INSOL SHANGHAI INSOL International Annual Regional Conference 14 – 16 September 2008 Shanghai, People’s Republic of China Official Sponsor: Bankruptcy Law & Restructuring Research Centre, China University of Politics & Law Sponsored by:
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
I N S O LS H A N G H A I
INSOL International Annual Regional Conference
14 – 16 September 2008
Shanghai, People’s Republic of China
Official Sponsor:
Bankruptcy Law & RestructuringResearch Centre, China University
of Politics & Law
Sponsored by:
1
Conference Chairs’ Welcome
INSOL is delighted to hold its Annual Pacific Rim conference in Shanghai in this auspiciousyear for China. We are pleased that the Research Centre of Bankruptcy Law & Restructuring,China University of Politics and Law has agreed to be the official sponsor of this internationalevent that is sure to be a great success.
This will be the second time INSOL has held a conference in the People’s Republic of China,the first being in Beijing in 2002. Many changes have taken place since then and newlegislative reforms have been introduced which will be highlighted and discussed during thetechnical programme.
The conference offers the opportunity to INSOL members from both the local region and therest of the world to meet and discuss current topics that have international implications acrossjurisdictions. We will continue with our three tiered programme to ensure that you will have agood choice of sessions to attend. You will also have plenty of opportunities to network andmeet with old friends and establish new contacts.
We look forward to welcoming you to Shanghai in September. Delegate places are limited sobook now to reserve your place.
David Kidd Dr Li ShuguangAllen & Overy LLP Bankruptcy Law & Restructuring Conference Co-Chair Research Centre, China University
of Politics & LawConference Co-Chair
Contents
Conference Technical Programme 2-5
INSOL Academics’ Group Ancillary Meeting 5
Group of Thirty-Six 5
Registration Form 6-7
Hotel Booking Form 8
Sponsors & Committees 10
Optional Tours, Pre & Post Tours 11-13
General Information 13-14
Conference Registrations Conference Manager Hotel BookingsPenny Robertson Tina McGorman Reservations DepartmentINSOL International INSOL International Quoting: INSOL International2-3 Philpot Lane 2-3 Philpot Lane Group Code INS120908London, EC3M 8AQ London, EC3M 8AQ Internet Registrations: UK UK www.shanghri-la.com
Tel: +44 (0) 20 7929 6679 Tel: +44 (0) 20 7929 6679 Tel: +86 21 6882 8888Fax: +44 (0) 20 7929 6678 Fax: +44 (0) 20 7929 6678 Fax: +86 21 6882 0160Email: [email protected] Email: [email protected]
2
Technical Programme at a Glance
Main Sponsors: Begbies Global Network • BMC Group • Grant Thornton • Mayer Brown JSM
Main Conference Programme
Sunday 14 September 2008
12.00pm – 8.00pm Delegate Registration, China Hall Foyer
7.30pm – 10.00pm Welcome Dinner Grand Ballroom, River Wing, Level 3For delegates and registered accompanying persons
Monday 15 September 2008
8.00am – 4.00pm Delegate Registration, China Hall Foyer
9.00am – 9.15am Conference Welcome & Opening RemarksPlenary Session, China Hall, Grand Tower, Level 3
9.15am – 9.45am Keynote Speech
10.00am – 11.00am Breakouts
A1 Non performing loans in Asia and the role of asset management companies
B1 Shop till you drop: Failure or success in the retail sector?
C1 Hear no evil; See no evil; Speak no evil – Best practices for smaller practitioners
11.00am– 11.15am Delegate discussion
11.15am– 11.45am Networking Coffee Break, China Hall FoyerSponsored by RSM Corporate Advisory Services
11.45am– 12.45pm Breakouts
A2 Risk management in restructuring procedures
B2 Role of rating agencies
C2 The funding and growth of smaller practices, work in progress & litigation
12.45pm – 1.00pm Delegate discussion
1.00pm – 2.15pm Networking Lunch, Grand Ballroom, River Wing, Level 3
2.15pm – 3.15pm Breakouts
A3 After the money’s gone – Fraud in a corporate restructuring
B3 The challenge of unwinding insolvent hedge funds
C3 You can teach old practitioners new tricks – It’s never too late to learn
3.15pm – 3.30pm Delegate discussion
3.30pm – 4.00pm Networking Coffee Break, China Hall FoyerSponsored by RSM Corporate Advisory Services
4.00pm – 5.00pm New trends in the office of the CRO- Interview of a leading CROPlenary Session China Hall, Grand Tower, Level 3
5.00pm Close
Free Evening
3
Technical Programme at a Glance (continued)
Tuesday 16 September 2008
9.00am – 9.15am Welcome BackPlenary Session, China Hall, Grand Tower, Level 3
9.15am – 10.15am Cross-border co-operation or conflict? - A debate Plenary Session China Hall, Grand Tower, Level 3
10.15am – 10.30am Delegate discussion
10.30am – 11.00am Networking Coffee Break, China Hall FoyerSponsored by RSM Corporate Advisory Services
11.00am – 12.00pm Breakouts
A4 Islamic banking and insolvency
B4 Credit derivatives in restructuring
C4 Marketing of smaller practices –Branding ourselves in a world full of multinationals
12.00pm – 12.15pm Delegate discussion
12.15pm – 1.30pm Networking Lunch, Grand Ballroom, River Wing, Level 3
1.30pm – 2.30pm Breakouts
A5 The PRC bankruptcy law and its practical implications so far
B5 Operational turnaround: A growing concept
C5 A policeman’s lot is not a happy one – Compliance issues and how IP’s are regulated around the world
2.30pm – 2.45pm Delegate discussion
2.45pm – 3.15pm Networking Coffee Break, China Hall FoyerSponsored by RSM Corporate Advisory Services
3.15pm – 4.30pm Private equity bubble supporting liquidity across the world and its likely impact on the world economyPlenary Session China Hall, Grand Tower, Level 3
4.15pm – 4.30pm Delegate discussion
4.30pm Close of Conference
7.30pm – 11.00 pm Gala Dinner Grand Ballroom, River Wing, Level 3Sponsored by AlixPartners LLP
For delegates and accompanying persons
The Technical Programme may be subject to change.
