Global Insolvency Practice Course 2022-23 starts with enrolment by 28 Feb 2023

The Global Insolvency Practice Programme for 2022/23 starts with enrolment by 28 February 2023 (enrolments opened on 15 July 2022, but had to be suspended until certainty was obtained regarding the dates of INSOL International’s annual conference in 2023, which has now been determined).
Course preparatory work will commence on 1 March 2023 and the course will conclude in November 2023. The course is divided into three parts, namely Modules A, B and C, although participants will be required to undertake tasks prior to and subsequent to Modules A and B. Module C, which will take place over (parts of) five days, is conducted online. (Check the Brochure)

The Global Insolvency Practice Course focuses on the concepts of reorganisation, work-out, insolvency, winding-up, bankruptcy and the means by which the problems of multi-national companies in financial difficulty can be addressed, including approaches to preventing liquidation and insolvency. It also examines how the insolvency process is regulated by either legislation or other means.
Emphasis is placed on management, accounting and finance in relation to internationally active companies; on insolvency law in the corporate context; and on the effectiveness of mechanisms for dealing with cross-border insolvency. Recent results of research, best practices and crossborder collaboration will be dealt with in detail, with practical case studies and several interim assessments.
The course focuses on:
(1) management issues, including causes of business failure, early warning signs, stages of the turnaround process and the implementation of an out-of-court reorganisation;
(2) accounting and finance, specifically understanding financial statements, cost of capital, capital structure and the valuation of businesses;
(3) the United Nations Commission on International Trade Law (UNCITRAL) Model Law on Cross-Border Insolvency and its enactment in several countries around the world, including Chapter 15 of the US Bankruptcy Code and the Cross-Border Insolvency Regulations 2006 in Great Britain;
(4) the EU Regulation on Insolvency Proceedings, applicable in most European countries, including leading court cases applying this Regulation;
(5) the Global Insolvency Practice Course offers both the theoretical framework and the practical applications thereof within the international or cross-border environment, with the objective of preventing liquidation or administering insolvent corporations. It will also provide information on the most recent developments and relevant sources of supporting material.

Application Process
All applications must be made online by going to www.insol.org. Once on the INSOL landing page, log in with your username and password (if you are not a member of INSOL International, you will first need to register as a user on the website – this can be done by clicking on “Sign in” at the top right-hand corner of the page; this will open a new window where you can register by filling in the fields on the right-hand side of the page and submitting. You will then be prompted to validate your e-mail address, after which you will be able to select a password. Once validated, you will be registered on the site and can follow the rest of the instructions below).
Once signed in to the INSOL website, click on the “Education” tab at the top of the page. When on the Education landing page, click on the “Global Insolvency Practice Course” tile which will take you to the GIPC landing page. On this page find and click on the “Apply Now” button, which will take you directly to the online registration form. Once an application has been successfully submitted, applicants will receive an auto-generated e-mail acknowledging receipt of their application (if such an e-mail is not received within 10 minutes of having submitted an application, please check your junk / spam folder as the e-mail may have ended up there; if the e-mail is not found in your junk / spam folder, please contact Heather Callow (heather.callow@insol.org) immediately).
Each application is considered by the Core Committee in the first instance, with applicants being informed of the outcome by either receiving (a) confirmation that their place on the course is confirmed, or (b) rejecting the application (together with reasons). While applicants are required to complete their payment details before submitting an application, it is important to note that INSOL International will only process a payment by credit or debit card once the applicant’s place on the course has been confirmed. Payment by BACS is also an option if applicants wish to present their invoices to their employer for payment. If an application has been rejected, INSOL international will not process payments by credit or debit card, despite the payment information having been submitted.
Please note that applicants must include their current employer as one of their referees on the application form.

Global Insolvency Practice Programme – Brief Overview

MODULE A
Module A: Three-day face-to-face meeting
Date: Sunday 14 to Wednesday 17 May 2023
Venue: London, UK (Hilton London Tower Bridge)
Module A contains 9 sessions totalling approximately 20 hours.
INTERVAL BETWEEN MODULES A AND B
• Write short paper (topic to be approved)
• Complete a case study on Sessions 1-10
MODULE B
Module B: Two-day face-to-face meeting, one half-day oral examinations
Date: Friday 8 to Sunday 10 September 2023
Venue: Tokyo, Japan (specific venue in Tokyo to be confirmed)
Module B has nine sessions totalling approximately 14 hours.
ORAL EXAMINATION
Individual oral exam based on materials from Modules A and B and the participant’s
individual short paper. These exams will take place during Module B, on Sunday 10
September 2023.
Candidates are allowed to use and consult all their course material during the oral
examination (the oral is a so-called “open-book” examination).
MODULE C
Five days online sessions (part time, given different time zones)
Date: Late October 2023 (precise dates to be determined)
Module C represents a minimum of 36 hours preparation and contact time.

Practical Section: This section accounts for 30 course units. Participation in Module C is dependent on successful completion of Modules A and B. This section represents a minimum of 36 hours preparation and contact time. In practice, however, the intensive nature of the exercise may require substantially more time (20-25 hours) to be spent online in contact with fellow participants.
Please note that this section of the course is scheduled to take place over an intensive one-week period and time must therefore be set aside from your regular office activities to fully partake in this module. At the time of enrolment, participants are required to commit the time to undertake Module C. Participants will require access to a high-speed broadband internet connection and must be sufficiently computer literate to complete Module C. After-hours accessibility to such facilities will be required to complete Module C as well as to access the live court hearing. The live court hearing will be held during late October 2023 (the exact date to be confirmed).

Successful completion of the Global Insolvency Practice Programme will be calculated by taking into account the results of a variety of assessments as set out below. For the grading of tests or examinations, the following grades and values apply: 1 to 10 out of 10. The assessment of participants on the course is comprised of five blocks of units, each of which is separately scored, according to the following
schedule:
Case Study 1 (to be completed prior to Module A) 10 units
Assessments after Module A:
Take home Case Study 2 (on Sessions 1-9) 20 units
Write short paper (topic to be approved) 20 units
Immediately after Module B:
Oral exam (of maximum 45 minutes) 20 units
Module C:
Hypothetical case involving one video conference motion before a court and one week of asynchronous e-learning platform based negotiations and court proceedings. Assessment based on successful participation in and completion of the exercise 30 units
Total 100 units

Applications and Fees

Tuition Fees
The tuition fee of the Global Insolvency Practice programme is set at £8,750. This fee covers tuition, teaching materials, the examination, membership of INSOL International for the duration of the course, a copy of all INSOL publications, a delegate place at the INSOL International Annual Conference held during the year the course is presented, conferment of the Fellowship upon successful completion of the programme, password access for the participants section of the INSOL International website and for Module C, and the availability of materials, certificate on successful completion, inclusion in INSOL press releases, lunches, refreshments and selected extracurricular activities at both learning locations for Modules A and B. The tuition fee does not cover the cost of materials, computer consumables or any video link requirements for Module C. The fee for the course will be charged by INSOL International, which is not subject to VAT.
Collection of Fees
The claim for payment of the tuition fee arises upon approval of an applicant’s submitted application by the Core Committee. The tuition fee cannot be paid in instalments. Access to and the right to participate in the programme will only be provided after receipt of full payment of the course fee. Payment is by bank transfer (BACS) or debit / credit card.
The INSOL Office will specify in the billing notice, in particular:
• the amount due
• the date by which payment must be made; and
• the account into which payment is to be transferred.

Also See: Exams and Courses