This topical seminar of the NCMF will cover the new legal frameworks based on the directive issued in 2019 on the preventive restructuring frameworks ((EU) 2019/1023 (‘Directive’) from the capital markets’ perspective. At the seminar we will discuss restructuring in the debt capital market including a legal overview of the restructuring tools and regimes in the different Nordic jurisdictions both from the perspective of the bond holders and investors. Case studies of recent restructurings will also be presented. The seminar will be concluded by an expert panel discussion.
Confirmed speakers include:
- Jenni Tuomaala, Executive Director and Head of DCM Origination Finland, Danske Bank
- Matti Engelberg, LL.D, Engelberg & Co.
- Jyrki Tähtinen, Senior partner, Borenius Attorneys Ltd.
- Nils Holger Koefoed, Partner, Ro Sommernes Law firm
- Markus Tervonen, Senior Advisor, Ministry of Justice Finland
- Anton Alsö, Corporate Finance, Arctic Securities
- Salla Suominen, Partner, Avance Attorneys Ltd
This seminar will take place on Thursday 13 October 2022 and will be held as a hybrid event. The Seminar will start at 1:30 pm EEST and finish at 5 pm EEST, followed by a networking reception. Registration starts at 1 pm EEST.
| 13.00 | REGISTRATION |
| 13.30 | WELCOMING REMARKS NCMF and Borenius Attorneys Ltd. |
| 13.35 | STATUS AND OUTLOOK FOR THE NORDIC CORPORATE BOND MARKET Jenni Tuomaala, Executive Director and Head of DCM Origination Finland, Danske Bank |
| 14.05 | PREVENTING RESTRUCTURING, DEBT-TO-EQUITY CONVERSION AND RELATED NEW NORDIC LEGAL FRAMEWORKS – BENEFITS TO CAPITAL MARKETS? Matti Engelberg, LL.D, Engelberg & Co. |
| 14.35 | LESSONS LEARNT FROM CASE STOCKMANN AND CASE SRV Jyrki Tähtinen, Senior partner, Borenius Attorneys Ltd. |
| 15.10 | COFFEE BREAK |
| 15.25 | TEMPORARY LEGISLATION ON RECONSTRUCTION TO REMEDY FINANCIAL PROBLEMS AS A RESULT OF THE ERUPTION OF COVID -19 IN NORWAY: NORWEGIAN AIR SHUTTLE ASA – RECONSTRUCTION ACCORDING TO THE TEMPORARY LEGISLATION Nils Holger Koefoed, Partner, Ro Sommernes Law firm |
| 15.55 | THE SWEDISH REORGANIZATION ACT – NEW TOOLS FOR DEBTORS, CREDITORS AND ADMINISTRATORS Mikael Kubu, Bankruptcy Trustee and Company Reorganization Administrator, Ackordscentralen Stockholm |
| 16.15 | PANEL DISCUSSION – BEST NORDIC PRACTICES ON DEBT-TO-EQUITY SWAPS Markus Tervonen, Senior Advisor, Ministry of Justice Finland Anton Alsö, Corporate Finance, Arctic Securities Nils Holger Koefoed, Partner, Ro Sommernes Law firm Jyrki Tähtinen, Senior partner, Borenius Attorneys Ltd Moderator: Salla Suominen, Partner, Avance Attorneys Ltd |
| 17.00 | NETWORKING |