During 2020 we held a series of events aimed at exploring the impact of the Covid-19 crisis on businesses, the key areas of insolvency where support and further reforms are needed, the regional perspectives on business restructuring tools and the latest international trends in the field. The recordings of these webinars are available below.

On 8 September 2020, we held our first discussion to launch the assessment and to explore the impact of the crisis on businesses in financial difficulties. The discussion was moderated by Katie Linsell, reporter at Bloomberg News, and featured Francis Malige, EBRD, Head of Financial Institutions, Catherine Bridge Zoller, Piya Mukherjee, President of INSOL Europe and partner at Horten law firm, Denmark and Professor Rodrigo Olivares-Caminal.

 

In the second event, held on 23 September 2020, the speakers addressed the perspective of both businesses and their financial institution creditors and discussed what further steps are necessary to support businesses, with particular reference to EBRD countries of operations Serbia, Turkey and Ukraine.

 

The discussion was moderated by Philip Wood, CBE, QC(Hon) and featured Engin Akçakoca, former Chairman and CEO of the Banking Regulation and Supervision Agency, Turkey,  Nikola Babić, Partner, moravčević vojnović i partneri law firm, Serbia, Mary Ellen Collins, Board Member and Former EBRD Director of Corporate Recovery, and Oksana Karel, Counsel and Co-Head of International Litigation and Arbitration, Arzinger, Ukraine.

 

The third event, on 14 October 2020, focused on legal, economic and social perspectives relating to the issue of business failure and on the importance of timing for regulators to seize the opportunity of the crisis to introduce long-lasting reforms that will benefit businesses, the wider economy and society as a whole.

 

Moderated by Rodrigo Olivares-Caminal, the webinar featured Beata Javorcik, EBRD’s Chief Economist, Ignacio Tirado, Secretary-General of UNIDROIT, Barbara Rambousek, Director, Gender & Economic Inclusion, and Ugo Panizza, Professor of International Economics at the Graduate Institute of Geneva and Deputy Director of the Institute’s Centre for Finance and Development.

 

In the last session, held on 26 October 2020, the panel analysed important questions such as: How does the law work in practice and what is the importance of expertise for bankruptcy judges, insolvency practitioners and lawyers? How important is it for these stakeholders to be part of any reform process?

 

The panel was moderated by Dr. Paul Omar and featured Vladimir Palamarciuc, insolvency and litigation Partner at Turcan Cazac Law Firm, Moldova, Judge Nicoleta Mirela Năstasie, bankruptcy bench at Bucharest Tribunal, VII Section, Romania, Nana Amisulashvili, Chair at Business Rehabilitation and Insolvency Practitioners Association (BRIPA), Georgia and Kate Lannan, Senior Legal Officer, UNCITRAL.