INSOL InternationalAnnual Regional Conference22nd – 24th March 2015San Francisco, USA

INSOL San Francisco

Sponsored by:

1

Conference Chairs’ Welcome

INSOL is delighted to be holding its 2015 Annual Americas Conference in one of the most beautiful cities inthe World - San Francisco, USA. The conference will bring together INSOL members from across the globe inorder to meet, discuss and learn in the company of other prominent members within the profession.In a period when the pace of change continues to accelerate within the increasingly global world ofrestructuring and insolvency practice, there can be no better way to remain well-informed about currentthinking, developments and opportunities than through interaction with your peers and other experts fromacross the sector. Breakouts, plenary sessions and informal discussions will cover a wide range of up to theminute educational issues.We are confident that INSOL San Francisco will exceed all expectations, not only through the quality of itsinternational educational program but also in our choice of venue.Our conference hotel The Fairmont on Nob Hill is a key point on the transport system enabling you to getaround San Francisco easily using the cable car system. You can hop on a cable car to Fisherman’s Wharfwhere there are many superb restaurants and you can get the boat over to Alcatraz. We do advise you tobook your tickets to Alcatraz in advance as this is a popular tourist attraction. Another must see is the iconicGolden Gate Bridge! There are many museums and great distinct districts of San Francisco to visit. For thoseof you who are lovers of fine wine take time to drive out to Napa Valley and Sonoma and take a tour of someof our great vineyards. Drive the Big Sur and enjoy the spectacular views along the coast and visit RandolphHearst’s Castle - San Simeon, another great venue to experience. So make sure you have a few days extra toenjoy this beautiful venue and its surrounding countryside.Delegate places are limited, so book now to reserve your place and hotel accommodation.We would like to thank our main sponsors BMC Group, Borelli Walsh, Hilco Global and Skadden, Arps,Slate, Meagher & Flom LLP for supporting the conference.We look forward to welcoming you to San Francisco.

Michael Reilly Jay GoffmanBingham McCutchen LLP Skadden, Arps, Slate, Meagher & Flom LLPConference Co-Chair Conference Co-Chair

Contents

Sponsors and INSOL International Group of Thirty-Six 2Ancillary Meeting Program 3Conference Educational Program 4-8Registration Information 9Registration Form 10-11INSOL App 12Continuing Professional Education and Committees 13General Information – Including Hotel Reservations 14Member Associations 15

Conference Registrations Conference Manager Hotel BookingsHeather Callow Tina McGorman Global ReservationsINSOL International INSOL International The Fairmont San Francisco6-7 Queen Street 6-7 Queen Street 950 Mason StreetLondon, EC4N 1SP London, EC4N 1SP San Francisco UK UK California, United States 94108Tel: +44 (0) 20 7248 3333 Tel: +44 (0) 20 7248 3333 Toll Free: +1 (800) 257 7544Fax: +44 (0) 20 7248 3384 Fax: +44 (0) 20 7248 3384 Tel: +1 (415) 772 5000 Fax: +1 (415) 772 5013Email: heather@insol.ision.co.uk Email: tina@insol.ision.co.uk Email: SAF.Reservations@Fairmont.com

Welcome Reception and Dinner Sponsor:

Breakfast Sponsors:

Coffee Break Sponsor:

Lunch Sponsors:

Gala Reception and Dinner Sponsor:

INSOL App Sponsor:

Corporate Sponsor:

2

AlixPartners LLPAllen & Overy LLPAlvarez & Marsal LLCBaker & McKenzie LLPBDO LLPBegbies TraynorBingham McCutchen LLPCadwalader Wickersham & Taft LLPChadbourne & Parke LLPClayton UtzCleary Gottlieb Steen & Hamilton LLPClifford ChanceDavis Polk & Wardwell LLP

De Brauw Blackstone WestbroekDeloitte LLPDLA PiperEYFerrier HodgsonFreshfields Bruckhaus DeringerGoodmans LLPGrant ThorntonGreenberg Traurig LLP Hogan LovellsHuron Consulting GroupJones DayKaye Scholer LLPKirkland & Ellis LLP

KPMG LLPLinklaters LLPNorton Rose FulbrightPepper Hamilton LLPPPB AdvisoryPwCRajah & Tann LLPRBSRSMShearman & Sterling LLPSkadden, Arps, Slate, Meagher & Flom LLPWeil, Gotshal & Manges LLPWhite & Case LLPZolfo Cooper LLP

The Group of Thirty-Six features some of the most prominent and influential firms within the insolvency andturnaround profession. The aim of the Group of Thirty-Six is to work with INSOL to develop best practiceguidelines and develop legislation to enhance the ability of practitioners globally to save businessesthroughout the world.

Sponsors

INSOL International would like to thank the following sponsors for their generous support of INSOL San Francisco.

Main Sponsors:

MADISONPACIFICTRUST

Sponsorship opportunities are available for this conference. Please contact claireb@insol.ision.co.ukfor more details.

3

Ancillary Meeting Program

The ancillary programs are scheduled to take place on Saturday 21 March and Sunday 22 March 2015. The ancillary meetings are not included in the conference registration fee. Each meeting is individuallypriced. The ancillary programs may be subject to change.

