Consult and download the reports of Second Annual GRO Conference Modena, Italy October 2014.
By Joseph Checkler
October 23, 2014
International treaties take years to complete as it is, so imagine the complexities at play in a hypothetical international insolvency treaty. But at least people are starting to talk about it.
On Friday, at the International Global Restructuring Organization’s annual conference in Modena, Italy, Chief New York Bankruptcy Judge Cecelia Morris will speak about the bankruptcy of the city of Detroit, insolvency risk in Puerto Rico and the ongoing problems in Argentina. Judge Morris told Bankruptcy Beat that while formal international insolvency agreements related to sovereign states may be a few years off, getting the restructuring experts in the same room as the financial players is a huge part of moving closer.
“Financial people want to know that they’re protected,” Judge Morris said.
October 23, 2014
Chief Judge Morris Scheduled to Address GRO
U.S. Bankruptcy Court Chief Judge Cecelia G. Morris will address the Global Restructuring Organization (GRO) Association’s annual Global Restructuring Conference in Modena, Italy about the need for an international framework for sovereign insolvency situations. This year’s conference will focus on growth and investments. Chief Judge Morris’ presentation, entitled “The Detroit Default, the Risk of Insolvency in Puerto Rico and the Argentinean Issue, addresses implications for investors and governments. Chief Judge Morris is one of the founders of GRO, a European restructuring industry group that aims to start a global conversation about how to deal with sovereign debt. Kevyn Orr, Emergency Manager of the City of Detroit and former Jones Day Partner, will also speak. The GRO’s mission is to foster research and discussion of the main topics related to business growth and development, 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. The organization also strives to compare legal options and best practices adopted in other countries.
The event on 24 October will be followed in streaming at
http://80.82.0.82/modena/
By William Rochelle
Bloomberg, October 20, 2014
Shortcomings in laws covering government bankruptcies were the topic of speeches given by two bankruptcy judges thousands of miles apart.
Chief U.S. Bankruptcy Judge Cecelia G. Morris from New York will speak this week in Modena, Italy, at the annual conference of the Global Restructuring Organization while Chief Bankruptcy Judge Thomas B. Bennett from Birmingham, Alabama, addressed the Campbell Law Review Symposium in Raleigh, North Carolina, last week. Bennett has first-hand experience from presiding over the Chapter 9 debt restructuring by Jefferson County, Alabama, the largest municipal bankruptcy before Detroit’s. Continue reading
By Nick Brown
Bankruptcy & Restructuring Correspondent, Reuters
REUTERS October 14 2014
Thomson Reuters
(Reuters) – Imagine a global authority, akin to the World Bank, overseeing an internationally recognized restructuring process
for sovereign debtors that looks to reproduce the experience of Detroit and avoid the pain suffered by Argentina.
That’s the vision of the Global Restructuring Organization (GRO), a European restructuring industry group that aims to start a
global conversation about how to deal with sovereign debt, according to Bankruptcy Judge Cecelia Morris, one of the group’s
founders. Continue reading
Investment and growth: a face-to-face discussion with key players
Modena, 24th October 2014
Camera di Commercio, via Ganaceto 134 (Sala Leonelli)
The Global Restructuring Organization “ 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.
G.R.O. Global Restructuring Organization
Association for the study of corporate distress and restructuring processes
First International G.R.O.
Annual Conference 2013
Restructuring distressed businesses: success factors from an American and European perspective
11 October 2013
Modena Chamber of Commerce
Down load PDF: FIRST INTERNATIONAL G.R.O.