRD – Russia § Forum for Asian Insolvency Reforms § Cooperation with the Government of India § Africa Roundtable

GLOBALInsolvency. com § Global information and data bank on insolvency § A joint initiative GLOBALInsolvency. com § Global information and data bank on insolvency § A joint initiative of INSOL and ABI. Professionally managed project § Global in character, form and content

INSOL Scholars INSOL awards 3 scholarships each year to young and talented academics from INSOL Scholars INSOL awards 3 scholarships each year to young and talented academics from three main regions. Scholars for 2009 -2010 are: § Trish Keeper from Victoria University of Wellington, New Zealand § Professor Adrian Walters from Nottingham Trent University, UK § Oleksandr Biryukov from Institute of International Relations of Kyiv Taras Shevchenko National University, Ukraine.

Publications - we continue to produce publications of great relevance to international, regional and Publications - we continue to produce publications of great relevance to international, regional and domestic practitioners: § Global Principles for Multi-Creditor Workouts (2000) § Directors in the Twilight Zone I and II (2001, 2005) § Consumer Debt Project (2001) § Employee Entitlements (March 2005) § Bank Insolvency, A Guide for Deposit Insurers (2005)

Publications - we continue to produce publications of great relevance to international, regional and Publications - we continue to produce publications of great relevance to international, regional and domestic practitioners: § Financing in Insolvency Proceedings (May 2006) § Credit Derivatives (2007) § Treatment of Secured Claims in Insolvency and Pre-Insolvency Proceedings (June 2007) § Claims Presentation and Resolutions: a guidance booklet § Twilight Zone III (2009) § Taxes issues relating to distressed companies (2010)

INSOL Technical Papers Series § INSOL Technical Papers Series § "Economic and Geographical Implications of Hedge Funds in Distressed Debt" by Sandra A Larratt. Smith, Swing Bridge Capital and Steven P. Ordaz, BMC Group § "Securities Law Claims in Insolvency Proceedings" by Professor Janis Sarra, Associate Dean, University of British Columbia Faculty of Law, Vancouver, Canada

INSOL Technical Papers Series § INSOL Technical Papers Series § "Formalities for the Transfer of Insolvent Businesses: The Obligatory Transfer of Employees in South Africa and the United Kingdom" by Professor David Burdette, University of Pretoria, Republic of South Africa § "Inter-Company Debts and Set-Off” by Alastair Beveridge, Partner, Kroll Limited Deborah King, Director, Kroll Limited

INSOL Technical Papers Series § INSOL Technical Papers Series § "Strategic Consideration for Creditors Facing a debtor in Chapter 15 Under the United States Bankruptcy“ by Mr. John J Rapisardi, Partner Cadwalader, Wickersham & Taft LLP, Ingrid Bagby, Partner Cadwalader, Wickersham & Taft LLP & William Golden, an Associate Cadwalader, Wickersham & Taft LLP § "Animal Figures & Alphabet Soup Understanding the Fat-tails of Asset Backed Securities“ by Sebastian Miralles.

INSOL Technical Papers Series § “Avoidance Provisions in a Local and Cross-border Context: A INSOL Technical Papers Series § “Avoidance Provisions in a Local and Cross-border Context: A Comparative Overview” by Professor André Boraine, University of Pretoria, South Africa § “Bankruptcy in Canada: A Comparative Perspective” by Associate Prof. Stephanie Ben-Ishai, York University, Toronto, Canada

INSOL Case Study Series § Eurotunnel Plc & Eurotunnel S. A and Associated Companies INSOL Case Study Series § Eurotunnel Plc & Eurotunnel S. A and Associated Companies § HIH Casualty & General Insurance Ltd. & Other Companies § Bear Stearns High-Grade Structured Credit Strategies Master Fund Ltd. And Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage Master Fund, Ltd.