INSOL Academics’ Colloquium Saturday 21 March and Sunday 22 March 20158.00am – 9.00am Delegate Registration and Continental Breakfast9.00am – 5.00pm Open meetingThe INSOL Academics’ Group and the Colloquium is chaired by Professor Ian Fletcher, of UniversityCollege London. The Colloquium is open to observers/practitioners who would like to register to attend.The Group is highly interactive and will discuss and debate the individual papers presented by some of theworld’s leading professors. This gives delegates an opportunity to hear the latest cutting edge theoriesfrom the academic world. A detailed program will be made available on the INSOL website. You can take a look at the papers presented at INSOL Hong Kong on our website www.insol.org/page/394/academics-colloquium-final-folder to get an insight into the specialist subject areas that are discussed. If you areinterested in taking part in this program please get in touch with Tina McGorman at tina@insol.ision.co.uk

Eleventh INSOL/UNCITRAL/World Bank Judicial ColloquiumSaturday 21 March and Sunday 22 March 20158.00am – 9.00am Delegate Registration and Continental Breakfast9.00am – 5.00pm Closed meeting

Since 1995, INSOL International and UNCITRAL have jointly sponsored a series of unique and importantinternational Judicial Colloquiums. This is the fifth time The World Bank has joined with INSOL Internationaland UNCITRAL to present the Eleventh Joint Multinational Judicial Colloquium on Insolvency.These Colloquiums have brought together judges, regulators and judicial officials from around the world to consider a wide range of insolvency-related issues. These issues have included judicial co-operation in cases of cross-border insolvency, access to courts by insolvency practitioners and recognition ofinsolvency administrations by foreign courts.The Eleventh Joint Multinational Colloquium has an extremely important agenda. With the growth of cross-border trade, the number of insolvency cases where there are assets in more than one jurisdiction, orwhere there are cross-border groups will inevitably increase. The Colloquium will assist participants tounderstand the developments in the handling of such cases. It will compare the judicial and juridicalpractice in dealing with practical and theoretical issues arising in cross-border insolvency cases in anumber of jurisdictions representing all major legal systems.The Colloquium is a closed meeting, open only to Judges, civil servants from relevant Ministries and judicialadministrators. For further information please contact Penny Robertson at pennyr@insol.ision.co.uk

INSOL Fellowship Reception – Saturday 21March 2015. 6.30pm – 8.30pm – By invitation only.

Small Practice Issues Meeting4.00pm – 5.30pm, Sunday 22 March 2015The INSOL International Small Practice Committee under the chairmanship of Hans Klopper annually holdsan open meeting for small practitioners attending the conference on Sunday 22 March at 4.00pm-5.30pmin order that everyone can meet prior to the start of the conference to facilitate networking. If you wouldlike to attend the open committee meeting please let us know and an agenda for the meeting will be sentto you. A dinner is being arranged on Monday 23 March which is the free evening for any small practitionerand their accompanying person to attend. There is an additional cost to attend this dinner and you wouldneed to register to attend when you register for the conference.The intent of the committee: The committee will canvas the views of small practitioners to establish how the association can answertheir needs. • It will consider matters of particular concern to small practices in different jurisdictions• It will carry out research into the areas of concern and establish how the problems are handled in different jurisdictions

• It will make available the results of such research to the members of INSOL International.

4

Conference Educational Program

Main Sponsors:

Sunday 22 March 2015

12.00pm – 8.00pm Delegate Registration

7.00pm – 10.00pm Welcome Reception & DinnerSponsored by BDO LLPFor delegates and registered accompanying persons

Monday 23 March 2015

7.00am – 4.00pm Delegate Registration

7.45am – 8.45am Welcome Continental BreakfastRestructuring transactions involving the Regulator:How to get the deal done when the government is involvedBreakfast Panel Sponsored by American Bankruptcy Institute

9.00am – 9.30am Conference Welcome & Opening Remarks

9.30am – 10.30am Keynote SpeakerPlenary Session

10.30am – 10.45am Delegate Discussion

10.45am – 11.15am Networking Coffee BreakSponsored by RSM

11.15am – 12.15pm Breakout Sessions

A1 Detroit, Stockton and US municipal bankruptcies

Who ever would have thought that a major American city could file for bankruptcy?This exclusive interview will examine issues of municipal bankruptcy with KevynOrr, the [former] Emergency Manager of the City of Detroit.What effect have Detroit, Stockton and other Chapter 9 bankruptcies had on citiesstruggling with debt? How are these cases likely to impact the municipal bondmarkets and the role of bond insurers? What is the future of municipal pensions?How are residents, employees and other creditors affected? Practitioners will gainunique insights into these and other municipal bankruptcy topics.

A2 Tell me a secret: investigations and information exchange in cross-border insolvencies

“Show me the money!”In a world where knowledge is power, information is liberating, and money movesacross borders at the press of a button, this panel will discuss how to find assetsand identify claims before assets disappear. How can we find hidden treasuresand evasive debtors? How can we penetrate offshore financial centres? And are “secrecy havens” still secret? How can we maximise returns to creditors in a cost-efficient manner? The panel will identify practical tools for investigation and technical tactics forfollowing assets around the globe. They will look at tools for conducting thearchaeological dig through the remains of insolvent cross-border companies. In an interactive session, the speakers will discuss the frustrations andsuccesses of cross-border insolvencies. Come with us on a journey down the information superhighway.

