Latest Trends in Corporate and Bank Restructuring & Resolution
Reading, 18 May 2016
On 18 May the Centre for Commercial Law and Financial Regulation (CCLFR) held the first conference in Corporate and Banking Insolvency: ‘The Impact of Regulation on Insolvency. Latest Trends in Corporate and Bank Restructuring & Resolution’. The event was attended by over 40 students, legal professionals and prospective students interested in studying at the CCLFR, University of Reading.
The conference started with a Welcome Speech from the Head of the School of Law, Professor Susan Breau who outlined the law programmes at CCLFR, the current developments and future ambition. The Chair for the Keynote session was Dr Andrea Miglionico, who oversaw speech by Professor Rodrigo Olivares-Caminal (Queen Mary University of London) who presented an overview of the corporate, banking and sovereign debt. The corporate session chaired by Dr Bolanle Adebola commented on the special insolvency regimes. Dr Jorge Guira spoke about selected issues of shadow banks and funds in insolvency and Drew Sainsbury (Senior Associate, Ashurst) presented the MF Global & Lehman Bros case. Graham Lane (Partner, Willkie Farr) commented the special administrations in regulated industries – the case for a differentiated regime for the healthcare.
The banking session chaired by Professor Brian Scott-Quinn (ICMA Centre, Reading) discussed the challenges faced by the bank resolution during the current period of global uncertainty. Professor Christos Hadjiemmanuil (LSE, University of Piraeus) commented the mutual recognition of bank resolution actions in Europe. Dr Stephen Connelly (University of Warwick) spoke about the implementation of the BRRD’s derivative bail-in powers in the UK Finally, Bob Penn (Partner, Allen&Overy) presented the practical barriers to resolution under the BRRD: the experiences in Portugal.
The concluding remarks of the conference were given by Professor Gerard McCormack (University of Leeds) who discussed the challenges faced by corporate and banking insolvency during the crisis. The event was concluded with a Drinks Reception, which gave our participants an opportunity to network with legal professionals and to catch up with old friends.