INSOL Fellowship § § § Global Insolvency Practice Course First Course started in 2008 INSOL Fellowship § § § Global Insolvency Practice Course First Course started in 2008 Intensive Programme Unique international learning experience Facilitates future networks Structure of Course Module A: Module B: Module C: Three day face to face meeting Five days on line sessions In association with and organised by the National Centre of Business Law University of British Columbia, Vancouver, Canada

2010 -2011 Fellowship Course Module A 18 -20 October, London Module B 11 -13 2010 -2011 Fellowship Course Module A 18 -20 October, London Module B 11 -13 March, Singapore Module C 2 -6 May On Line

Endorsed by The World Bank Group “The fellowship programme will be a very rewarding Endorsed by The World Bank Group “The fellowship programme will be a very rewarding investment towards a successful career, both through helping the development of professional skills and through fostering a greater understanding of different jurisdictions' cultures and systems. ” Mahesh Uttamchandani World Bank Group A number of IFC staff have enrolled for the course.

INSOL Education Foundation To be announced shortly INSOL Education Foundation is proposed an effective INSOL Education Foundation To be announced shortly INSOL Education Foundation is proposed an effective platform for supporting educational activities of our current and potential members, as a part of our endeavour to continue to raise higher the standards of insolvency profession.

INSOL One Day Seminars § Mexico – 22 April, 2010 § New Delhi, India INSOL One Day Seminars § Mexico – 22 April, 2010 § New Delhi, India – 3 December, 2010 § Mauritius – September, 2010 Focus on cross-border issues

INSOL Academic Survey Impact of non-availability of postcommencement financing on restructuring around the world INSOL Academic Survey Impact of non-availability of postcommencement financing on restructuring around the world report will be sent to members in February

INSOL Academic Survey At the heart of the survey was a highly relevant question: INSOL Academic Survey At the heart of the survey was a highly relevant question: ‘Is it now tougher to get credit for company rescue’? Or, to be blunter, are companies more likely to be allowed to go to the wall rather than be restructured since the financial crisis? More than 500 INSOL members felt that the answer was an emphatic ‘Yes’ - with around 85% agreeing that it is now harder to get the right financial facilities to aid troubled but viable companies.

Lead or supportive role in global, regional and country level policy and standard setting Lead or supportive role in global, regional and country level policy and standard setting initiatives § Prominent role and contribution in UNCITRAL Projects § UNCITRAL Model Law on Cross Border Insolvency was conceived at joint UNCITRALINSOL colloquium. Key role in work and recommendations of WG VI § Active role in World Bank Group standard setting initiatives – World Bank Principles, Unified Standards. Member of Advisory Panel § Lead role in key regional initiatives

BRIC Countries Initiative § Brazil - Training programmes § Russia – Supporting EBRD led BRIC Countries Initiative § Brazil - Training programmes § Russia – Supporting EBRD led policy roundtable in February 2010 on Insolvency Administrators role, with the MED in Russia § India - Policy roundtables with Ministry of Corporate Affairs (UNCITRAL Model Law and Regulating the IPs), training of stakeholders and study courses § China – Two INSOL regional conferences § BRIC Committee § Latin America – Columbia, Argentina, Brazil training

INSOL Dubai INSOL President Sumant Batra, Kesar Dass B. & Associates Conference Co-Chairs Dr. INSOL Dubai INSOL President Sumant Batra, Kesar Dass B. & Associates Conference Co-Chairs Dr. Nasser H. Saidi, DIFC and Hawkamah Peter Spratt, Pricewaterhouse. Coopers Technical Co-Chairs Maurice Moses, Ernst & Young LLP Dr. Lars Westpfahl, Freshfields Bruckhaus Deringer LLP

Main Organising Committee Co-Conference Chairs Dr. Nasser H. Saidi, DIFC and Hawkamah Peter Spratt, Main Organising Committee Co-Conference Chairs Dr. Nasser H. Saidi, DIFC and Hawkamah Peter Spratt, Pricewaterhouse. Coopers Treasurer Mark Byers, Grant Thornton Technical Co-Chairs Maurice Moses, Ernst & Young LLP Dr. Lars Westpfahl, Freshfields Bruckhaus Deringer LLP