5

Main Sponsors:

A3 Intellectual property - ownership, licenses, enforcement and sales

In recent years, as the high-tech markets have grown and companies in distresshave looked for innovative ways to realise value from their intangible assets, newopportunities have opened up for the purchase and licensing of intellectualproperty in connection with creditor protection proceedings. Around the world,differing insolvency laws create unique opportunities for debtors to sell andprotect their own intellectual property and, possibly, to shed unwanted IPlicenses they entered into in better times.It is important for practitioners to understand the potential consequences of an insolvency proceeding on the rights of owners, licensors and licensees ofintellectual property. The panelists in this session will compare and contrast thediffering treatment of intellectual property, particularly trademarks and patents, in various countries and the competing policies that guide these distinctions. In addition, the session will focus on opportunities for preserving and realisingvalue from the sale or retention of intellectual property by a company that isreorganising or disposing of its businesses.

12.15pm – 12.30pm Delegate Discussion

12.30pm – 2.00pm Networking LunchSponsored by hww wienberg wilhelm

2.00pm – 3.00pm Breakout Sessions

B1 Tax havens: the future of transparency in the offshore banking andincorporation sectors

Offshore financial centres are very much in the news these days, but not alwaysfavourably. Both the press and the public consistently conflate the issuessurrounding offshore financial centres by labeling all offshore financial centres as“tax havens”, a term with negative connotations. A clear distinction needs to bemade between the different types of offshore financial centres, as some are taxhavens, notably the tax treaty jurisdictions and the secrecy jurisdictions, whileothers are not, such as the neutrality jurisdictions. Transparency is the objectiveof the neutrality jurisdictions, and it is not possible to have a proper debatewithout understanding these distinctions.Once this objective is understood, consideration needs to be given as to the best method to achieve transparency for the purposes of eliminating criminality,money laundering and tax evasion. Query whether FATCA as promulgated by the United States is the most effective method to achieve these objectives, orwhether the FATF 40 Recommendations (as supported by the G20 and OECD)are the most effective method to achieve these objectives. Is it cost effective to have both methodologies?This session will explore these issues to allow the audience to reach their ownconclusions.

B2 The corporate group restructuring / insolvency, 2015 edition

The 2015 corporate group is global. It may have headquarters in country A but its subsidiaries, even some of its divisions, are in jurisdictions B, C and D andeven L, M and N. What happens when financial difficulties strike? Do the insolvency laws of allthese different jurisdictions need to be factored into strategic thinking by thoseplotting a route to the financial ‘sunny uplands’ for the group? Or is there a wayto utilise just one set of laws and courts and hence avoid multi-jurisdictionalcomplexity? Or is this thinking just a solution in search of a problem?In answering these questions, the panel will look at (a) the existing “specialcases” – substantive consolidation, piercing the corporate veil, multi-companyconsolidating schemes, (b) ways of making different laws and courts work bettertogether – co-ordination of courts and practitioners through the UNCITRALModel Law provisions and best practice guidelines, the EC Regulationrequirements and the potential new EU provisions for “Group Co-ordinators”,

6

Main Sponsors:

(c) searches for a global solution – UNCITRAL and EU thinking or just using theperceived might of Chapter 11, and finally (d) whether there is actually a realproblem which requires to be solved. The panel will reach conclusions helped by drawing on experiences from globalcollapses such as Federal-Mogul/T&N, MG Rover, Lehman, Nortel and many more.

B3 The independent director: private portfolio and public companies

With increasing regularity, independent directors have been called upon toprovide comfort in the context of corporate actions, especially transactionsamong affiliate portfolio companies. Similarly, when a company is troubled byfinancial problems, it often falls to the independent director to assess whetherprotection through an insolvency proceeding is appropriate and in the bestinterests of shareholders and creditors. An independent director can also becalled upon to make decisions for a company on inter company claims whenother members of the board sit on multiple affiliate boards.This session explores the differences in the roles between those traditionallydischarged by an independent director in public companies and those arising in entities controlled by private equity or hedge funds that comprise a group ofportfolio companies.

3.00pm – 3.15pm Delegate Discussion

3.15pm – 3.45pm Networking Coffee BreakSponsored by RSM

3.45pm – 4.45pm Breakout Sessions

C1 - The downfall of the Batista Empire

The meteoric rise of Brazilian natural resources, and logistics magnate Eike Batistaand his “X” empire in the last decade was only matched by its catastrophic bust in2013, after overly optimistic oil production estimates failed to materialise that led tothe collapse of oil exploration and extraction giant OGX, the group’s centrepiece.As complex financing structures involving assets, companies and investors inmultiple jurisdictions unravelled, the stage was set for a battle between localbanks, government development agencies, international bond investors and publicequity holders for the remains of the once high flying “X” empire, all the whileputting Brazilian bankruptcy courts and law to its greatest test ever.Using the downfall of the Batista Empire as a backdrop, the speakers will focuson issues facing creditors and professionals in large bankruptcy proceedings inBrazil. Key aspects of the Brazilian bankruptcy law, the role of the courts, theconflicts between local and foreign creditors and the political and social forcesthat influence the process will be part of the discussion in this interactive session.The speakers will also discuss the challenges in structuring bankruptcy remotefinancing using offshore financing companies and how these structures playedout in practice.