4
Breakout A1Non performing loans in Asia and the roleof asset management companiesIt has been 10 years since theestablishment of asset managementcompanies in China by the four main State-owned banks to deal with Non-PerformingLoans transferred to them in order to getthe banks ready for the post-WTO era. Thissession will examine China’s NPL marketwhich is the largest in the World, alongsideother Asian countries, and review theprogress made, and the methodologiesadopted by Asset ManagementCompanies. The speakers will furtherdiscuss the continuing role of suchcompanies and explore opportunities tointernational investors.
Breakout A2Risk management in restructuringproceduresThis will be an interactive session with adebate on how to manage risk in arestructuring. Bringing together industryexperts from around the globe thediscussion will focus on the keystakeholders and the dynamics at playaround the negotiating table and alsoidentify opportunities and risks for debtors,lenders, investors, management, keyunsecured creditors, and advisers. It willalso cover practical guidance on managingrisks to achieve the best results.
Breakout A3After the money’s gone – Fraud in acorporate restructuringThis session will be based on twointeresting themes. “Fraud as a precursor tofailure” where it can lead to the insolvencyof a company as a consequence of erosionof its profitability and net worth; and “Failureas a precursor to fraud” where decliningperformance drives a company to fraudsuch as financial statement manipulation. A panel of leading experts will discuss eachof these themes, by giving examples,characteristics, red flags, and actions thatneed to be taken as a result.
Breakout A4Islamic banking and insolvencyThis session will be dealing with novel andunique issues relating to insolvency andIslamic finance. Basic principles of Shari’acompliant financing methods; treatment ofIslamic finance transactions in cases ofinsolvency; equitable subordination;corporate governance issues; capitaladequacy and insolvency; Islamic bonds(Sukuk) and insolvency are some of thetopics that will be covered. Delegates willalso have an opportunity to ask questionsfrom our leading panel of experts.
Breakout A5The PRC bankruptcy law and its practicalimplications so farAs the Asian financial crisis of the lastdecade made clear, a unified insolvencysystem that meets with internationalprotocols and provides a measure ofpredictability for investors can not beunderestimated. By exploring the practicalimplications of China’s new insolvency lawto date, this panel will attempt to determinewhether China has met the challenge of promulgating and implementing aninsolvency regime that meets withinternational standards.
Breakout B1Shop till you drop: Failure or success inthe retail sector?The changes in high street and shoppingmall economies, more discerningconsumers, the Internet time bomb andregional shifts in purchasing power indicatethat the retail sector is potentially in for abumpy ride. The speakers will explore thedynamics of the success or failure ofretailers and brands. The session willprovide a lively in depth examination byprofessional advisers of issues specific tothe retail sector including the varyingdemands of the different stakeholders.
Breakout B2Role of rating agenciesRating agencies have been criticised forfailing to ensure that investors fullyunderstand that a good rating is notnecessarily a ‘green light to invest’.Conversely, the recent boom in privateequity backed and M&A transactions havesignificantly increased the leverage profileof many corporates. Management teamswere left with very few arguments forkeeping a cushion in the balance sheet tomaintain an AAA profile, and their creditquality has declined in pursuit of a greatershareholder bias in corporate strategies.These are some of the interesting issuesthat will be discussed in this session andthe speakers would like to hear your ownviews too.
Breakout B3The challenge of unwinding insolventhedge fundsThe recent US sub-prime fuelled creditsqueeze has had a disastrous effect on theearnings of global financial institutions - allof which have exposure, directly orindirectly, to the structured credit productsoffered by thousands of hedge funds thathave sprung up in recent years.
When a hedge fund fails, the challenge forthe practitioner is to appreciate the nature ofthe complex financial instruments it owns,the cross-border insolvency andjurisdictional complexities of administeringthe fund and the challenge of balancing theinterests of creditors and investors. Thissession will focus on the experiences gainedby practitioners from the first round of hedgefund failures in late 2007 and early 2008.
Breakout B4Credit derivatives in restructuringAs a credit risk management tool, creditderivatives have enjoyed phenomenalsuccess in terms of raw numbers.According to ISDA, the notional amount ofoutstanding credit derivatives at mid-2007was $45.46 trillion. This reflected an annualgrowth rate of 75%. In light of the subprimecrisis, is this success story about tochange? Discuss with our panel of experts.
Breakout B5Operational turnaround: A growing conceptThe Company is in distress. The financialexperts are working to restructure thebalance sheet. The lawyers are keeping allthe constituents at bay, but financialexperts and lawyers can’t fix the rootproblems in manufacturing, quality,scheduling and purchasing. Cost cuttingalone is not the answer! This session willdiscuss what special skills and tools arerequired as well as the approach to betaken to fix the real problems. Caseexamples will be used to demonstratepractical applications.
Breakout C1Hear no evil; See no evil; Speak no evil –Best practices for smaller practitionersThe complicated issues of businessprotocols; defamation; money launderingand unauthorised information leaving youroffice are hard enough when you have theback-up of a major firm. What systems dothe smaller practitioners need to instigate,in order to protect the firm and clients fromcorrespondence and e-mails leaving youroffice, which may come back to bite youlater on? How do you protect confidentialityand what simple precautions can you taketo ensure that your client files and clientdata are safe?
Breakout C2The funding and growth of smallerpractices, work in progress & litigationFunding small practices is always an issue,particularly when if a practice is starting upor is in a growth position or is strugglingwith its cash flow due to the inability to collect debts in a timely manner. Thissession will talk through the issues and thesolutions as well as pinpointing the ways toensure that cash issues do not becomeproblems. Senior representatives from thelegal and accountancy professions willshare their experience and answerquestions from practitioners.
Breakout C3You can teach old practitioners new tricks– It’s never too late to learnKeeping up to date and keeping your staffup to date, without the resources of a largefirm, is very difficult. Who is going to runthe cases whilst you are out on a course orat a conference? Can you train your staffinternally, or do you need to send them outon courses? How do you recruit good staffand what should you be offering yourpeople to increase their knowledge and do a better job for you? Could electronic e-learning help us with the answers to this problem?