Technical Committee Technical Co-Chairs Maurice Moses, Ernst & Young LLP Dr. Lars Westpfahl, Freshfields Technical Committee Technical Co-Chairs Maurice Moses, Ernst & Young LLP Dr. Lars Westpfahl, Freshfields Bruckhaus Deringer LLP Andrew Brozman, Clifford Chance LLP Ian Carson, PPB Adrian Doble, Vantis Bill Gambrill, M. A. C Davidson & Associates Leonard Goldberger, Stevens & Lee PC Christopher Grierson, Lovells LLP Gerald M. Krasner, Begbies Traynor Feisal Naqvi Bhandari, Naqvi & Riaz Harry Rajak, Sussex Law School, University of Sussex Rupinder Singh, Suri & Co Paul Winer, Werksmans Incorporating Jan S. de Villiers Michael Veder, Utrecht School of Law

General Sponsors Alix. Partners LLP Asset Reconstruction Company (India) Ltd BTG Mesirow Financial Consulting General Sponsors Alix. Partners LLP Asset Reconstruction Company (India) Ltd BTG Mesirow Financial Consulting Deloitte LLP Derra, Meyer & Partner Financial Times Greenberg Traurig LLP hww wienberg wilhelm Pricewaterhouse. Coopers

Group of Thirty-Six Alix. Partners LLP Allen & Overy LLP Alvarez & Marsal LLC Group of Thirty-Six Alix. Partners LLP Allen & Overy LLP Alvarez & Marsal LLC Baker Tilly Begbies Global Network Bingham Mc. Cutchen LLP Cadwalader Wickersham & Taft LLP Chadbourne & Parke LLP Cleary Gottlieb Steen & Hamilton LLP Davis Polk & Wardwell De Brauw Blackstone Westbroek Deloitte LLP Ernst & Young Ferrier Hodgson Freshfields Bruckhaus Deringer Goodmans LLP Grant Thornton Greenberg Traurig LLP Huron Consulting Group LLC Jones Day Kaye Scholer LLP Kirkland & Ellis LLP KPMG LLP Linklaters LLP Lovells LLP Norton Rose LLP Pepper Hamilton LLP PPB Pricewaterhouse. Coopers RSM Corporate Advisory Services Shearman & Sterling LLP Skadden, Arps, Slate, Meagher & Flom LLP Vantis Weil, Gotshal & Manges LLP White & Case LLP Zolfo Cooper LLP

Housekeeping No smoking Messages Coffee breaks and lunch – timing Mobile telephone & Blackberry Housekeeping No smoking Messages Coffee breaks and lunch – timing Mobile telephone & Blackberry switched off Assessment forms – completion & return Free evening

Technical Co-Chairs Maurice Moses Ernst & Young LLP Dr. Lars Westpfahl Freshfields Bruckhaus Deringer Technical Co-Chairs Maurice Moses Ernst & Young LLP Dr. Lars Westpfahl Freshfields Bruckhaus Deringer LLP

Plenary Sessions • 9. 30 am – 11. 00 am Surviving in an economic Plenary Sessions • 9. 30 am – 11. 00 am Surviving in an economic downturn • 11. 30 -12. 45 pm When the bank goes bust: Rewriting the rulebook • 2. 00 pm – 3. 15 pm Government intervention or interference? : State aid to financially troubled companies • 3. 45 pm – 5. 00 pm A sector in turmoil: The automotive industry

Breakout Sessions A 1 -A 3 General cross-border issues Sessions B 1 -B 3 Breakout Sessions A 1 -A 3 General cross-border issues Sessions B 1 -B 3 Focus on specialist areas Sessions C 1 -C 3 Smaller practice issues

Technical Co-Chair Maurice Moses Ernst & Young LLP Technical Co-Chair Maurice Moses Ernst & Young LLP