61 delegates attend INSOL Europe's first training course in Romania

The first Module of the INSOL Europe High Level Course on Insolvency Law in Eastern European Jurisdictions took place from 2 to 4 February 2017 in Bucharest. Emmanuelle Inacio reports.
 
61 Romanian lawyers, lenders, insolvency practitioners, judges, representatives of the National Institute of Magistracy, the National Institute for the Training of Insolvency Practitioners and the National Union of Insolvency Practitioner were attending the first module of the course dedicated to “International best practice and comparative examples”.
 
The Director of the Programme of the High Level Course, Prof. Ignacio Tirado (Universidad Autonoma de Madrid, Spain) together with three International Experts, namely Prof. Irit Mevorach (University of Nottingham, UK), Prof. Riz Mokal (Barrister, South Square and (Hon.) University College London, UK) and Prof. Michael Veder (Radboud University Nijmegen, Resor, The Netherlands) provided the attendees with a general overview of international standards and best comparative examples concerning the main elements of business restructuring and insolvency.

The first two days covered the analysis from a theoretical perspective, although always including the provision of comparative examples of the systems existing in different jurisdictions as well as practical examples of cases and judicial decisions. The final day of this module included two case study sessions.

Mihaela Carpus-Carcea, Legislative Officer of the European Commission, closed the first Module with the presentation of the Proposal of the European Commission for a Directive on preventive restructuring frameworks.
 
The feedback so far is very positive. One of them particularly synthetises them. According to Judge Nicoleta Mirela Nastasie, the course is “[…] an important occasion to improve my learning activity, to find out about recent developments in international insolvency law from the most important specialists in the field of insolvency law […]. The International insolvency domain is becoming for me a passion increasingly stronger and I hope to have the chance to enlarge my knowledge and become able to transmit this passion to other people from my field of activity”.
 
The second module devoted to the analysis of relevant topics of the Romanian insolvency system and lead by the Local Director of the Programme of the High Level Course, Radu Lotrean (CITR, Romania) and Local Experts will take place from 29 June to 1 July 2017.

We are looking forward to a successful course in Romania and in further Eastern European Jurisdictions!
 

We are grateful to CITR or sponsoring our Educational Course in Romania.