Breakout C4Marketing of smaller practices – Brandingourselves in a world full of multinationalsMarketing is key to the success of smallerpractices, but many practitioners struggleto carve out the time to reach out to theirmarkets or to create the materials theyneed to do it effectively. The panel willfocus on identifying workable and relevantmarketing strategies for busy professionals,with an emphasis on good technical andtopical marketing.
Breakout C5A policeman’s lot is not a happy one –Compliance issues and how IP’s areregulated around the world.In some countries insolvency practitionersare a highly regulated profession. Bycontrast there are others where insolvencypractitioners are not regulated at all and nobasic qualifications or skills are required topractise. Join this lively meeting to discusssome of the leading topics on howinsolvency practitioners are appointed, therequired qualifications, selection process,supervision of insolvency practitioners andthe controversial issues relating toremuneration.
Technical Programme Breakouts
In order to help reference the different breakout sessions they are denoted as follows: Sessions A1-A5 are general cross-border issues Sessions B1-B5 focus on specialist areas Sessions C1-C5 smaller practice issues
Mon 15 Sept10.00-11.15am
11.45-1.00pm
2.15-3.30pm
Tues 16 Sept11.00-12.15pm
1.30-2.45pm
5
The Group of Thirty-Six features some of the most prominent and influential firms within theinsolvency and turnaround profession. The aim of the Group of Thirty-Six is to work with INSOL todevelop best practice guidelines and develop legislation to enhance the ability of practitionersglobally to save businesses throughout the world.
Allen & Overy LLPAlvarez & MarsalBaker TillyBegbies Global NetworkBingham McCutchen LLPCadwalader, Wickersham & Taft LLPChadbourne & Parke LLPCleary ,Gottlieb Steen & Hamilton LLPDavis Polk & WardwellDeaconsDe Brauw Blackstone WestbroekDeloitte & Touche LLP
Ernst & Young
Ferrier Hodgson
Freshfields Bruckhaus Deringer
Goodmans LLP
Norton Rose LLP
Grant Thornton
Greenberg Traurig LLP
Huron Consulting Group
Jones Day
Kaye Scholer LLP
Kirkland & Ellis LLP
KPMG
KrollLinklaters LLPLovells LLPPepper Hamilton LLPPPBPricewaterhouseCoopersRSM Corporate Advisory ServicesShearman & Sterling LLPSkadden, Arps, Slate, Meagher & Flom LLPVantisWeil, Gotshal & Manges LLPWhite & Case LLP
Plenary Sessions
Monday 15 SeptemberNew trends in the office of the CRO - Interview of a leading CRO 4.00pm – 5.00pmThe role of the Chief Recovery Officer (CRO) has always been an important one in a corporation. It is alsoincreasingly coming under the spotlight in turnaround/workout situations, with a growing use of externally-sourced CROs. This session will cover the importance of the CRO role in turnaround situations andhighlight the ways in which the role is changing in response to changes in insolvency/recovery practice.
Tuesday 16 SeptemberCross-border co-operation or conflict? - A debate 9.15am – 10.30amIn the absence of a comprehensive multinational regime for handling cross-border insolvency issues andeven under UNCITRAL the burden of resolving such issues tends to fall upon judges. Two judges - willprovide a judicial perspective on the problems that cross-border insolvency creates.
Private equity bubble supporting liquidity across the world 3.15pm – 4.30pm and its likely impact on the world economy Debt default rates have been at historic lows (1%) but various forecasters are predicting increases in 2008/09of 4 to 5 percent; opportunity or problem for private equity? Covenant lite deals, inter creditor issues amongvarious tranches of lien holders, tougher to get “rescue capital” for refinancing, more litigation; and how willall of this affect the “option value” held by the equity sponsors? The panel will address these issues andmore in the context of large and middle market deals.
INSOL Academics’ Group Ancillary MeetingMonday 15 September – 8.30am – 5.00pm and Tuesday 16 September 8.30am – 1.00pmThe INSOL Academics Group has become so successful that they meet each year. The Group is highlyinteractive and will discuss and debate the individual papers presented by some of the worlds leadingprofessors. This gives delegates an opportunity to hear the latest cutting edge theories and ideas from theacademic world. This year sessions will cover a wide variety of subjects as listed below. A more detailedoutline will be available later this year.
Session 1: The Development of Bankruptcy Laws in Emerging Markets and Economies under Transition
Session 2: Learning from our Hosts: Studies in the Recent Chinese Bankruptcy Reforms
Session 3: Focus upon current issues affecting insolvency law and policy
6
Conference Registration Form
14th – 16th September 2008,Conference Venue; Pudong Shangri-La, Shanghai, People’s Republic of China
Deadline for early registration fee: 14 July 2008
Closing Deadline: 26 August 2008
Please mail or fax this form to: Penny Robrtson, INSOL International, INSOL Shanghai, 2/3 Philpot Lane, London EC3M 8AQ. Fax: +44 207 929 6678
You can also register online at www.insol.org
Note: This delegate registration form is valid for one delegate. Photocopies may be made for additionalreservations. This registration form can only be accepted if accompanied by full payment, which can be made by cheque, or credit card.
Title: First Name: Surname:
Name as you wish it to appear on badge:
Firm Name:
Address:
Tel: Fax: E-mail:
Which governing body/state do you require approval for CPE/CLE credits:
The delegate registration fee includes entry to the technical sessions on Monday 15 September, Tuesday 16 September, Conferencelunches on 15 and 16 September, the Welcome Dinner on Sunday 14 September and the Gala Dinner on Tuesday 16 September. It does not include entry to the Academic’s Programme on the 15 - 16 September 2008.
Accompanying Person
Title: First Name: Surname:
Name as you wish it to appear on badge:
The accompanying person registration fee includes entry to the Welcome Dinner on Sunday 14 September and the Gala Dinneron Tuesday 16 September.
