INSOL International is pleased to announce the sixth graduating class of the Global Insolvency Practice Course. The successful participants, including Andrea Harris, KRyS Global, are now formally recognised as a Fellows, INSOL International.
The Global Insolvency Practice Course is the pre-eminent advanced educational qualification focusing on international insolvency.
With the fast growing number of cross-border insolvency cases and the adoption in many jurisdictions of international insolvency rules and provisions, the turnaround and insolvency profession faces increasing challenges in the current economic environment. The current outlook demonstrates that the practitioners of tomorrow need to have extensive knowledge of the transnational and international aspects of legal and financial problems of businesses in distress.
The format of the fellowship programme is intensive, carried out over three modules. The first module took place in London 10 – 12 November 2014. The second module was held in San Francisco from 19 – 21 March 2015 prior to INSOL San Francisco. The last module involved the students utilizing web enabled technology which included a virtual court and undertaking real time negotiations for a restructuring plan involving multiple jurisdictions.
The platform for this module was made available through the generous support of the University of British Columbia, Vancouver, Canada. A number of senior judges from around the world took part in Module C in order for the participants to gain experience of court to court situations. The judges included The Hon. Robert Drain, US Bankruptcy Judge, Southern District of New York; Sir David Richards, Justice of the High Court, Chancery Division, Royal Courts of Justice, London; The Honourable Judge Eberhard Nietzer, Heilbronn Bankruptcy Court, Germany: The Honourable Geoffrey Morawetz, Justice of the Ontario Superior Court of Justice, (Commercial List), Toronto, Canada: Mr Justice Paul Heath, High Court of New Zealand: Mr Justice Daniel Carnio Costa, Court of São Paulo, Brazil.
Admission to the course is limited. This ensures academic excellence and the opportunity for good personal contact between students and faculty. Potential candidates must already hold a degree or equivalent to be considered for this programme and must have a minimum of 5 years experience in the field. The total number of INSOL Fellows worldwide is 92 across 26 different countries.