08:45 – 09:00 Registration and Arrival Coffee
09:00 – 09:10 Address by, H.E Hani R. Al Hamli, Secretary General Dubai Economic Council
09:10-09:20 Presentation by, Mr. Abdulla Mohammed Al Awar, CEO of Dubai Islamic Economy Development Centre-TBC
09:25 – 09:35 Corporate Restructuring and Governance, Dr. Ashraf Gamal, CEO Hawkamah 09:35 – 10:30 Case study : Family Business Restructuring
H.E. Mohammed Abdul Rahim Al Fahim, CEO, Paris Gallery LLC
10:30 – 10:50 Q & A
10:50 – 11:10 Coffee Break
11:10 – 12:30 Insolvency and Re-Structuring Developments Regionally and Internationally ￭ Key legislative reform in Europe
￭ Restructurings in Islamic finance
￭ Developments in sovereign debt restructurings ￭ Proposed new reorganization procedure in Tunisia
￭ Proposed new pre-insolvency procedure being discussed in Lebanon ￭ Out-of-Court principles in Jordan
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AWKAMAH
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UDICIAL
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F
INANCIAL
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OLLOQUIUM
An Initiative of the Forum for Insolvency Reforms in MENA (FIRM)In partnership with
BUSINESS RESTRUCTURING AND RECOVERY Monday March 30, 2015 at the DIFC Conference Centre, Dubai
￭ Recent reform in Kuwait on Secured transactions and Insolvency procedures
Speakers:
Adam Harris, Vice-President INSOL International- Moderator
Fernando Dancausa, Financial Sector Specialist, The World Bank Group Adam Plainer, Head of Restructuring Practice, London, Weil Gotshal & Manges 12:30 – 13:00 Q & A
13:00 – 14:00 Lunch & Networking
14:00 –15:00 Mock Scheme of Arrangement Sanction English High Court Hearing in relation to Companies based in the Middle East
Judge Justice Alastair Norris,High Court of Justice of England and Wales Attorney: Elaine Nolan , Partner Kirkland and Ellis LLP
Following the sanction of a Scheme of Arrangement of Global Investment House KSC (c), incorporated in Kuwait, the hearing is designed to provide an overview of how an English law restructuring tool was used to affect the terms of a restructuring over companies based in the Middle East, with limited connection to England.
15:00 – 15:30 Q & A
15:30 – 16:00 FIRM Members Closing remarks: Dr. Ashraf Gamal, CEO Hawkamah
Adam Harris, Vice-President INSOL International-
Biography
Hani R. Al Hamli Secretary General Dubai Economic Council
H.E. Hani Rashid Al Hamli is the Secretary General of the Dubai Economic Council (DEC) since 2006. Prior to his service at DEC, he held a number of senior positions in various government and private entities in Dubai such as the Executive Council Dubai, Dubai Chamber of Commerce and Industry, Investment & Development Authority, and Emirates Bank Group. Under his management of the DEC Secretariat, Mr. Al Hamli established the Dubai Competitiveness Center. He also
initiated the “clusters development” and “macroeconomic modelling” for Dubai’s economy. Moreover, Al
Hamli has established the Economic Policy & Research Center and the Legal Affairs & Research Center that form together the think tank of the Council. Most recently, Al Hamli created “Driving Innovation
Spirit for Dubai” initiative in partnership with Royal Philips aimed at enhancing the concept of innovation in the U.A.E. Al Hamli is a Member of Board of Directors of Oman Insurance Company, Kuwait Center for Knowledge Economy and The Competitiveness Institute-Finland. Mr. Al Hamli holds a Degree in business administration, Higher Colleges of Technology, (UAE). He has been also trained in several reputable international colleges and institutes: LSE (UK),IMD (Switzerland), Harvard (USA), INSEAD (France), Dubai School of Government (UAE).
Dr. Ashraf Gamal El Din Chief Executive Officer
Hawkamah Institute for Corporate Governance
Dr. Ashraf Gamal El Din is the Chief Executive Officer of Hawkamah, the Institute for Corporate Governance. Prior to joining Hawkamah, Dr. Ashraf was the Executive Chairman of Egypt Post. Before that, he was the Deputy Executive Director of the Egyptian Banking Institute, the training arm of the Central Bank of Egypt. He was also the founder and Project Manager of the Egyptian Corporate Responsibility Center working on promoting the concepts and application of CSR
in Egypt. Furthermore, he was the Executive Director of the Egyptian Institute of Directors (EIoD), the Institute of Corporate Governance in Egypt and the Arab Region Dr Ashraf served as a board member and head of the Audit Committee in a number of listed, non-listed, State Owned and family owned companies. He also served a member of the General Assembly of the Holding Company for Transportation.
Furthermore, Dr. Ashraf is an Associate Professor of Management, Faculty of Commerce, Cairo University
and holds a PhD degree from Manchester University, UK, and a Master’s degree in Public Administration
from Carleton University, Canada. He further holds a Bachelor degree in Business Administration from Cairo University with highest honor. Dr. Ashraf worked as head of Business Administration Department at Nile University for Graduate Studied, affiliated with the Ministry of Communication & Information Technology. Since 1997, he taught a large number of management and business courses in Egypt, the US, and the Gulf Area.
