GLOBAL INSOLVENCY

PRACTICE COURSE

COURSE BROCHURE 2023 / 2024

Leading to an award with the designation:

INSOL Fellow

Page 1
CONTENTS

About INSOL International .......................................................... 1

Introduction ................................................................................................ 2

Course Aims and Objectives .................................................................... 4

Literature and Web-based Learning ....................................................... 6

Core Committee ........................................................................................ 7

Global Insolvency Practice Programme – Brief Overview..................... 8

Examination Process and Grading ....................................................... 13

Application Process ................................................................................ 15

Applications and Fees............................................................................ 17

Outcome of Participation....................................................................... 19

INSOL Fellowship Alumni Benefits ....................................................... 20

Disclaimer and Practical Arrangements............................................... 21

CONTACT INFORMATION

Heather Callow – Course Administrator

INSOL International, 6-7 Queen Street, London EC4N 1SP
Tel: (0)20 7248 3333
E-mail: [email protected]

Page 2
 INSOL International

INSOL International is a world-wide federation of national associations of

accountants and lawyers who specialise in turnaround and insolvency.
There are currently over 44 Member Associations with over 10,000
professionals participating as members of INSOL International

INSOL also has ancillary groups that represent the judiciary, regulators, lenders and academics.
These groups play an invaluable role within INSOL and provide valuable forums for discussions
of mutual problems.

INSOL was formed in 1982 and has grown in stature to become the leading insolvency
association in the world. It is an important source of professional knowledge, which is being put
to use around the world on diverse projects to the benefit of the business and financial
communities.

INSOL’S VISION AND PURPOSE

INSOL with its Member Associations will take the leadership role in international turnaround,
insolvency and related credit issues; facilitate the exchange of information and ideas; encourage
greater international co-operation and communication amongst the insolvency profession,
credit community and related constituencies.

OUR GOALS

• To work with and involve our Member Associations in our activities;

• To implement research into international and comparative turnaround and insolvency
issues;
• To participate in Government, NGO and intergovernmental advisory groups and to liaise
with these institutions on relevant issues;
• To assist in developing cross-border insolvency policies, international codes and best
practice guidelines;
• To provide a leadership role in international educational matters relating to turnaround
and insolvency topics;
• To facilitate the exchange of knowledge amongst our Member Associations through our
conferences and publications.

Through these goals INSOL International aims to assist its members with vital research, by
developing internationally accepted legislation and guidelines, and providing through
conferences, our web site and publications, a forum to exchange knowledge and learn from the
experiences of other countries.

Page 1
 Introduction

Welcome to the Global Insolvency Practice Course (GIPC), offered by INSOL International in
conjunction with professors and lecturers from leading universities, institutions and firms from
around the world. The GIPC is a postgraduate certification programme with a duration of
approximately nine months. The programme is the result of INSOL International’s strong
relationships with a community of academics, specialised in international and comparative
insolvency law. These academics, like the members of INSOL International, work in all continents
of the world.

To allow participants to enjoy a stimulating learning environment, the first part of the
programme (Module A) is usually held in one of the cities where the collaborating universities
are located. The second part of the programme (Module B) is usually organised in conjunction
with one of INSOL’s annual conferences and, in addition to attending the sessions of the GIPC
programme, participants are then able to attend the INSOL Annual Conference that takes place
at the same time as the presentation of Module B in order that they may learn from practical
experiences and exchange views with practitioners, academics, judges and lenders from all over
the world. This course therefore envisages personal attendance and participants are expected
to commit to doing so.

Globalisation has fundamentally altered insolvency practice, creating new challenges for
lawyers, accountants and turnaround professionals. It is accompanied by the development,
enactment and amendment of new legislative instruments, such as the EU Insolvency Regulation
in 2002 and the UNCITRAL Model Law on Cross-Border Insolvency, which has been adopted in
many jurisdictions, including Japan, Mexico, the USA and the UK. Firms and individuals are
increasingly aware that it is essential to prepare for the future by enhancing their knowledge of
the cross-border aspects of legal and financial problems of businesses in distress. Participants
signing up for the GIPC will considerably broaden and deepen their knowledge and skills in
international and transnational insolvency law and practice.

