Turnaround, Rescue & Insolvency Leiden (TRI Leiden) is a team consisting of legal and business scholars and master students from the Leiden Law School (Leiden University). It is directed by professor Jan Adriaanse and Dr. Jean-Pierre van der Rest. Professor Bob Wessels is a consultant to TRI Leiden.
We study and bring into practice turnaround management, business rescue and insolvency law. With our international and multidisciplinary perspective we aim to promote both efficient and effective business rescue and insolvency proceedings, and to enhance trust in the market. Presently we work on projects commissioned by the European Commission, INSOL Europe and ELI (European Law Institute) as well as various other projects with an international scope. These projects are:
- Business Rescue Project
- EU JudgeCo Platform
- Insolvency Office Holders Project
- Insolvency Protocols Project
- Second Chance Project
- Turnaround Wing Project
The TRI Leiden Research Team
Insolvency and Restructuring Glossary 2016
Entering in the legal area of restructuring in the EU, new legal terms will become part of our jargon. Cram-down, stay, restructuring and moratorium are just a few of them. This ‘Glossary of Terms and Descriptions in Insolvency’, has formed an Appendix, published in the Global Principles for Cooperation in International Cases (‘Global Principles’), drafted by prof. Ian Fletcher and myself, which were published in June 2012 by the American Law Institute (ALI) and International Insolvency Institute (III). Additions to this Glossary have been added in May 2016.
Investigating Bankruptcies in the Belgian Hospitality Industry
Researchers Strohmaier and Darouei investigate bankruptcies in the Belgian Hospitality Industry
The two newly recruited doctoral researchers at the Department of Business Studies, Maral Darouei MSc and Niek Strohmaier MSc, have recently finalized an externally funded project for the research center of Tourism and Hospitalty of Belgium. As such, they conducted a brief literature review to identify possible causes of bankruptcies of hospitality businesses in Belgium. These companies are believed to have a relatively higher risk of failure with respect to businesses in other industries in Belgium. The research project was supervised by Dr. Jean-Pierre van der Rest and Prof. Jan Adriaanse.