Biography
Mohammed Abdul Rahim Al Fahim Chief Executive Officer
Paris Gallery Group
Mohammed Abdul Rahim Al Fahim, the CEO of the Paris Gallery Group of Companies, is a member of the Al Fahim family, the founders and owners of Paris Gallery Group of Companies that now operates a network of retails stores and distribution channels throughout the UAE and GCC countries. He played an active
role in developing the Group’s overall strategic plans in KSA, helping it take its
first steps into the luxury retail sector. He was instrumental in restructuring the
management and rewriting company policies resulting in high employee satisfaction levels.
Since his appointment as the Group CEO in 2006, Mohammed Abdul Rahim Al Fahim has successfully brought about important, far-reaching reforms in the organization. The company, under his leadership, took the plunge into corporate governance. It resulted in changed policies, structure and processes. Mr. Al Fahim advocates corporate governance, which according to him is governance that promotes innovation, supports creative thinking, and nurtures the creative spirit of the employee.
Adam Simon Harris Director
Bowman Gilfillan Inc.
Adam Harris is a Director of Bowman Gilfillan and specialises in insolvency, business restructuring and related fields. He is a Director of INSOL and a member of the INSOL Executive Committee.
Adam represents lenders and creditors and other institutions such as professional indemnity insurers, as well as business rescue and insolvency practitioners in various aspects relating to the winding-up and restructuring of companies and the
administration of insolvent estates. Adam has attended to some of the leading cases on different aspects of winding-up, insolvency and business restructuring such as the constitutionality of interrogations, impeachable transactions, procedural aspects of liquidation applications, the interpretation of the
Business Rescue legislation and insolvency practitioners’ remuneration. He is one of the co-authors of
Biography
Fernando Dancausa Financial Sector Specialist The World Bank Group
Fernando works on the Debt Resolution and Insolvency team at the World Bank Group, which delivers technical assistance to governments on insolvency and alternative dispute resolution reforms. Fernando joined the World Bank Group in 2011, and is part of the global Credit infrastructure team at the Finance & Markets Global Practice, sitting in Istanbul. Prior to joining the World Bank Group, he spent 6 years working as a lawyer in private practice at the law firm Cuatrecasas, Goncalves Pereira in Madrid and London, primarily working on Corporate and
Insolvency matters. During his time in private practice, he participated in a wide range of corporate transactions and restructurings, including out of court workouts, sale of businesses as a going concern and judicial reorganizations.
He is a graduate of Universidad Pontificia Comillas (Madrid), where he received a law degree and a business degree. He also holds a LL.M. degree in International Business and Economic Law from Georgetown University Law Center (Washington DC).
Adam Plainer
Head of Restructuring Practice Weil Gotshal & Manges, London
Adam has significant experience representing leading accounting firms and restructuring practices on workouts and restructurings, as well as UK clearing banks, US investment banks, hedge funds, private equity firms, and boards of directors in major corporate restructurings. He is currently leading the team advising KPMG as joint administrators in the ground-breaking case of MF Global
UK's special administration, which was awarded “Restructuring Team of the Year”
twice in 2014 at the Legal Business Awards and The Lawyer Awards. Adam also has
extensive experience in distressed M&A. Adam's work is consistently recognised in leading industry directories, including Chambers, IFLR 1000, Euromoney's Guide to the World's Leading Insolvency and Restructuring Lawyers, and Legal Experts. Adam is President of the Turnaround Management Association
(TMA) UK and a council member of the Insolvency Lawyers’ Association (ILA). Adam is ranked in Band 1
in Chambers UK 2015 for Restructuring. He is also recommended in Legal 500 UK 2014, named a
“Leading Lawyer” by IFLR 1000 UK 2015, and has been selected to the 2014 London Super Lawyers list
Justice Alastair Norris Judge
H.M. High Court of Justice of England and Wales (Chancery Division), UK
After reading law at St John’s College Cambridge Alastair was called to the Bar by Lincoln’s Inn (of which he is now a Bencher). He practised as a Chancery barrister (being appointed a QC in 1997) specialising in property, trusts and professional negligence. He was appointed the specialist Chancery judge at
Birmingham in 2001 where he dealt with a full range of insolvency matters (including the administration of the MG Rover Group and the restructuring of many manufacturing enterprises connected with the motor industry). He was appointed a High Court judge in 2007 and now sits in the Royal Courts of Justice in London. He has previously supported INSOL events and addressed conferences at Abuja, Dehli, Singapore, BVI, Cape Town, Montreal and The Hague. His is currently Chairman of the Advisory Board of The Centre for Business and Insolvency Law at Nottingham Law School.
Elaine Nolan Partner
Kirkland & Ellis
Elaine Nolan is a restructuring partner in the London office of Kirkland & Ellis. Elaine advises strategic investors, sponsors, insolvency practitioners, turnaround managers, directors, debtors and creditors in all forms of national and international financial restructurings and insolvencies. Some of Elaine's significant company-side representations have included acting for Tele Columbus, ATU, Monier Group, European Directories, Fitness First, Regency Entertainment.
Elaine also regularly advises investors, creditors, leading investment banks, hedge funds and private equity houses in relation to their diligence and review of European investment opportunities in par, stressed and distressed transactions. Elaine received her LL.B. from the University of Leeds, her LL.M. from University College London, University of London and her LPC from College of Law, London: Bloomsbury Centre.