C2 Insolvency law reform in the EU – hello Chapter 11 or goodbye NY and London?

Cross-border restructurings in which companies “forum shop” to benefit frommore favourable insolvency laws abroad have become common place in Europe.This has created international competition between insolvency regimes withinEurope and urged European legislators to revamp their insolvency laws in orderto offer a more attractive restructuring environment. Several Member States haverecently reformed or are currently undertaking reviews of their national insolvencylaws. On 12 March 2014 the European Commission published recommendationson a new approach to business failure and insolvency, further prompting MemberStates to reform their national insolvency rules. On the other side of the AtlanticChapter 11 of the US Bankruptcy Code is currently also under review.Are legislators in Europe modelling reform on an outdated US system that the US itself is moving away from? Together with the participants the speakers willtry to identify the key elements that any modern restructuring law should feature.

7 6

Main Sponsors:

C3 The cultural imperative – the tension between cultural diversity and legaluniversalism

Cultural mores underlie each country's legal system. In the insolvency world, the personal and collective values and customs in a country foreign to you cangreatly affect the outcome of a restructuring deal or court process.Join our distinguished panel from different continents as they discuss howcultural differences affect distressed deals in their country or region. Somehighlights will be how cultural mores impact on a number of critical aspects of insolvencies, such as director risks and duties; eligibility for insolvencyproceedings; level of court involvement; creditor voice in proceedings; socialcosts; shareholder rights; and more. Join us for a lively and educational sessionexamining how our cultural differences affect our professional experiences.

4.45pm – 5.00pm Delegate Discussion

5.00pm Conference Close

Free Evening

Tuesday 24 March 2015

8.40am – 9.40am Welcome Continental BreakfastSponsored by DLA Piper

9.40am – 9.45am Welcome Back

9.45am – 10.45am Never again: bank resolution without bankrupting the customers or the country

In 2007 the era of apparently unlimited liquidity jammed up, heralding a bankliquidity crisis followed by a full-blown solvency crisis across the financial world. In some countries with disproportionately large banking sectors this mushroomedinto a sovereign debt crisis. The consequences are still with us today in abnormalmeasures such as QE and near-zero interest rates. The cry from around the globewas “Never again!” shortly followed by “And if it happens again, then not with our money!”By common consent there is no appetite around the world for taxpayers’ moneyto be spent bailing out banks – therefore techniques have evolved to redefinehow failed or failing financial institutions are dealt with. Dramatic new powers (thelatest being bail-in) have been invested in central banks, which fundamentallychange all previous conceptions of insolvency and property. The speakers fromaround the world will examine these changes. They will deal with the practicalaspects of resolution (where there is a necessarily high degree of similarityaround the world) and the wider political and social implications.

10.45am – 11.00am Delegate Discussion

11.00am – 11.30am Networking Coffee BreakSponsored by RSM

11.30am – 12.30pm All this and more: the hedge fund as buyer, seller, financier, owner and activist

The financial crisis resulted in dramatic changes to the restructuring landscape.Commercial banks have receded from their traditional role as providers of debtcapital and they've pared their loan portfolios to reduce pressure on their capitalrequirements. The sovereign debt markets have been roiled with the prospect oflooming defaults.This altered landscape has provided fertile territory for hedge funds that, in response,have greatly expanded their roles in distressed situations. Funds have eclipsedbanks as original debt holders, debtor-in-possession financing providers, and exitfinanciers. Funds now constitute controlling equity. They hold significant blocks ofsovereign debt. Indeed, funds have populated all levels of the capital structure tothe extent that they are in competition with other hedge funds to achieve dominantpositions in a restructuring. This session addresses the evolution of the roles offunds in the current environment and looks ahead to what might be next.

8

Main Sponsors:

12.30pm – 12.45pm Delegate Discussion

12.45pm – 2.00pm Networking LunchSponsored by South Square

2.00pm – 3.00pm Hot topics in the realm of corporate reorganisation

Techniques and strategies in corporate restructurings are constantly evolving.This expert panel will discuss the latest cutting edge developments in therestructuring world and will bring the delegates up to date on all of the latestrestructuring innovations. With representatives from Asia, Australia, Europe and the US, the panel will explore how these strategies have been employed in all of the major jurisdictions. In this interactive session the speakers willdiscuss both in and out of court restructurings, and will focus on the most recent significant decisions rendered by the leading courts world-wide that will influence the direction of corporate restructurings. The panel will delve into these decisions and offer insights on how to incorporate these rulings in the delegates’ day-to-day restructuring practices.

3.00pm – 3.15pm Delegate Discussion

3.15pm – 3.45pm Networking Coffee BreakSponsored by RSM

3.45pm – 4.45pm Nationalism never dies: universalism, treaties and comity

The objective of the session is to examine recent case law from various jurisdictions and regions to determine if trends are emerging. In doing so, the session will examine the various cases to determine if isolated facts andcircumstances of a particular case drive the outcome, or whether the cases fit into a more defined policy or goal of a jurisdiction.An eminent panel of judges will explore the impact of any trends or policies that are identified.

