IWIRC eNewsletter March 2016

IWIRC P.O. Box 249 / Stanardsville, VA 22973 USA

Tel: +1 434 939 6002 / Fax: +1 434 939 6030

connecting women worldwide

International Women’s Insolvency and Restructuring Confederation

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From the Chair

Beth E. Hansen, UTC Aerospace Systems, IWIRC Chair

Guten tag, Ciao, 今日は, Begroeting, 你好!, Bonjour, हेलो, Halló, Hola, Konnichiwa, Selamat Pagi, Nǐ hǎo, Grüezi, Hallå! Namaste, Néih hóu, Hello!

What a wonderful array of greetings that represent the myriad of members that now make up IWIRC! Spring has definitely sprung in the Northern Hemisphere and with it (regardless of your hemisphere) new opportunities emerge in our industry as the market improves. More importantly, however, are the new opportunities arising for each and every one of our members to expand and enhance their practice. I continue to hear stories from members that have reached out across countries and oceans for help from fellow members, consistently being met with warmth and assistance. As our practice areas continue to grow and expand, it becomes readily apparent that our world is a lot smaller and more connected than we realize. How fortunate are we to have a network so broad that it literally spans the globe?

Much like the gardens many of us are readying to plant this season, our business relationships also need tending and cultivation to ensure strong, healthy growth. Please take some time to reach out to your fellow members, especially beyond your traditional geography - your lives (and networks) will only be the better for it!

I hope to see many of you at the upcoming Spring Meeting in Washington DC; and I am also looking forward to attending several programming opportunities in Milan, Tokyo and Lisbon, as well as the Leadership Summit in Toronto. I am overwhelmed by the dedication and success of our networks, their founders, their leaders and members and look forward to meeting as many of you as possible in the ensuing months!

Best regards,

Beth

The International Women's Insolvency and Restructuring Confederation

E-Newsletter

Volume 22, Number 1

March 2016

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TABLE OF CONTENTS

IWIRC's 13th Annual Spring Meeting.........2

Network Corner........2

Cross-Border Case Study........................4

U.S. Case Study.........8

Secured Creditors Beware...................12

Network Happenings............14

Member News........20

Upcoming Network Activities................21

Welcome IWIRC New Members................23

SPONSORS

Thank you to all of our 2016 sponsors for their support of IWIRC! For a complete list of sponsors, please click here.

Beth Hansen

IWIRC Chair

UTC Aerospace Systems

Lauren Friend McKelvey

IWIRC Newsletter Director

Odin, Feldman & Pittleman, PC