The GIPC course content is largely based on LLM and international insolvency law programmes
offered by senior academics associated with the INSOL Academic Group. The course builds on
the experience of the highly successful previous courses. INSOL International is once again in
the unique position to work together with the most qualified and reputed practitioners and
scholars in the field to provide a course on the legal and financial elements of insolvency and
restructuring. This brochure provides the essential information regarding the content and
requirements of the programme. A very competent and dedicated INSOL International team
are in charge of the administration of this programme. The number of participants admitted to
the programme has been kept purposefully low in order to create an informal atmosphere in
which the participants and teaching staff are encouraged to share their knowledge and
experience.

The Global Insolvency Practice Programme for 2023/24 starts with enrolment by 30 September
2023. Course preparatory work will commence on 1 October 2023 and the course will conclude
in June / July 2024. The course is divided into three parts, namely Modules A, B and C, although

Page 2
 Introduction

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.

We are confident that the manner in which we propose to present the programme will combine
to make your participation a very rewarding investment towards a successful future in the field
of insolvency and restructuring. The course combines high level professional development with
the experience of engaging with fellow professionals from around the globe to provide a unique
learning experience, enhancing and enriching your career development. If you have any
questions regarding the course please do not hesitate to contact the Course Administrator at
the number or e-mail address provided on the Contents page.

On behalf of the Core Committee

Page 3
 Course Aims and Objectives

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 cross-
border 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 reorganisations;

(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.

The specific goals of the course are:

(1) to introduce and to appraise basic elements and requirements of turnaround management,
including relevant accounting and financial topics;

(2) to introduce legal concepts and reasoning in the subject area, including the introduction to
primary and secondary source materials;

(3) to appraise international legislative initiatives and chosen approaches to cross-border

issues and the roles of parties involved;

Page 4
 Course Aims and Objectives

(4) to recognise specific roles and tasks in given international insolvency proceedings, for
example the aim of the proceedings, the role of office holders and courts, and the position
of (secured and unsecured) creditors;

(5) to understand, interpret and apply recent legislation and regulation dealing with cross-
border insolvency to given cases;

(6) to transfer skills that are necessary to the conduct of international insolvency cases and to
show how best to apply the aforementioned legislation and regulation to make international
insolvency law work to optimum effect in practice; and

(7) to develop a future generation network through the Fellowship Alumni who will be able to
draw on each other’s experiences through meetings and through their own dedicated web
pages on the INSOL International website.

By the end of the course, the successful participant will have;

• a thorough insight into the major issues, debates, and theories in legal and financial topics
in international insolvency;

• the analytical and practical skills to apply international insolvency rules in practice;

• the professional skills to anticipate, prevent, analyse and solve legal problems arising in
practice;

• the skills to take a critical and independent view when confronted with legal or financial
issues in international insolvency; and

• the skills to reach his or her own conclusions as to the appropriate course of action.

Case studies and practical examples will be extensively used on the programme. Participants
will be divided into different working groups from time to time throughout the course in order
to solve certain hypothetical challenges. Interactive lectures and participation are actively
encouraged. The combination of world-renowned lecturers and expert practitioners as lecturers
afford an excellent mix of both practical and academic knowledge. Participants are expected to
contribute personal perspectives throughout the contact sessions on the programme. The
course attracts a particularly diverse group of professionals with a variety of cultures and
backgrounds, providing a unique learning opportunity that is stimulated by group debate.

Page 5
 Literature and Web-based Learning

Literature

The materials for the course include applicable legislation (EU Insolvency Regulation, Model
Law, EU Directives), guides or explanations to these, protocols, best practices or
recommendations provided by formulating agencies and bodies such as the World Bank,
United Nations Commission on International Trade Law (UNCITRAL) and INSOL International.
The course materials will be supplemented by written materials on specific subjects and
references to books and articles. Course materials will be provided for each session on the GIPC
web pages.

Every session prescribes required reading, additional literature and source materials.
Participants are advised to study the required reading well before the start of a module.
Additional literature is also provided as background reading for the course. Additional literature
will also be available on the course website or be made available just before or during the
various sessions, unless copyright laws prevent us from doing so. At the very least the references
to these materials will be provided so that participants can obtain the relevant materials by their
own means.