4.45pm – 5.00pm Delegate Discussion

5.00pm – 5.15pm Close of Conference

6.30pm – 9.30pm Gala DinnerSponsored by AlixPartners LLPFor delegates and registered accompanying persons

The Educational Program may be subject to change.

9

Registration Information

Payment: Conference payments by cheque can be made in Pounds Sterling (£) and made payable to:INSOL International Limited. Payment should be sent together with your registration form to INSOLInternational, 6-7 Queen Street, London EC4N 1SP. Payment can be made by personal or companycheque. Please ensure that the name of the delegate and/or accompanying guest and company is writtenclearly on the back of all cheques, which accompany the registration form. Cheques must be madepayable to INSOL International Limited for the Conference fee.If you wish to pay by credit card we accept Visa, Mastercard and American Express. All payments debitedfrom your credit card will be in Pounds Sterling (£). Cardholders will be charged by their credit cardcompanies in their local currency. INSOL International is not responsible for any losses or gains in the feedue to currency changes.

Credit Card Surcharge Fee: Delegates paying with MasterCard/Visa/American Express will be charged a 2% surcharge to cover the credit card transaction fee. The additional charge will be added to your finalinvoice. Debit cards do not incur any additional surcharges.

Disclaimer: INSOL International (INSOL) cannot accept any liability for any loss, cost or expense sufferedor incurred by any person if such loss is caused or results from the act, default or omission of any personother than an employee or agent of INSOL International. In particular INSOL cannot accept any liability forlosses arising from the provision of services provided by hotel companies or transport operators. Nor canINSOL accept liability for losses suffered by reason of war, including threat of war, riots, and civil strife,terrorist activity, natural disaster, weather, fire, flood, drought, technical mechanical or electrical breakdownwithin any premises visited by delegates or their guests in connection with the Conference, industrialdisputes, government action, regulations or technical problems which may affect the services provided in connection with the Conference. INSOL is not able to give any warranty that any person will appear as a speaker or panellist. English Law shall govern the contract between delegates, accompanying personsand INSOL International and any disputes shall be the exclusive preserve of the English Courts.

Copyright: Copyright in all software, papers and other material produced for the Conference will be vested in INSOL. Companies and their delegates may copy such material for their personal use, but further copying,and in particular copying for sale or any other commercial purpose is prohibited without prior permission.

Travel & Health Insurance: INSOL International shall not be responsible for, and shall be exempt from, allliability in respect of any loss, damage, injury, accident, delay or inconvenience to any person during theConference. It is the delegate and accompanying person’s responsibility to be adequately insured in caseof claims pertaining to travel/accidents and illness for the duration of your visit to USA.

Cancellation of the Conference by the Organisers and Insurance: In the event that the Conference iscancelled by INSOL, or by any reason of any factor outside the control of INSOL, and cannot take place,the amount of the Registration fee shall be refunded. The liability of INSOL shall be limited to that refund,and INSOL shall not be liable for any other loss, cost or expense, howsoever caused, incurred or arising. In particular, INSOL shall not be liable to refund any travel costs incurred by delegates or their guests ortheir companies. It follows that delegates and their guests and their companies are advised to take outcomprehensive insurance including travel insurance.

Cancellations of Attendance by Delegates: All cancellations must be made in writing and sent to INSOLInternational, 6-7 Queen Street, London EC4N 1SP United Kingdom. The policy regarding the refund ofregistration fees is as follows:

Cancellations received up to and including 21 February 2015There will be a cancellation fee of £50 per delegate and/or accompanying guest, which will cover theproduction of delegate materials and administration expenses.

Cancellations received after 21 February 2015It is regretted that from this date, there will be no refund of registration fees received, and delegates will be liable for the total cost of any outstanding fees relating to the Conference. A substitute maybe putforward to fill your delegate’s place.

Confirmation of Cancellation: If no written confirmation of the cancellation is received within 24 hoursplease contact INSOL International and ensure the cancellation has been received.

Hotel Bookings and Cancellations: All hotel bookings are the responsibility of the individual delegate to make and cancel directly with the hotel. Credit card guarantee is required at time of reservations.

Hotel Cancellation Policy and No Show Policy: Cancellations made up to “48 hours” prior to arrival will be accepted, and the deposit refunded for those rooms for the full night’s stay. No Show Policy: one nightsroom rate plus tax.

Conference Registration via the net: Registrations can also be made via the INSOL website at www.insol.org

10

INSOL San FranciscoConference Registration Form22-24 March 2015, Conference Venue: The Fairmont San Francisco, 950 Mason Street, San Francisco, California, USA

Deadline for early registration fee: 15 December 2014Closing Deadline: 21 February 2015 Cancellation Deadline: 21 February 2015Please mail or fax this form to: Heather Callow INSOL San Francisco, INSOL International, 6-7 Queen Street, London EC4N 1SP Fax: +44 207 248 3384 or email heather@insol.ision.co.ukYou can also register online at https://insol.org/conference-registration/28/insol-san-francisco/san-francisco-usa

Note: This delegate registration form is valid for one delegate. Photocopies may be made foradditional reservations. This registration form can only be accepted if accompanied by full payment,which can be made by cheque, or credit card.