Registration Fees Before 14 July After 14 July Amount Payable
INSOL Member Conference £999.00 £1,150.00 £
Non Member Conference £1,150.00 £1,300.00 £
Accompanying Person Fee £200.00 £240.00 £
INSOL Academics’ Meeting (Academic) £250.00 £300.00 £
INSOL Academics’ Meeting (non-academic) £300.00 £350.00 £
Office use onlyACKNOWLEDGED / CONFIRMED DATE CONFIRMATION #
7
In order to help reference the different breakout sessions they are denoted as follows:Sessions A1-A5 are general cross-border issues. Sessions B1-B5 focus on specialist areas. Sessions C1-C5 smaller practice issues.
Breakout Sessions Monday 15 SeptemberPlease choose ONE session from each groupSessions: 10.00am – 11.15am Sessions: 11.45am – 1.00pm Sessions: 2.15pm – 3.30pm
A1 � Non performing loans in Asia A2 � Risk management A3 � After the money’s gone
B1 � Shop till you drop B2 � Role of rating agencies B3 � Unwinding insolvent hedge funds
C1 � Hear no evil; See no evil C2 � Funding of smaller practices C3 � It’s never too late to learn
Breakout Sessions Tuesday 16 September Please choose ONE session from each groupSessions: 11.00am – 12.15pm Sessions: 1.30pm – 2.45pm
A4 � Islamic banking A5 � The PRC bankruptcy law
B4 � Credit derivatives B5 � Operational turnaround
C4 � Marketing of smaller practices C5 � Compliance Issues and how IP’s are regulated
Social Functions – Conference Delegates and Registered Accompanying Persons OnlyPlease tick the box to confirm attendance at the social functions
Welcome Dinner on Sunday 14th September� Gala Dinner on Tuesday 16th September�
Payment SummaryIf you wish to pay by cheque we can accept payment in Pounds Sterling. If you wish to pay by credit cardplease make the calculations and payment in Pounds Sterling. Cardholders will be charged by their credit cardcompanies in their local currency. INSOL International is not responsible for any losses or gains in the fee dueto currency changes.
Delegate Fee: £ Accompanying Person’s Fee: £
Academics Meeting Fee: £ Total: £
I enclose a cheque/draft to the order of:
Please debit my credit card details below for the order of:
American Express � MasterCard � Visa �Card Number: Expiry Date: Security No:
Cardholder Name:
Card Billing Address (if different from address on previous page):
Signature: Date:
Special Dietary RequirementsIf you have any dietary restrictions, please remember to identify yourself to the staff at each event.
INSOL will try their best to accommodate any special dietary requests:
Additional Requirements
The Pudong Shangri-La is fully wheelchair accessible. If you require further information please contact the hotel.
Hotel:Please indicate for our records which hotel you will be staying at:
8
Hotel Reservation FormReservation Deadline: 22 August 2008(Reservations after this date cannot be guaranteed, and will be subject to availability)
Reservations should be made directly with Pudong Shangri-La by returning this form to fax number +86-21-68820160 on or before 22 August 2008. Any reservation request after this date will be subject toavailability. Special conference rates have been arranged for all participants; in order to avail of this rate, pleasedo not book your reservation through a travel agent. The below credit card number will serve to guarantee theroom reservation and authorise Pudong Shangri-La to charge if the reservation is cancelled after the 22 August2008 or a no show will result in a late cancellation charge equivalent to the full duration of stay. Early departurewill be charged for the duration as originally reserved. Our Reservations Department will be re-sending thesame form through fax as an acknowledgement and confirmation of the room reservation.
Pudong Shangri-La, Shanghai, 33 Fu Cheng Lu, Pudong, Shanghai 200120, ChinaPhone: (86-21) 6882 8888 Fax: (86-21) 6882 0160
All hotel bookings are the responsibility of the individual delegate to make and cancel directly with the hotel. You can also make your reservation online at: http://www.shangri-la.com/en/property/shanghai/pudongshangrilaUnder the “Special Rate” area, select “Group” and enter the Group Code: INS120908
Surname (Mr./Ms./Mrs./Dr): Given Name:
Company Name:
Position:
Telephone Number: Fax Number:Country code / Area code / Tel Country code / Area code / Fax
E-mail Address:
I WOULD LIKE TO RESERVE: (please tick the appropriate box)
Deluxe, River Wing: Single / Double Occupancy RMB2,300.00 � / RMB2,500.00 �Deluxe Bund, River Wing: Single / Double Occupancy RMB2,600.00 � / RMB2,900.00 �Executive, Grand Tower: Single / Double Occupancy RMB2,500.00 � / RMB2,700.00 �• The above rates are subject to 15% surcharge per room per night• The above rates do not included breakfast
Arrival Date: (DD) / (MM)/ 2008 Departure Date: (DD) / (MM)/ 2008
Arrival Flight #: ETA: Departure Flight #: ETD:
AIRPORT TRANSFER REQUIREMENT(Buick Car)
� Airport-to-hotel RMB 400 net (Hongqiao Airport)/RMB 620 net (Pudong New Airport)
� Hotel-to-airport RMB 400 net (Hongqiao Airport)/RMB 620 net (Pudong New Airport)
ALL RESERVATIONS TO BE GUARANTEEDI wish to guarantee my reservation: (please complete credit card/charge card details)
� American Express � Diners Club � Master Card � Visa Card � JCB Card
Credit Card Number: Expiry Date:
Cardholder Name (please print):
ACKNOWLEDGED / CONFIRMED DATE CONFIRMATION #
The Pudong Shangri-La Hotel, Reservations Department
9
Registration Information
Payment: Conference payments by cheque can be made in Pounds Sterling (£) and made payable toINSOL International Limited. Payment should be sent together with your registration form to INSOL International,2-3 Philpot Lane, London, EC3M 8AQ.
Payment can be made by personal or company cheque. Please ensure that the name of the delegate and/oraccompanying guest and company is written clearly on the back of all cheques, which accompany theregistration form. Cheques must be made payable to INSOL International Limited for the Conference fee.
If you wish to pay by credit card we accept Visa, Mastercard and American Express. All payments debited fromyour credit card will be in Pounds Sterling (£). Cardholders will be charged by their credit card companies in theirlocal currency. INSOL International is not responsible for any losses or gains in the fee due to currency changes.