Additional literature will normally consist of recent case law, articles or other examples of best
practice. The aim of providing additional literature is to capture the most relevant recent
developments and the most recent experiences of the lecturer that has been invited to present
on the relevant topic. All materials provided are intended for study on the programme.
However, please note that the information and opinions they contain are not intended to be a
comprehensive study or to provide legal advice. Before taking action based on these materials,
legal advice should always be sought. Neither INSOL International, the Core Committee nor the
lecturers on the programme, bear responsibility for any errors or omissions contained in the
materials. Course materials will be provided to you via the course web pages on the INSOL
International website. Some publications will need to be purchased, or participants need to
have ready access to copies for reference purposes.

Web-based Learning

Access to the GIPC course website is provided automatically after the course commencement
date once registration on the course has been confirmed (that is, after an application has been
approved by the Core Committee and full payment of the registration fee has been made). All
successful applicants will have access to the Course Handbook that contains step-by-step
instructions on how to access the various modules and sessions on the course. Participants
require access to a high-speed broadband internet connection in order to complete the course.
Please note that after-hours accessibility to such facilities will be required to complete Module
C as well as for access to a video conference facility for the live court hearing. It is essential that
participants have access to appropriate facilities for the live court hearing at the beginning of
Module C. Please note that whilst INSOL will provide every assistance possible, it remains the
responsibility of the participant to source and (if necessary) to fund the provision of such
facilities.

Page 6
 Core Committee

David Burdette Course Leader – Head of Education, INSOL International, UK

Jan Adriaanse Professor, Leiden University, The Netherlands

Hamish Anderson Norton Rose Fulbright, UK

Scott Atkins INSOL Fellow, President of INSOL International, Norton Rose

Fulbright, Australia

Jane Dietrich INSOL Fellow, Board Director o f INSOL International, Cassels

Brock & Blackwell LLP, Canada

Allan Gropper US Bankruptcy Court (Ret), USA

Professor, Radboud University Nijmegen and RESOR N.V.,

Michael Veder
The Netherlands

Adrian Walters Professor, Chicago-Kent College of Law, Illinois Institute of

Technology, USA

Peter Walton Professor, Wolverhampton Law School, UK

Page 7
Global Insolvency Practice Programme – Brief
Overview

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
([email protected]) 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.

It is to be noted that participants must complete all modules with the class they are registered
with. Modules A and B are intensive and participants must attend in person and devote their full
attention to each session. Only in the most exceptional circumstances (documented to the
satisfaction of the Core Committee) will a participant be allowed to miss a session or defer
completion of the programme to a future date. Please do not apply for a place on the
programme unless you are confident that you can fully participate in all the modules.

PRIOR TO MODULE A

Participants will be provided with a case study that must be completed prior to the
commencement of Module A.

Page 8
Global Insolvency Practice Programme – Brief
Overview

MODULE A

Module A: Three-day face-to-face meeting

Date: Wednesday 29, Thursday 30 November and Friday 1 December 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 1-9

MODULE B

Module B: Two-day face-to-face meeting, one half-day oral examinations

Date: Sunday 19 May to Tuesday 21 May 2024

Venue: San Diego (specific venue in San Diego 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 Tuesday 21
May 2024.

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: June / July 2024 (precise dates to be determined)

Module C represents a minimum of 36 hours preparation and contact time.

Page 9
Global Insolvency Practice Programme – Brief
Overview

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 June / July 2024 (the exact date to be confirmed).

Please note that while INSOL will provide every assistance possible, it remains the
responsibility of the participant to source and (if necessary) to fund the provision of
appropriate facilities necessary to complete Module C.

Successful completion of the course 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

Page 10
 Global Insolvency Practice Programme – Brief
Overview

Participants must pass all five assessments in order to pass the course. The Core Committee
will decide whether a participant has passed all five the prescribed assessments. A 50% pass
mark for each assessment is required. If a participant fails to achieve the pass rate on one or
more of the assessments, re-take assessments will be arranged as described below.

Oral Examination

The oral exam is conducted by two examiners and is taken individually. The oral examination
should last approximately 45 minutes.

If more than one examiner grades an examination, the grade will be calculated as the average
of the individual grades given by each examiner. This calculation will be made to the first
decimal place and any further decimal places will be disregarded without rounding-off the mark.

Short Paper

The topic of the paper must be agreed upon with the Core Committee. The Core Committee
assigns a faculty member to supervise the paper. One original Microsoft Word-formatted paper
must be submitted.

