Track III : Underperformance, Restructuring & Private Equity

9:00 - 9:15 OPENING NOTE :

9:00 - 9:15	OPENING NOTE : Message from Charlie McCreevy - European Commissioner for the Internal Market and Services, EUROPEAN COMMISSION (video)
9:15 - 10:05	*Panel 1:* Overview - The Restructuring & Turnaround Market Assessing the earliest signals of distress Underperformance of listed companies Lessons learned from the current market and recent restructurings The lack of vision hinders the growth of the restructuring business / Starting Blocks position for Restructuring Funds Opportunities for restructuring in a distressed market Right timing: Tackling the Consolidation Solution Legal Frameworks for Cross-Border Restructurings Karim Saddi – Managing Director, TowerBrook Capital Partners Mathieu Guillemin - Managing Director, Oaktree Capital Olivier Marion – Partner, PricewaterhouseCoopers Marc Santoni - Partner, SCP Santoni & Associes *David Chijner – Partner, Fried Frank*
10:05 - 10:55	Panel 2: Turnaround, Crisis Management & Corporate Re-Engineering The necessary checklist in managing troubled LBOs Restructuring distressed LBOs: Using Equity Cure, Headrooms and Other Lending Provisions Timing consideration for financial engineering Alternative path: debt to equity swap Are third party corporate-specialized investors a solution? Mid-Market Restructurings: What Happens if No One Comes to the Sale? Pre-transaction restructuring Henry Jackson - Managing Partner & Chief Executive Officer, Merchant Equity Partners Frederic Beauvais - Managing Partner, Phora Capital Stefaan Vansteenkiste – Managing Director, Alvarez & Marsal Henri Calef - Partner, Mazars Gabriel Hui - Project Manager, Leaders League
10:55 - 11:15	Networking Break
11:15 - 12:05	*Panel 3:* *Avoiding Bankruptcy* A Government driven solution? Debt renegotiation The Government driven solutions : Case studies What is the breed of the companies that survive? Choosing the right judicial procedure A consumers less recovery ?! The Life of a Turnaround: Driving the Restructuring Process Out-of-court restructuring Is the default part of the economy still at the early stages ? Worth more dead than alive ? Thierry Fournier - Chief Executive Officer, Outiror Jean-Louis Detry - Chief Executive Officer, Vermeer Capital Pascal Bonnet – Partner, KPMG Chani Guillard - Journalist, Magazine Decideurs
12:05 - 13:45	Networking Lunch KEY NOTE: Jean-Paul Gauzès - Rapporteur for the European Commission for Private Equity Firms and Member of the European Parliament (video)
13:45 - 14:00
14:00 - 14:50	Panel 4: Debt to Equity Swap: the Age of Maturity The distressed debt market: current climate and new opportunities How to identify the most promising distressed plays: the most popular sectors for distressed investments Distressed debt funds in 2010 and beyond: a booming market for how long? Alain Dib – Head of Restructuring, BNP PARIBAS Fabien Castello – Managing Partner, Platina Partners David Chijner – Partner, Fried Frank Gabriel Hui - Project Manager, Leaders League
14:50 - 15:40	*Panel 5:* Managing Troubled LBOs Restructuring a jumbo-large LBOs VS midmarket LBOs: different approaches? Dropping the lukewarm attitude: decisive hands on Managing the fiscal element in the LBO debt renegotiation Distressed Private Equity Investing Aligning Executive Teams With Turnaround Professionals The role of high yield in LBO’s going forward Nathaniel Meyohas - Partner, Sun European Partners Eduardo J. Fernandez - Partner, Willkie Farr & Gallagher Maurice Lantourne - Partner, Willkie Farr & Gallagher Vincent Danjoux - General Partner, Rothschild **Gabriel Hui - Project Manager, Leaders League**
15:40 - 15:55	Networking Break
15:55 - 16:45	*Panel 6: Financial Engineering: the Pre-Pack* Timing Consideration for Financial Engineering Pre packs: why and how to ? Beyond financial engineering : Alignment of Interests, Collaborating With Portfolio Company Management Current best practices Pre Packing LBOs – how to be on the winning side Régis Valliot - Administrateur Judiciaire, Meille & Valliot Nicolas Laurent - Partner, Bredin Prat Raphaele Courtier - Partner, Bredin Prat Karim Saddi - Managing Director, TowerBrook Capital Partners Chani Guillard - Journalist, Magazine Decideurs