The G .R. O. is a non-profit Association, limited-membership organization dedicated to advancing and promoting insolvency as a respected discipline in the international field. Its primary purpose is to promote the study and discussion on the topics of corporate crises and restructuring processes by different international actors of the value chain: banks, entrepreneurs, academics, Authorities, managers, judges, advisory firm, law firm, universities.
The G.R.O’s membership is drawn from the most senior and respected insolvency practitioners, judges and academics in the world.
Mission of the G.R.O.
► To foster the research and discussion regarding the main topics related to business crisis, restructuring processes and the role of the several players involved in the value chain: Banks, Judges, Entrepreneurs and Managers, Practitioners, Advisory Firms, Law firms, Universities, etc.
► To compare the restructuring legal options and best practices adopted in other countries in order to implement innovative and feasible solutions, allowing business leaders facing distressed situations to preserve the going-concern and create value
► To promote international co-operation and co-ordination in insolvencies and reorganizations through improvements in the law and in legal procedures
► To elaborate innovative insights to be discussed with authorities and policy makers, in order to facilitate the introduction of rules and standards for the management of insolvency situations
The G.RO projects and activities focus on the following goals and objectives (among other):
► To encourage the research, debate and interaction among the different local and international players on specific issues related to distressed situations and business insolvency
► To provide a forum for leading judges, academics, lawyers, accountants and financial regulatory professionals to share experiences with a view to improving international lending and credit and creditors’ remedies
► To organize an yearly International Conference, meant to become the “Restructuring Davos”, to debate the results of the research, studies and discussions conducted throughout the year.
To elaborate research papers addressed to the institutional and regulatory bodies, international associations, and all the professionals involved in the restructuring processes and business crisis management.