The deadline for submission may be extended upon written request by the participant. The Core
Committee must decide on any requests for an extension. If the paper is submitted after the
final deadline without permission for an extension, it will be deemed to be rejected.

The paper must be organised and written according to the Paper Guidelines (included in the
Course Handbook available to participants) and accompanied by a declaration attesting that
the candidate has prepared the content of the short paper independently (the wording of the
author declaration form can be found in Appendix A of the Course Handbook).

Short Paper Evaluation

The short paper will be evaluated by the assigned faculty member and one further examiner,
who the Core Committee must appoint from among the course faculty lecturers and other
examiners. With regard to the grade, each examiner has the right to request the participant to
address criticisms through improvements or additions to the paper. If the participant declines
to, or fails to, meet the request within a period set by the Core Committee, the examiner must
grade the paper without such additions or improvements. Alternatively, following consultation
between the examiner and the candidate, the paper may be returned to the participant for
revision within an agreed period. As is the case with the grading of other assessments on the
course, the following grades and values also apply to the evaluation of a short paper: 1 to 10
out of 10.

Page 11
Global Insolvency Practice Programme – Brief
Overview

Procedural Regulations

The Core Committee may remove any participant from the programme at any stage or decline
to award the Fellowship if, before or after the award of the Fellowship, it is established that:

(a) the participant has engaged in an unfair practice (i.e., cheating, including plagiarism) in
relation to the programme; or

(b) the requirements for admission to the programme have not been met.

No refund will be given if the participant does not complete the programme, regardless of the
reason.

Page 12
 Examination Process and Grading

All in all, the programme consists of 100 units, reflecting 183 hours of study over a period of
more or less nine months, as follows:

Prior to Module A Case Study 1 – 20 hours Total: 20 hours

Module A 9 sessions – 20 hours live sessions, 20 hours

preparation Total: 40 hours

Case Study 2 – 30 hours Total: 30 hours

Module B 9 sessions – 14 hours live sessions, 14 hours

preparation Total: 28 hours

Short paper – 16 hours Total: 16 hours

Preparation for oral examination – 12 hours

Oral examination – approximately 45 minutes Total: 13 hours

Module C Video conference and e-learning platform,

36 hours Total: 36 hours

The final grade will be calculated as the sum of the individual grades given for each of the five
blocks of units (each assessment grade will count towards the final grade in proportion to the
unit value of the assessment). This calculation will be made to the first decimal place and any
further decimal places will be disregarded without being rounded-off.

Each participant will be assessed on the results of the two case studies, short paper, oral exam
and Module C, each of which is separately scored / assessed. Participants must pass all five
examinations. Prior to Module C participants are able to retake assessments for:

• Case Study 1 and 2

• Short paper

• Oral exam

For each of these retake sections of the exam a fee of £250 will be charged and must be paid
in advance. The grade awarded for Module C is final and no retake is permitted.

Page 13
 Examination Process and Grading

As a guide, retakes can be addressed as follows (to be decided by the Core Committee):

• Case study 1 to be resubmitted addressing specific issues;

• Case study 2 in the form of an extended research paper (topic to be agreed);

• Short paper, either by an improved paper or a paper on a different topic (topic to be

agreed).

Where required, an oral examination will be retaken at the earliest mutually convenient time but
must take place within three weeks of the date of the original oral examination. With the written
approval of the Core Committee, the retake of an oral exam can take place via conference call
in a setting in which the participant will be accompanied by a person, to be selected by the Core
Committee, in the country of the participant’s residence.

Page 14
 Application Process

The course is open to all individuals seeking a continuing education opportunity including
lawyers, accountants, insolvency practitioners and turnaround managers. Professionals within
financial institutions, banks or professional services firms will also benefit from this course.

Note that participants must complete the entire programme with their class. The programme is
intensive, and participants must devote their full attention to each session. Only in the most
exceptional circumstances (documented to the satisfaction of the Core Committee) will a
participant be allowed to miss a session or defer completion of the programme to a future date.
Do not apply for the programme unless you are confident that you can participate in all three
modules.

Minimum Criteria for Admission to the Programme

A candidate:

• must hold a degree or a certificate of qualification from an accredited college or faculty of

law, university or professional education institute;

• possess a minimum of five (5) years’ relevant experience in the field of their work, three (3)
of which have to be in restructuring and insolvency, including two (2) years of cross-border
experience. Such experience must be demonstrated in the applicant’s curriculum vitae.
Please note that applicants who have obtained the Foundation Certificate in International
Insolvency Law will be exempt from the requirement of also having to have two years’ cross-
border experience.

