DLA Piper recently held its inaugural European Restructuring Summit in London. Bringing together the firm’s experts from across the continent, the event explored trends, perspectives and the future outlook of the European restructuring market.
The summit was kicked off by UK partner Michael Fiddy, who outlined some of the current risks and opportunities for investors and lenders in today’s European restructuring market. This was followed by an address by keynote speaker Prof Douglas McWilliams, Gresham professor of commerce and executive chairman of the CEBR, who highlighted some of the macro economic trends and drivers currently impacting the world and European economies.
DLA Piper partners from across Europe — including Peter Jark (Germany), Jasper Berkenbosch (Netherlands), Pierre-Alain Bouhenic (France), Luis Martin (Spain) and Catherine Burton (UK) — then gave an insight into how insolvency laws reflect the character of finance and commerce in a jurisdiction, how these laws have evolved locally and the ‘bear traps’ that must be navigated when implementing local restructuring strategies.
Later, Richard Chesley, co-chair of DLA Piper’s US restructuring practice, hosted a panel of leading debt and restructuring professionals from Commerzbank, Jones Lang LaSalle and Lloyds Banking Group, who gave practical insights into the current market.
Finally, DLA Piper’s European experts — Paul Fleming (UK), Peter Jark (Germany), Pierre-Alain Bouhenic (France), Luis Martin (Spain), Antonio Lombardo (Italy) and Erik Selander (Sweden) — closed the summit with an outline of current restructuring best practice, discussing how changes in insolvency laws present opportunities as well as challenges.