20-22 may 2020
GENERAL STAFF BUILDING
OF THE STAGE HERMITAGE MUSEUM
organisers LF

IV International
Insolvency Forum

Participate
IV International Insolvency Forum, due to take place as part of the X St. Petersburg International Legal Forum, once again promises to serve as an unrivalled platform bringing together insolvency professionals from around the world. They will include executive government officials, lawmakers, judges, court-appointed receivers, attorneys, academics, entrepreneurs, and envoys from numerous international institutions involved in matters of insolvency.

IIF Speakers 2019

IIF 2020 Business Programme

Transformation of the Bankruptcy Institute: to Do List and Challenges (chaired by Ministry of Economic Development of the Russian Federation)

There is no doubt about the need to further develop institute of insolvency (bankruptcy). Bankruptcy institute should contribute to financial stability and economic growth. Rehabilitation mechanisms allowing to effectively respond to crisis phenomena and fairly distribute risks among economic agents are particularly relevant in a changing economic environment. The quality of liquidation procedures is vital to eliminate inefficient debtors from commercial interaction as quickly as possible.

At the same time, bankruptcy institute development should not lead to its unjustified deformation. It is necessary to balance the interests of participants related to bankruptcy in a reasonable and beneficial for the whole economy way.

Currently, we see development of comprehensive solutions aimed at the improvement of rehabilitation component of the insolvency (bankruptcy) institute, enhancement of receivership efficiency, adjustment of self-regulation mechanisms, regulatory functions and system of tools for bankruptcy proceedings.

All the above-mentioned issues are to be discussed in the framework of the discussion session.

Good Faith in Insolvency Cases

Good faith of the parties involved in a bankruptcy case, whether it is a creditor, debtor, or bankruptcy trustee, is often a key factor in court proceedings. An unscrupulous debtor may lose an apartment, even if it is the only housing. The disclosure of information on the financial status at the stage of obtaining a loan favors the debtor in a dispute with creditors, and the debtor’s openness encourages the court to discharge the debt as a result of the procedure. Unfair actions of the creditor regarding non-disclosure of information may deprive the creditor of the right to propose a candidate for bankruptcy trustee.

Meanwhile, proper conduct and good faith of the bankruptcy trustee protect him from attempts by “unfriendly” creditors and debtors to hold him liable. Good faith of the debtor may prevent the court from bringing of debtor’s controlling persons to subsidiary liability.

During our session we will discuss whether good faith criterion always functions and whether there are limits for its use.

Insolvency as Source of New Losses. Preventing Abuse in Insolvency’ Day-to-Day Operations (chaired by the Federal Tax Service of the Russian Federation)

Insolvency proceedings are widely used by persons controlling a debtor in a particular procedure to gain benefits from the immunity to collection.

For such purposes, a business model is built or maintained where the centre of losses is a debtor and the centres of profit are middleman organisations supplying commodities and materials at an overvalue or purchasing products at an undervalue on the terms of a trade loan, which is usually non-collectable. Customer-furnished raw materials schemes or rent of an entire production complex are also used.

As a result, a debtor gets money only enough to pay salaries and receiver's costs at best. Money to pay costs required to maintain business activities (taxes, utility bills and charges for resources) is insufficient.

The difference between the market price and production costs (net of taxes and charges for resources) represent the income of those who control this process gained to the detriment of creditors in respect of current payments.

Such a behaviour model also significantly affects creditors in insolvency as it implies that insolvency proceedings will be dragged out, including the sale of insolvency estate, to increase the period of earning such income. Furthermore, growing current debts substantially reduces payment of the claims admitted to the register of creditors’ claims.

Case law contains examples of potential reactions to such facts. Courts resist violations of priorities in making current payments. Insolvency practitioners’ conduct as they fail to collect current accounts receivable and actually transfer a business to third parties is also being ruled unlawful.