To apply, applicants must submit / confirm the following in their online applications:

• a document reflecting a degree or a certificate of qualification from an accredited college

of law, university or professional education institute;

• a statement that the applicant possesses a minimum of five (5) years of consulting
experience, three (3) of which have been in restructuring and insolvency (this must be
ascertainable from the applicant’s curriculum vitae);

• a statement that the applicant has at least two (2) years’ experience in cross-border
insolvency, OR, where a candidate does not have two years’ cross-border experience, that
they have passed the Foundation Certificate in International Insolvency Law (a copy of the
Foundation Certificate will need to be uploaded as part of the application);

• a curriculum vitae, describing an applicant’s experience.

Each application will go through an approval for admission process by the Core Committee.

Page 15
 Application Process

The number of admissions to the programme will be limited to a maximum of 25 participants

in order to ensure academic excellence and direct, personal contact between students and
faculty.

Application

All decisions regarding admissions to INSOL International’s Global Insolvency Practice Course,
including its organisation and its exams, are made by the Core Committee. The course and
examinations will be conducted in English.

Page 16
 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.

Application Deadline

Applications will be open between 14 July and 30 September 2023. Admissions will be
conducted on a "rolling" basis, meaning that applications will be considered by the Core
Committee as soon as they are received. Admissions will be approved on a “first come, first
served” basis. No application fee is required, although applicants will have to register as a user
on the INSOL International website if they are not current members of INSOL (there is no fee for
registering as a user). Once the Core Committee has considered and approved the application,
notification will be sent and upon receipt of the payment your place on the course will be
confirmed.

How to Apply for a Place on the Course

Applicants who meet the entry requirements for the course may submit an application any time
on or before the application deadline of 30 September 2023. Only online applications will be
accepted and no late applications will be considered. All applications must be made online by
going to www.insol.org. Once on the INSOL landing page, log in with your username and

Page 17
 Applications and Fees

password (if you are not a member of INSOL International, you will first need to register – 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 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 ([email protected]) immediately).

Copies of original documents must be uploaded in PDF format. Once the admissions process
has been completed, the applicant receives a written confirmation of registration from INSOL.
It is the policy of INSOL not to return any application materials of applicants. These will be
destroyed in compliance with English data protection legislation.

Website and Accessing the Course

Written confirmation of your acceptance onto the course will be sent to you once your
application has been approved. At the start of the course on 1 October 2023, you can access
the course by logging on to the INSOL International website and clicking on the Education tab.
Once on the Education web page, click on “My Courses” tile which will open a new page with a
red button stating “My Courses”. Click on the red button and this will open a tile for each of the
courses you are enrolled on (in most cases there will be only one tile reflecting the GIPC course
and will state “Global Insolvency Practice Course 2023/24”). Click on the relevant tile and this
will take you straight to your student portal where the course materials will be visible, including
the Course Handbook. Download the Course Handbook in order to see how to navigate the
course web pages and to see what is required of you on the course.

The course materials are an integral part of the programme and / or the preparation for tests,
case studies or the examination. To ensure that a participant is adequately prepared for the
course modules and / or exam(s), INSOL International encourages applicants to access the
materials as soon as the course commences so that adequate time is provided to review the
materials.

If you have any queries or questions with regard to your participation on the course, please
contact Heather Callow at [email protected], Tel: 44 (0) 20 7248 3333.

Page 18
 Outcome of Participation

Examinations

INSOL International is responsible for the organisation and administration of the examinations.
The Core Committee (with additional representatives) will carry out the examinations. The
lecturers conducting tests or exams are selected by the Core Committee. Unless any parts of
the course must be retaken, the costs of all tests and exams are included in the tuition fee.

The outcome of participation in the Global Insolvency Practice Course 2023/24 is a Certification
honouring the candidate with the designation “INSOL Fellow”.