Title: First Name: Surname:

Name as you wish it to appear on your badge:

Firm Name:

Address:

Tel: Fax: Email: Which governing body/state do you require approval for CPE/CLE credit:

The delegate registration fee includes entry to the educational sessions on Monday 23 and Tuesday 24 March, Conference lunches on 23 and 24 March, the Welcome Reception & Dinner on Sunday 22 March and the Gala Dinner on Tuesday 24 March. It does not include entry to the Ancillary Programs.

Accompanying Person

Name as you wish it to appear on badge: The accompanying person registration fee includes entry to the Welcome Reception & Dinner on Sunday22 March and the Gala Dinner on Tuesday 24 March. Accompanying Person is defined as a participant’sspouse or other personal relation who does not have a business interest in the Conference.

Registration Fees Before 15 December After 15 December Amount PayableINSOL Member Conference £1,350.00 £1,500.00 £Non Member Conference £1,600.00 £1,750.00 £

Ancillary Meeting Fees Before 15 December After 15 December Amount PayableAcademics Colloquium (Academic member) £350.00 £400.00 £Academics Colloquium (non-academic) £450.00 £500.00 £Judicial Colloquium £350.00 £400.00 £The ancillary fee for the academics colloquium and the judicial colloquium does not include access to themain conference social functions.

Social Function Fees Before 15 December After 15 December Amount PayableAccompanying Person Fee £325.00 £375.00 £Small Practice Dinner Ticket per person £100.00 £125.00 £

Become a member of INSOL International and take advantage of all the member benefits includingreduced conference fees. To apply for membership please contact Jelena Sisko jelena@insol.ision.co.uk

Delegate name, firm and country will be listed on the delegate list. Photos & video may be taken duringthe conference for publication. Please bring your confirmation and photographic identification with youin order to collect your badge and conference papers.

11

Breakout Sessions – Monday 23 MarchPlease choose ONE session from each group.11.15am – 12.30pmA1q US Municipal Bankruptcies A2q Tell Me a Secret A3q Intellectual Property2.00pm – 3.15pm B1q Offshore Banking B2q Corporate Group Insolvency B3q The Independent Director3.45pm – 5.00pmC1q Batista Empire C2q EU Insolvency Reform C3q The Cultural Imperative

Social Functions – Conference Delegates and Registered Accompanying Persons OnlyPlease tick the box to confirm attendance at the social functionsWelcome Dinner on Sunday 22 Marchq Gala Dinner on Tuesday 24 Marchq

Small Practice Open MeetingPlease tick the box to confirm if you wish to attend the Small Practice Open Meeting to be held on Sunday 22 March at 4.00pm – 5.30pmq

Payment SummaryIf you wish to pay by cheque we can accept payment in Pounds Sterling. If you wish to pay by credit cardplease make the calculations and payment in Pounds Sterling. Cardholders will be charged by their creditcard companies in their local currency. INSOL International is not responsible for any losses or gains in thefee due to currency changes.

Delegate Fee: £ Accompanying Person’s Fee: £

Ancillary Meeting Fee: £ Small Practice Meeting: £ Total: £

I enclose a cheque/draft to the order of

Please debit my credit card details below for the order of

American Expressq MasterCardq Visaq Debit CardqCard Number: Expiry Date: Security No:

Cardholder Name:

Card Billing Address: (if different from address on previous page):

Signature: Date:

Credit Card Surcharge Fee: Delegates paying with MasterCard/Visa/American Express will be charged a 2% surcharge to cover the credit card transaction fee. The additional charge will be added to your finalinvoice. Debit cards do not incur any additional surcharges.

Special Dietary RequirementsIf you have any dietary restrictions, please remember to identify yourself to the staff at each event.INSOL will try their best to accommodate any special dietary requests:

Additional RequirementsThe San Francisco Fairmont is fully wheelchair accessible. If you require further information please contact us.

Hotel: Please indicate for our records which hotel you will be staying at:

Have you attended an INSOL Conference previously?: Yes q / No q

New AttendeeIf you are a new attendee at an INSOL Conference would you like to join the President and INSOL Board of Directors at a reception prior to the Welcome Reception on Sunday 22 March at 6.30pm?:Yes q / No q

12

INSOL App

INSOL produced its first Conference App for INSOL2013 which was met with great enthusiasm by thedelegates. We further developed the App for INSOLHong Kong and we are pleased to announce thatwe will showcase the latest version for INSOL SanFrancisco, kindly sponsored by Madison Pacific.

The next version will include many new features fordelegates. We are intending to cut down on thepaperwork that you receive and there will be a newelectronic interactive sponsorship section on theApp. The assessment form will be linked to the Appso you can record your views electronically, CV’swill be able to be uploaded in the networkingsession and there will be more local informationincluded. The App will be available at least threeweeks prior to the conference so that you candownload the materials and familiarise yourself withthe App.

This will also allow more time for delegates toupload their details to the networking site andarrange meetings with like-minded colleagueswhen they are in San Francisco.

The App will be available FREE from the iTunesStore, Google Play and all other popular App storesfor your iPhone, iPad or Android phone or tabletdevice. Search for “INSOL International” in yourchosen store, or “INSOL App” on Google, in orderto download the App to your device.

For delegates attending INSOL San Francisco wewill advise you of the App going live prior to theconference so that you can then download it beforeyou travel.