For comprehensive discussion of this problem and ways to solve it, we propose to consider a wide range of measures to resist such developments, from prevention of knowingly loss-making business to better efficiency at curbing crimes that cause damage to a debtor and its creditors.

Subordination of Claims of a Debtor’s Members in Insolvency

Mass of Succession Insolvency

Asset Tracing

Developers’ Insolvency: Ensuring Efficient Defence of Shared Construction Participants’ Rights (chaired by the Committee of the State Duma on Natural Resources, Property and Land Relations)

For the last three years, developer’s insolvency proceedings have undergone significant changes in order to boost protection of shared construction participants’ rights. Specifically, with effect from 1 January 2018 receivership is introduced right after a petition for a developer’s insolvency is reviewed.

There is also a three-months’ time limit to compile a list of creditors’ claims which begins to run no later than fifteen days after a receiver is appointed. Accreditation of insolvency practitioners and special procedures to fund completion of construction of problem properties out of budget money and compensation funds’ money have started working. All of this provided additional guarantees as to the defence of shared construction participants’ rights.

Time has come to analyse emerging compliance practices and discuss first priority areas that require further improvement of developers’ insolvency proceedings. Accreditation of insolvency practitioners as a new mechanism of professional specialisation of insolvency practitioners deserves special attention.

Secondary Liability

Consumer Insolvency

Challenging Deals During Insolvency


*This programme may be subject to change.

IIF 2020 Business Programme

The Programme Committee of the International Insolvency Forum is pleased to announce that the submission of the proposals to the future Forum’s Business Programme is open. Please kindly send your ideas and suggestions using the contact form below.

Contact form

Who is it for

  • Business owners

  • Chief legal officers

  • Court-appointed receivers

  • Consulting company partners

  • Chief financial officers

The Forum is:

  • Business events for professionals

    Be in the know about the most recent Russian and international practices and legislative initiatives; listen to the presentations of the world’s top legal experts, government officials, businesspeople and academics.

  • Effective networking

    A chance to talk to the leading experts and regulators, get insider knowledge from the decision makers, make new connections and extend your client portfolio.

  • New opportunities

    The IIF is an excellent place to hold negotiations, meet clients and get things done that otherwise would have taken weeks.

  • Reputational bonus

    Participation in the Forum has a positive effect on you personal image, helping to promote your brand and bolster your business reputation.

  • Exciting cultural programme

    Performances by the top classical music stars, social events, elegant parties, sightseeing tours, bar hopping, dances and rock concerts.

  • Exclusive “membership” club for the legal elite

    There are no “red zones” here; each participant is an equal among equals.

IIF 2019

Participants

2521

Speakers

61

Online
Audience

6282

Business
events

11

Countries

92

Conditions of participation

Participation fee Schedule may be subject to change. Participation fee includes 20% VAT.

01.09.2019
120 000
1850
1640
01.11.2019
130 000
2030
1810
01.01.2020
150 000
2400
2150
16.02.2020
155 000
2460
2246
16.03.2020
160 000
16.04.2020
165 000

Please be advised that the conditions of participation in IV International Insolvency Forum are the same as in X St. Petersburg International Legal Forum

IIF 2020 ALL-DAYS DELEGATE PACKAGE

till 16.03.2020
155 000
2460
2246
Participate

SPECIAL PRICE IIF 2020 ALL-DAYS DELEGATE PACKAGE FOR ARBITRATION MANAGERS

till 16.03.2020
125 550
1870
1707
Participate

SPECIAL PRICE IIF 2020 ALL-DAYS DELEGATE PACKAGE

Special offer for the companies (and their representatives), that do not provide legal and consulting services

till 16.03.2020
108 500
1722
1572
Participate

IIF 2020 ACCOMPANYING PERSON PACKAGE

Admittance only to official cultural events of the Forum

till 16.03.2020
45 000
714
652
Participate

Any questions left?

The Delegate Management Department will be happy to answer them!
+7(812)449-36-21
delegate@spblegalforum.com