Disclaimer: INSOL International (INSOL) cannot accept any liability for any loss, cost or expense suffered orincurred by any person if such loss is caused or results from the act, default or omission of any person other thanan employee or agent of INSOL International. In particular INSOL cannot accept any liability for losses arisingfrom the provision of services provided by hotel companies or transport operators. Nor can INSOL accept liabilityfor losses suffered by reason of war, including threat of war, riots, and civil strife, terrorist activity, natural disaster,weather, fire, flood, drought, technical mechanical or electrical breakdown within any premises visited bydelegates or their guests in connection with the Conference, industrial disputes, government action, regulations ortechnical problems which may affect the services provided in connection with the Conference. INSOL is not ableto give any warranty that any person will appear as a speaker or panellist. English Law shall govern the contractbetween delegates, accompanying persons and INSOL International and any disputes shall be the exclusivepreserve of the English Courts.
Copyright: Copyright in all software, papers and other material produced for the Conference will be vested inINSOL. Companies and their delegates may copy such material for their personal use, but further copying, and inparticular copying for sale or any other commercial purpose is prohibited without prior permission.
Travel & Health Insurance: INSOL International shall not be responsible for, and shall be exempt from, all liabilityin respect of any loss, damage, injury, accident, delay or inconvenience to any person during the tours orConference. It is the delegate and accompanying person’s responsibility to be adequately insured in case ofclaims pertaining to travel/accidents and illness for the duration of your visit to the People’s Republic of China.
Cancellation of the Conference by the Organisers and Insurance: In the event that the Conference is cancelledby INSOL, or by any reason of any factor outside the control of INSOL, and cannot take place, the amount of theRegistration fee shall be refunded. The liability of INSOL shall be limited to that refund, and INSOL shall not beliable for any other loss, cost or expense, howsoever caused, incurred or arising. In particular, INSOL shall not beliable to refund any travel costs incurred by delegates or their guests or their companies. It follows that delegatesand their guests and their companies are advised to take out comprehensive insurance including travel insurance.
Cancellations of attendance by Delegates: All cancellations must be made in writing and sent to INSOLInternational, 2-3 Philpot Lane, London, EC3M 8AQ United Kingdom. The policy regarding the refund ofregistration fees is as follows:
Cancellations received up to and including 14 August 2008There will be a cancellation fee of £50 per delegate and/or accompanying guest, which will cover the productionof delegate materials and administration expenses.
Cancellations received after 14 August 2008It is regretted that from this date, there will be no refund of registration fees received, and delegates will be liablefor the total cost of any outstanding fees relating to the Conference. A substitute maybe put forward to fill yourdelegate’s place.
Confirmation of Cancellation: If no written confirmation of the cancellation is received within 24 hours pleasecontact INSOL International and ensure the cancellation has been received.
Hotel Bookings and Cancellations: All hotel bookings are the responsibility of the individual delegate to makeand cancel directly with the hotel. Credit card guarantee is required at time of reservations.
Please note the Pudong Shangri-la operate the following cancellation policy: Any reservation cancelled afterthe 22 August 2008 or no shows will result in a late cancellation charge equivalent to the full duration of stay.Early departure will be charged for the duration as originally reserved.
Guaranteed reservations will be held until noon on the following day of the confirmed arrival date. All non-guaranteed reservations will be released after 18.00 hours on the date of scheduled arrival. Thereafter,guestrooms will be subject to availability.
No Show Policy: Should you fail to arrive at the hotel on the date stipulated by yourself, you will be charged100% no-show fees.
Conference Registration via the net: Registrations can also be made via the INSOL website at www.insol.org
10
Sponsors
INSOL International would like to thank the following sponsors for their generous support of INSOL Shanghai.
Main Sponsors: Begbies Global Network • BMC Group • Grant Thornton • Mayer Brown JSM
General Sponsors: AlixPartners LLP, Clayton Utz, Bond Partners LLP, Epiq Systems, Inc., The Financial Times, hww wienberg wilhelm, RSM Corporate Advisory Services
Main Organising Committee
David Kidd Allen & Overy LLP Conference Co-ChairDr Li Shuguang Bankruptcy Law & Restructuring Research Centre Conference Co-Chair
China University of Politics & Law John Toohey PricewaterhouseCoopers TreasurerDavid Cowling Clayton Utz Technical Co-ChairJohnson Kong BDO McCabe Lo Ltd Technical Co-ChairBruno Arboit Baker Tilly Hong Kong Marketing ChairNeil McDonald Lovells LLP Sponsorship Chair
Technical Programme Committee
David Cowling Clayton Utz Technical Co-ChairJohnson Kong BDO McCabe Lo Ltd Technical Co-ChairPatrick Ang Rajah & TannPaul Billingham Grant ThorntonJames Bromley Cleary, Gottlieb Steen & Hamilton LLPGeoff Carton-Kelly Baker TillyProf. Han Changyin Shanghai Jiao Tong UniversityBill Diehl BBK LtdPhilip Gilligan DeaconsMichael Harper Chapman TrippMark Hyde Clifford Chance LLPHironori Ishizaka AlixPartners Asia LLPBernd Meyer-Lowey Kirkland & Ellis International LLPRob Morris Ernst & Young Transactions LimitedAshwani Puri PricewaterhouseCoopers Pvt LtdProf. Wang Weiguo China University of Politics & Law
Member Association Committee
Dr Li Shuguang Bankruptcy Law and Restructuring Research Centre China University of Politics and Law
Peter Tisman Hong Kong Institute of Certified Public AccountantsMike Lotzof Insolvency Practitioners Association of AustraliaRamchand N Jagtiani Insolvency Practitioners Association of SingaporeJanet Tan Institute of Certified Public Accountants of SingaporeDavid Perry INSOL New ZealandTomoo Tasaku Japanese Federation of Insolvency ProfessionalsTony Ryan Law Council of Australia Business Law SectionTian Huat Lim Malaysian Institute of Certified Public AccountantsLampros Vassiliou Thai Association of Restructuring Advisors
11
Tours
Peoples Square Perspective Tour People’s Square, Shanghai Museum and the Municipal Urban Town Planning Exhibition CenterSunday 14 September - Morning Half-Day Tour: 9.30am – 1.00pm US$40 per personThe People’s Square is located in the centre of downtown Shanghai. Before liberation it was a racecourse. Now,you will find here the Municipal City Hall, Shanghai Museum and Shanghai Grand Theater.
