News overview

IOH update 3: Reports I and II

We are pleased to announce that we expanded the Review and Advisory group of the IOH-project with professor Rimvydas Norkus (Lithuania), Augustin Bou esq. (Spain), Giorgio Bovenzi esq. (USA, an expert on ethics), Emil Szczepanik (Poland) and Antonio Leandro (Italy). With their assistance we are able to cover more jurisdictions. Moreover we will be able to draft Principles and Best Practices for Insolvency Office Holders that will find broader support.

In September 2013 Report I has been submitted to the INSOL Europe Executive and it is considered final now. For Report II of the INSOL Europe IOH-project, we recently finalized detailed studies of the IOH position in 10 European countries. Presently we are drafting Report II, which analyses where Principles and Best Practices may have an effect on IOH collaboration. This report will be sent to the Review and Advisory Group in January 2014 for comment, and in February to the INSOL Europe Executive. The draft Principles and Best Practices will be available in March in their first non-public version.

Dr. Bernard Santen was present at the annual meeting of INSOLAD, the Dutch association of insolvency practitioners. This association unites around 50% of all Dutch IOHs, including most partners of big law firms. This year the theme of the conference was ‘communication’. Also on a national level, the importance of communication and transparency is gradually acknowledged. After years of ‘internal development and assurance’ of the IOH profession, the step to serious improvement of transparency and communication with the outside stakeholders is an important step towards a mature professional organization.

We were able to expand the Leiden International Insolvency and Rescue Team with an honours class Bachelor student, Renee van Hoof. Renee currently prepares a study on the meaning of ‘conflict of interests’. This is a widely used but rather abstract term, which the Team tries to bring down to an easier applied and more specific assessment of the relevant circumstances.