Sections on the App

ItineraryThe Educational Program will be available in thissection and includes an outline to each session andCV’s for each of the speakers. Delegates will beable to rate sessions and speakers and completetheir assessment form as they go. The Itinerary willalso link more seamlessly with the Final Foldersection, allowing delegates to quickly view anyadditional papers or PowerPoints relevant to aspecific session. The relevant programs for specificancillary meetings will also be accessible to thosedelegates who have elected to attend them.

Final FolderThe Final Folder will contain all the information thatcan be found on the CD-ROM. It includes the A5printed folder materials and any additional papersand PowerPoint’s. It will include a G36 brochuregiving details of the members of the Group ofThirty-Six.

*NOTE* All documents will be provided as PDF’sthat can be viewed and navigated through the maincontent page. Alternatively, open documents inyour preferred eReader such as Adobe Reader orKindle for additional functionality.

NetworkingYou will be able to register your details,photograph, upload your CV in this section in orderto view those of other delegates and communicateand network with like-minded members.

SponsorshipThe new sponsor section will include informationabout our sponsors services, link to their websitesfor more detail and enable you to arrange meetingswith sponsor organisations during the conference.

UpdatesUpdates to the INSOL website will be publicisedhere. You will also receive a pop-up “push”notification informing you of any updates shouldyou have elected to receive these.

About UsFurther information about the App and INSOLInternational

Local Information & Venue InformationThis section will provide links to the Tourist Boardand information with regard to your stay in SanFrancisco and allow you to navigate to variouslocations in and around San Francisco using yourdevices GPRS functionality.

Information about the conference venue will also be provided, with floor plans of the buildingdesignating the locations of sessions and specificfunctions.

*NEW* My Conference A newly developed section designed to givedelegates convenient access to sessions of interestamongst other things. Delegates will be able tobookmark the sessions they have elected to attendand quickly jump to the session outline, speakerinformation and view any additional supplementarydocumentation with ease. Delegates will also beable to input and save notes across the App forlater viewing. The assessment form is also availablein this section for delegates to complete andsubmit at their leisure. Sessions and speakers canbe rated here as well as through the Itinerary, andthe completed form can be sent directly to INSOLfrom your device.

Sponsored by:

MADISONPACIFICTRUST

13

Continuing Professional Education

For those delegates who are required by their professional associations to achieve minimum levels ofcontinuing education, certificates of attendance will be available on request.

The Law Society of England and WalesThe Law Society of England and Wales has accredited this conference for 11 hours of CPE. The relevantform will be available on the Conference App, on our website and printed forms will be available. Thereference number is BXZ/INSO.

New York and many US states have adopted procedures to extend comity to jurisdictions whose CLEaccreditation standards meet their standards. The Law Society of England and Wales is one of theseapproved jurisdictions. In addition accreditation is being sought from the State Bars of California, Florida and Illinois.

Accreditation is being sought from the following:

The Hong Kong Law Society

Insolvency Practitioners Association of Singapore

The Canadian Association of Insolvency and Restructuring Professionals (CAIRP) hasapproved the conference for their Mandatory Professional Development Credits.

Main Organising CommitteeMichael Reilly Bingham McCutchen LLP Conference Co-ChairJay Goffman Skadden, Arps, Slate, Conference Co-Chair

Meagher & Flom LLPJames Bromley Cleary Gottlieb Steen & Hamilton LLP Educational Co-ChairAndrew Brozman Clifford Chance LLP Educational Co-ChairAllan Nackan Farber Financial Group TreasurerFellow, INSOL InternationalJulie Hertzberg Alvarez & Marsal Marketing & Sponsorship

Educational Program CommitteeJames Bromley Cleary Gottlieb Steen & Hamilton LLP Educational Co-ChairAndrew Brozman Clifford Chance LLP Educational Co-ChairMarcus Ayres PPB AdvisoryJudge Timothy Barnes US Bankruptcy Court for the Northern Fellow, INSOL International District of IllinoisAlastair Beveridge Zolfo Cooper LLPBill Courage BDO Canada LimitedDavid Eaton Kirkland & Ellis LLPGuilherme Ferreira Jive InvestmentsDavid Fournier Pepper Hamilton LLPLucas Kortmann RESOR NV Fellow, INSOL InternationalJames Pomeroy PwC Fellow, INSOL InternationalVeerle Roovers Jones DayHoward Seife Chadbourne & Parke LLPJorge Sepulveda Bufete Garcia Jimeno S.C.Margot McInnis KRyS Global