Opened in 1994, the new Shanghai Museum houses a spectacular collection of Chinese relics. A wanderthrough the exhibit reveals tastefully illuminated artefacts dating from the Neolithic Age to the Qing Dynastyand contemporary times.
Shanghai Urban Planning Exhibition Hall- where people can get a vision of the city’s exciting future. Thismuseum was opened in February 2000. Five floors detail the ambitious plans of Shanghai’s urban planners.Visitors are provided with a glimpse of how Shanghai will look like in a couple of decades. The centerpieceon the third floor is a huge model of the city as it is now.
A Taste of Old Shanghai Confucius Temple, Yu Gardens and Tea CeremonyMonday 15 September – Morning Half-Day Tour: 9.30am – 1.30pm US$45 per personShanghai Confucian Temple: Built in 1855 on the site of the Zitong Clan Temple, and most recently restored tocelebrate the 2,550th birthday of Confucius in 1999 (after serving as a Children’s Palace), this temple honoringChina’s Great Sage is a quiet refuge from the crowded streets of the Old Town nearby.
Before entering Yu Yuan, the group will stop for a 20 minute Tea Ceremony in the Oldest Tea House inShanghai. As with Tai Chi, Calligraphy & Feng Shui, in China most traditional activities have a place, an orderand a purpose. The ancient tradition of serving tea is no different. Such is its importance that on the day ofones Wedding, it is customary to serve tea to all the senior members of the bride and bridegrooms family (inhierarchical order) as a mark of respect.
In Shanghai’s ‘Old Town’ district are the Yu Yuan Gardens, the cities most famous example of the traditionalgardens kept by wealthy families in the Ming & Qing Dynasties. This traditional Garden is a masterpiece ofbeautiful pavilions, miniature lakes, bridges and rock formations.
Chao Yang Cooking School – Yu Kan KukTuesday 16 September – Afternoon Half-Day Tour: 1.30pm – 5.00pm US$55 per personThe Chao Yang Cooking School is where the grand hotels in Shanghai send their chefs for training andrefresher courses, as well as the training ground for future Chefs. There will be a market set-up at thecooking school with ingredients for the cooking lessons laid out for the participants. During the interactivesession you will learn to cook 3 dishes under the direction of the school’s leading teachers. Take these skillshome with you and you’ll be an instant success at future dinner parties.
Five Senses in a Day. Sight, smell, taste, touch & hearingAncient Water Village, Children’s Palace and Silk FactoryTuesday 16 September + Wednesday 17 September – Full-Day Tour: 9.00am – 5.30pm US$85 per personExcursion to the water village, Zhujiajiao. Zhujiajiao is an ancient town that has existed on the bank ofDianshan Lake, at the foot of Dianshan Hill for over 1000 years. It is located 50 kilometers from downtownShanghai in Qingpu County. More than one thousand Ming and Qing dynasty buildings still stand in differingstates of repair and disrepair and 36 ancient stone bridges cross the canal that runs through the center of thetown. Places of historical interest and scenic beauty surround you every step you take here.
When entering Zhujiajiao, participants will be taken to a local teahouse where they will learn to make a‘Zhong Zi’. This is a local glutinous rice with sweet meats and/or fruits wrapped in lotus leaf. These will beleft to steam while they wander the streets. After the tour of the town, they will return to the teahouse andenjoy their Zhong zi while partaking in a Tea Ceremony.
A light lunch will be taken at the Tianma/Silport Golf & Country Club
Transfer to the Children’s Palace where young musicians will display traditional Chinese instruments. Theywill show how the instruments are played and give a brief history of the instrument, its main purpose in thearts (i.e. Peking Opera) and an idea of the technical skills will be given by the guide.
Children’s Palace: Many mansions from Shanghai’s opulent past have been given new life in recent years. Onesuch building is the Kadoorie Mansion or Marble Hall which was the home of one of Shanghai’s wealthiestfamilies before the Communist Party came to power. Following the Cultural Revolution, Children’s Palaceswere created all over China as schools for gifted children to study and practice the arts. Visitors are invited toattend special performances and regular classes by these children. These centers are unique educational andcultural centers with outstanding international reputations of young people’s extracurricular education.
Transfer to the Ju Long Silk Store/Factory. At the Silk Store there will be a demonstration/explanation on Silk.The processes behind its manufacture and how silk is made and used. The guests will be shown an array ofdifferent quality of silks and get to feel and touch them as a way of defining the quality of the product.
There will then be a little time to get some shopping in…Not sure where it comes into the 5 senses, but it isalways popular.
12
Pre & Post Tours
Yangtze River Tour 10- 14 September US$750 P/P based on 2-5 pax (Single Occupancy supplement US$350)No trip to China is complete without a cruise on the world-famous, spellbinding Yangtze River and ourfive-star cruises do not disappoint. Owners of the prestigious and only official five-star cruise ships inChina, the m/s East King and East Queen, the Orient Royal Cruise Company is one of the few leadingwestern-oriented cruise operators to course the mighty Yangtze. Charting exclusive 3 and 4 nightitineraries through the spectacular Three Gorges between Yichang and Chongqing, our river trips promiseunparalleled adventure, combining unabashed luxury with majestic scenery and fascinating culturalattractions.
Day 1: Afternoon transfer to airport for flight to Yichang, After dinner transfer to embark the cruiserDay 2: Afternoon Three Gorges Dam Project – shore Excursion, Three Gorges Dam ProjectDay 3: Morning passing Xiling Gorge – West PartDay 4: Morning Wanzhou or Fengdu – shore excursionDay 5: Morning Disembark at Chongqing, then transfer to airport for flight to Shanghai
Service including: • Four nights double occupancy accommodation in Orient Royal Cruiser (5-star, superior cabin) *for single
occupancy, another USD350 is required. • Transfer service• English speaking guide for airport transfer• 3 excursions mentioned in the proposal• All meals on board for food only• One dinner in Yichang with free flow of local beer, local mineral water & soft drinks.
