Hristina Kirilova at the INSOL Europe Annual Congress
In October 2017, the INSOL Europe Annual Congress was held in Warsaw, Poland. The focus this year was on “Preventive Restructuring: Sunset on Insolvency?”, one of the most pressing current issues. Indeed, a Proposal for a Directive on preventive restructuring frameworks, second chance and measures to increase the efficiency of restructuring, insolvency and discharge procedures and amending Directive 2012/30/EU was published on 22 November 2016 by the EU Commission. INSOL Europe has taken up the role as torchbearer in this field since 2010. The practical implications of this preventive restructuring directive were discussed as well as the challenges in the businesses of today. KP's Insolvency and Restructuring partner Hristina Kirilova, together with over 400 delegates, participated and were joined this year by a Congress Moderator, Sally Bundock.