General Information

Conference HotelThe Fairmont San Francisco950 Mason Street, San Francisco, California, United States 94108Telephone: +(415) 772 5000 Fax: +(415) 772 5013Email: sanfrancisco@fairmont.com SAF.Reservations@Fairmont.comSign up to become a Fairmont Presidents Club MemberMembership in Fairmont President's Club allows you access to a host of exclusive benefits and privilegeswhich include: The San Francisco hotel spa and health club, free of charge for Fairmont President's Clubguests. Complimentary, in-room high-speed Internet access. https://www.fairmont.com/fpc/enroll/Hotel ReservationsReservation Deadline: 21 February 2015. Reservations are subject to guestroom and rate availability.All hotel reservations are the responsibility of the individual delegate to make and cancel directly with thehotel. Credit card guarantee is required at the time of reservationReservations must be made online at: https://resweb.passkey.com/go/insol2015Or by calling the Global Reservations Centre (U.S. & Canada Toll-Free) 1 (800) 257 7544, or the(International Toll-Free): 00 (800) 0441 1414. Please identify yourself as an INSOL International delegate for ease of booking. Room Rates:Room Type Single/Double RateMain Building $259 + taxesMain Building Suites $599 + taxesTower Building $289 + taxesTower Building Suites $799 + taxesTaxes: 14.065% Hotel Tax 2.25% T.I.D. Tax AssessmentCancellations: Cancellations made up to “48 hours” prior to arrival will be accepted, and the depositrefunded for those rooms for the full night’s stay. No Show Policy: one nights room rate plus tax. Check-In: 1500 hrs Check-Out: 1200 hrs • Every effort is made to accommodate guests arriving before the check-in time, however, rooms may not be immediately available.

• Delegates who wish to occupy their guestroom before 1500 hrs must reserve the guestroom for a night prior to the arrival date.

• Check-Out time is 12:00 noon. Requests to retain rooms beyond that hour should be directed to theFront Desk once the delegate is registered. Should it be possible to extend a late check-out, a latedeparture charge may be applicable.

Climate: March, April and May are some of the most inviting months to visit San Francisco.Characteristically cloudless and mild, some of the warmest and driest days of the year occur in San Francisco’s spring months.Time Zone: San Francisco is on Pacific Time. GMT + 8 hours.Tipping: Service is not included in restaurant checks. The average tip is 15-18% of the total check.Electricity: Local voltage is 120 volts AC. Dress Code: Delegates are requested to wear smart casual clothes to the conference educationalsessions. Speakers are requested to wear business attire. Social functions, Welcome Reception & Dinnersmart casual, no jacket required, Gala Dinner jacket & tie required.Language: The official language is English.Joining Instructions: A confirmation of your booking will be sent to you on receipt of receiving yourregistration and payment. The joining instructions will be sent by email on the 26 February 2015.INSOL App: The INSOL App will be available from 26 February 2015.Social Functions: Registered accompanying persons attending the social functions must be over the ageof 21. Accompanying Person is defined as a participant’s spouse, partner, or other personal relation whodoes not have a business interest in the Conference.Visa and Other Requirements: It is the delegates’ responsibility to ensure they have the correct traveldocuments to the USA. Delegates should check with their travel agents and/or local Embassy orConsulate for current Visa requirements.

Photograph of the Golden Gate Bridge courtesy of vpimages www.vpimages.com

14

6-7 Queen Street, London, EC4N 1SP Tel: +44 (0)20 7248 3333 Fax: +44 (0)20 7248 3384www.insol.org

International Association of Restructuring, Insolvency & Bankruptcy Professionals

Member Associations

American Bankruptcy InstituteAsociación Argentina de Estudios Sobre la Insolvencia

Asociacion Uruguaya de Asesores en Insolvencia y Reestructuraciones EmpresarialesAssociation of Business Recovery Professionals- R3Association of Restructuring and Insolvency Experts

Australian Restructuring, Insolvency and Turnaround AssociationBankruptcy Law & Restructuring Research Centre, China University

of Politics and LawBusiness Recovery and Insolvency Practitioners Association of NigeriaBusiness Recovery and Insolvency Practitioners Association of Sri LankaCanadian Association of Insolvency and Restructuring ProfessionalsCanadian Bar Association (Bankruptcy and Insolvency Section)

Commercial Law League of America (Bankruptcy and Insolvency Section)Consiglio Nazionale Dei Dottori Commercialisti e Esperti Contabili

Especialistas de Concursos Mercantiles de MexicoFinnish Insolvency Law Association

Ghana Association of Restructuring and Insolvency AdvisorsHong Kong Institute of Certified Public Accountants

(Restructuring and Insolvency Faculty)Hungarian Association of Insolvency Practitioners

INSOL EuropeINSOL India

INSOL New ZealandINSOLAD - Vereniging Insolventierecht AdvocatenInsolvency Practitioners Association of MalaysiaInsolvency Practitioners Association of Singapore

Instituto Brasileiro de Estudos de Recuperação de EmpresasInstituto Brasileiro de Gestão e Turnaround

Instituto Iberoamericano de Derecho ConcursalInternational Association of Insurance Receivers

International Women’s Insolvency and Restructuring ConfederationJapanese Federation of Insolvency ProfessionalsLaw Council of Australia (Business Law Section)Malaysian Institute of Certified Public AccountantsNepalese Insolvency Practitioners Association

Non-Commercial Partnership Self-Regulated Organisation of Arbitration Managers“Mercury” (NP SOAM Mercury)

Recovery and Insolvency Specialists Association (BVI) LtdRecovery and Insolvency Specialists Association (Cayman) Ltd

REFor – The Insolvency Practitioners Register of the National Councilof Spanish Schools of Economics

Russian Union of Self-Regulated Organizations of Arbitration ManagersSociety of Insolvency Practitioners of India

South African Restructuring and Insolvency Practitioners AssociationThe Association of the Bar of the City of New York

Turnaround Management Association (INSOL Special Interest Group)