Service excluding:• Sightseeing, service and any other meal not mentioned in the proposal• Any air tickets and airport tax• Optional entertainment• Excess baggage fees • Travel insurance• Gratuities to local guides & drivers• Expenses of a private nature such as laundry telephone charges etc.
Beijing & Xian Tour 17- 21 September US$1800 P/P based on 2-5 pax (Single Occupancy supplement US$720)Beijing, the capital of China formerly known as Peking, is the political, cultural and economic center of theworld’s most populous country. It is China’s second largest city in terms of population and the largest inadministrative territory. The total area incorporated within its boundaries is 6,490 square miles, including anumber of outlying rural counties.
Famous points of interest include Tiananmen Square, the Great Hall of People, Qianmen Gate, and theMonument to the People’s Heroes, Chairman Mao’s Memorial Hall, the Forbidden City, and Museum of theChinese Revolution, Museum of Chinese History, Temple of Heaven, Beihai Park, the Summer Palace andthe Great Wall.
Next to Beijing, Xi’an is the most important place to visit in China if you are interested in ancient Chinesehistory, traditional culture, and archaeology. It is an important Neolithic site and was the capitalintermittently for 1,087 years (eleven dynasties including the Zhou, Qin, Han, Sui and Tang). From theeleventh century BC to the fourteenth century AD it was the eastern end of the Silk Road.
Day 1: Arrive at Beijing Int’l Airport and transfer to hotel. Afternoon visit Tian’anmen Square & Forbidden CityDay 2: Morning visit the Great Wall – Juyongguan Section. Afternoon foot massage and then shopping
at Silk MarketDay 3: Morning visit Summer Palace with boat ride on Kunming Lake. Afternoon transfer to airport for
flight to Xi’anDay 4: Morning transfer to visit Terracotta Warriors Museum. Afternoon visit Big Wild Goose Pagoda &
Grand Mosque in Muslim AreaDay 5: Morning transfer to the airport
Service including: • Four nights double occupancy accommodation in Beijing China World Hotel & Xi’an Softel Hotel (5-star) • Transfer service• English speaking guide service• Admissions to all the scenic spots mentioned in the proposal• Four lunches and four dinners mentioned in the proposal, with free flow of soft drinks, beer and local
mineral water.
13
Pre & Post Tours (continued)
Service excluding:• Sightseeing, service and any other meal not mentioned in the proposal• Any air tickets and airport tax• Optional entertainment• Excess baggage fees • Travel insurance• Gratuities to local guides & drivers• Expenses of a private nature such as laundry, telephone charges etc.
These tours, designed by Destination China, are for participating delegates and accompanying persons ofthe INSOL International Annual Conference.
All sightseeing tours include informative English speaking commentary, all entry fees and meals wherespecified. Comfortable shoes and clothing are recommended for all tours. For any outdoor tours werecommend that participants bring sun protection cream, sun hat and sunglasses.
All city tours in Shanghai are based on a minimum number of 10 participants and all the pre & post toursare based on a minimum number of 2 participants. If minimum numbers are not reached, alternativearrangements or a complete refund will be made. Places on tours are limited and will be allocated strictlyin order of receipt of payment. Where participants cancel their day tour bookings 14 days prior to theevent, payment will be refunded in full. Where participants cancel their pre or post tours 60 days or withinprior to the event, 40% payment will be refunded. Where participants cancel their pre or post tours 30days or within prior to the event, 10% payment will be refunded. Thereafter, no refund will be made.
DisclaimerThe services specified in these tour descriptions are available at the time of writing. However, in the eventthat any service(s) becomes unavailable for any reason, Destination China will make every effort to supplyalternative services of an equal standard and value but cannot accept any responsibility for failure toprovide the specified services.
Please contact Mandy Zhang at Destination China by email at [email protected] by Fax: 86 21 62880369
General Information
Conference Hotel: The Pudong Shangri-La, 33 Fu Cheng Lu, Pudong, Shanghai 200120, ChinaTel: (86-21) 6882 8888 Fax: (86-21) 6882 9998 Web: www.shangri-la.com
Check In/Checkout Time: The room as reserved shall be made available for occupancy after 1400 hourson the day of arrival. Should delegates wish to occupy the room before 1400 hours, placing a reservationa night prior to the arrival date is recommended. Checkout time is 1200 hours. Daily group rate will bechargeable for late check-out beyond 1200 hours.
Visa and Other RequirementsIt is the delegates’ responsibility to ensure they have the correct travel documents to enter China.Delegates should check with their travel agents and/or local PRC Embassy or Consulate for current visarequirements.
Visas are required for all those entering Mainland China except Brunei, Japan and Singapore passportholders who can enjoy visa-free access to China for not more than 15 days.
Travel Time from Airport to Shangri-La Pudong HotelShanghai has two main airports with Pudong the main international gateway and Hongqiao serving mostdomestic flights.
35 minutes from Hongqiao Airport50 minutes from Pudong International Airport
The Pudong International Airport is linked to Shanghai’s metro with a new magnetic levitation train, theMaglev; the journey takes only eight minutes and costs ¥50. Taxis are available.
ClimateWeather in September is cooling, ranging between 18.6ºC to 23.5ºC.
CurrencyThe currency in China is the Renminbi, which translates as people’s money, although credit cards arewidely accepted, and you can withdraw money from cash points using cards with a Visa logo on them.
14
General Information (continued)
TippingTipping is not expected in the country, although increasingly in international hotels, it is becoming moreand more common.
Electricity220V 50Hz
LanguageThe language of the conference is English.
Joining InstructionsA confirmation of your booking will be sent to you on receipt of receiving your registration and payment.The joining instructions will be sent by email on 18 August 2008.
BadgesIt is vital that all delegates wear their badges. Without your badge you will not be allowed access toconference sessions and functions. Delegates must wear their badges for access to the technicalsessions, lunches and social functions. Accompanying persons need to wear their badges to allow themaccess to the social functions.
Conference Dress CodeSpeakers are requested to wear Business Attire. For the social functions jackets are required, tie optionaland smart casual to the Conference sessions.
Continuing Professional EducationFor those delegates who are required by their professional associations to achieve minimum levels ofcontinuing education, certificates of attendance will be available on request.
The Law Society of England and Wales has accredited this conference for ten and one quarter hours ofCPE. The relevant form is available at the Conference Office. The reference number is BXZ/INSO. Pleasecomplete your form and leave it in the boxes at the back of the plenary room. A prize draw winner will beannounced at the Gala Dinner.
For those delegates who are required by their professional associations to achieve minimum levels ofcontinuing education, certificates of attendance will be available on request.
The Hong Kong Institute of Certified Public Accountants have accredited this conferencefor 15.5 CPD hours.
The ICPAS has accredited this Conference for ten and a quarter of CPE.
The IPAS has accredited this Conference for ten and a quarter of CPD.
The Canadian Association of Insolvency and Restructuring Professionals (CAIRP) hasapproved the conference and Ancillary Meetings for their Mandatory ProfessionalDevelopment Credits.
Association of Insolvency and Restructuring Advisors is registered with the NationalAssociation of State Boards of Accountancy (NASBA) as a sponsor of continuingprofessional education on the National Registry of CPE Sponsors. State boards ofaccountancy have final authority on the acceptance of individual courses for CPE credit. For more information regarding administrative policies such as complaint and refund, please
contact our offices at 541-858-1665. The National Registry of CPE Sponsors may be reached atwww.nasba.org. This conference is considered an “update” course level and is a group-live offering.
New York and many US states have adopted procedures to extend comity to jurisdictions whose CLE accreditation standards meet their standards. The Law Society of England and Wales is one of theseapproved jurisdictions.
2-3 Philpot Lane, London, EC3M 8AQ Tel: +44 (0) 20 7929 6679 Fax: +44 (0) 20 7929 6678http://www.insol.org
AMERICAN BANKRUPTCY INSTITUTE (Professional Section) - USAASOCIACIÓN ARGENTINA DE ESTUDIOS SOBRE LA INSOLVENCIA - ARGENTINA
ASSOCIATION OF BUSINESS RECOVERY PROFESSIONALS – R3 - UKASSOCIATION OF HUNGARIAN INSOLVENCY LAWYERS - HUNGARY
ASSOCIATION OF INSOLVENCY AND RESTRUCTURING ADVISORS - USAASSOCIATION OF INSOLVENCY PRACTITIONERS OF SOUTHERN AFRICA
BUSINESS RECOVERY AND INSOLVENCYPRACTITIONERS ASSOCIATION OF NIGERIABUSINESS RECOVERY AND INSOLVENCY PRACTITIONERS ASSOCIATION OF SRI LANKA
CANADIAN ASSOCIATION OF INSOLVENCY AND RESTRUCTURING PROFESSIONALSCANADIAN BAR ASSOCIATION (Bankruptcy and Insolvency Section)
CHINA UNIVERSITY OF POLITICS AND LAW, BANKRUPTCY LAW AND RESTRUCTURING RESEARCH CENTRECOMMERCIAL LAW LEAGUE OF AMERICA (Bankruptcy and Insolvency Section)
CONSIGLIO NAZIONALE DEI DOTTORI COMMERCIALISTI - ITALYCONSIGLIO NAZIONALE DEI RAGIONIERI E PERITI COMMERCIALI
(GRUPPO PER LA GESTIONE DELLE CRISI FINANZIARIE DI IMPRESE NAZIONALI ED INTERNAZIONALI) - ITALYCZECH CHAMBER OF INSOLVENCY PRACTITIONERS
ESPECIALISTAS DE CONCURSOS MERCANTILES DE MEXICOGROUPE DE RÉFLEXION SUR L’INSOLVABILITÉ ET SA PRÉVENTION - FRANCE
HONG KONG INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS (Insolvency Interest Group)HUNGARIAN ASSOCIATION OF INSOLVENCY PRACTITIONERS
INSOL NEW ZEALANDINSOLAD - VERENIGING INSOLVENTIERECHT ADVOCATEN - THE NETHERLANDS
INSOL–EUROPEINSOL–INDIA
INSOLVENCY PRACTITIONERS ASSOCIATION OF AUSTRALIAINSOLVENCY PRACTITIONERS ASSOCIATION OF SINGAPORE
INSTITUTO BRASILEIRO DE GESTAO E TURNAROUND - BRAZILINSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF SINGAPORE (Special Interest group of Insolvency)
INTERNATIONAL ASSOCIATION OF INSURANCE RECEIVERS - USAINTERNATIONAL WOMEN’S INSOLVENCY AND RESTRUCTURING CONFEDERATION
JAPANESE FEDERATION OF INSOLVENCY PROFESSIONALS LAW COUNCIL OF AUSTRALIA (Business Law Section)
MALAYSIAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTSNEPALESE INSOLVENCY PRACTITIONERS ASSOCIATION
REFor - THE INSOLVENCY PRACTITIONERS REGISTER OF THE NATIONAL COUNCIL OF SPANISH SCHOOLS OF ECONOMICS - SPAIN
SELF-REGULATED ORGANIZATION OF ARBITRATION MANAGERS OF THE CHAMBER OFCOMMERCE AND INDUSTRY OF THE RUSSIAN FEDERATION (SOAM CCI OF RUSSIAN FEDERATION)
RUSSIAN UNION OF SELF-REGULATED ORGANIZATIONS OF ARBITRATION MANAGERSTHE ASSOCIATION OF THE BAR OF THE CITY OF NEW YORK
TURNAROUND MANAGEMENT ASSOCIATION (INSOL Special Interest Group) - USATHAI ASSOCIATION OF RESTRUCTURING ADVISORS
INSOL International Member Associations
International Association of Restructuring, Insolvency & Bankruptcy Professionals
Related Documents