Other outcomes are:

• listing the candidate’s name on INSOL International’s website as a Fellow;

• press release of the results of the course, to be sent to a selected group of reviews and
magazines on turnaround and insolvency, two of which may be chosen by the candidate;

• press release of the results of the course, to be sent to two professional organisations;

• participants that are awarded the Fellowship have an awareness of the mechanics of how
international insolvency issues in a large part of the world are solved. They will have an
increased understanding of the complexity of related questions and the principles
underlying possible solutions, allowing them to make continuing and useful contributions
to the improvement of the services to clients and other interested parties;

• a participant’s credibility as an expert in matters of international insolvency will be

recognised;

• Fellows will receive a 30% discount on INSOL Seminars / Conferences / Quadrennial

delegate fees for a set period of three years;

• the participant who is first in class will be awarded the Stephen Adamson Award, allowing
him or her to attend and travel free of charge to collect their certificate at the in-person
INSOL International Annual Conference in 2025;

• the top three Fellows in the class will be recognised as passing with honours;

• an awards ceremony where certificates will be awarded will take place at the in-person
INSOL International Annual Conference in 2025;

• after completing the programme successful candidates will be able to use the title INSOL
Fellow in all their professional publicity;

Page 19
 INSOL Fellowship Alumni Benefits

• participants who successfully complete the programme automatically become members of

the INSOL International Fellowship Association.

Please note that completion of the Global Insolvency Practice Course is the only way in which
an INSOL Fellowship can be obtained.

INSOL Conferences

All Fellows will receive a 30% discount off future INSOL conferences delegate fees for a three-
year period.

Fellowship Alumni Website

A secure separate site on INSOL web site includes the contact details and brief biographies of
Fellows.

Networking Events

Existing fellows will be invited to attend dinners with new intakes of fellows at each module.

INSOL will arrange a reception or dinner, where possible, for fellows in the region where INSOL
may be hosting a conference / seminar / training course / board meeting or other event.

Fellows will be invited to participate in younger / new members’ reception prior to each
conference as ambassadors of INSOL.

INSOL will look to arrange specific formal educational or social programmes at INSOL
Conferences for the benefit of Fellows. Exact details of these events will be decided by the
Fellows Committee.

As the number of Fellows increases, INSOL will look to host more dedicated events.

INSOL Directory

Fellows will have a specific page in the INSOL annual directory listing their contact details. The
directory is available to the approximately 10,000 INSOL members world-wide.

INSOL World, the Quarterly Journal of INSOL International

Fellows are requested to submit articles for the Fellowship section in INSOL World.

E-mail Group

The Fellowship round-robin e-mail group will be available for requests for advice, contacts, and
feedback.

Page 20
 Disclaimer and Practical Arrangements

The information and data contained in this brochure is provided by INSOL International and may
be used for informational purposes only. While INSOL International has done its utmost to make
the contents of this brochure accurate and reliable, INSOL International cannot guarantee the
accuracy, validity or reliability of this brochure. No right can be derived from the information
contained in this brochure and users should always check to confirm the accuracy of the
information with the relevant authorised body of INSOL International.

INSOL International is not responsible for any changes in the information provided in this
brochure that might occur after printing. Potential candidates should always refer to the INSOL
Office for the latest update available.

The literature provided may refer to links to other websites. INSOL International makes no
representation whatsoever regarding the content of any other websites which you may access
whilst participating in this programme, as INSOL International has no control over the content
of these websites and cannot guarantee the reliability or accuracy of any external information to
which it is linked.

Checklist

Before travelling, you must ensure that you have:

• a valid passport;

• a visa or authorisation for a temporary stay, if applicable;

• a letter of acceptance confirming that you are taking part in the course;

• medical insurance and travel policy.

Module C Video Conference Hearing and E-learning Platform

It is essential that participants have access to videoconference facilities for the live court hearing
at the beginning of Module C in June / July 2024 (date to be confirmed).

Please note that whilst INSOL will give every assistance possible, it remains the responsibility
of the participant to source and (if necessary) to fund the provision of such facilities.

Cancellation of the GIPC Programme by the Organisers and Insurance

In the event that the Programme is cancelled by INSOL, or by any reason of any factor outside
the control of INSOL and cannot take place, the amount of the Registration fee will 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.

Page 21
 Disclaimer and Practical Arrangements

Cancellation by an Applicant

Notification of cancellation must be received in writing (e-mail is acceptable but is only effective
if receipt has been confirmed by INSOL). Cancellations will not be reviewed or processed until
they are received in writing. Cancellation by phone is not accepted. If a written notification of
programme cancellation is received up to 30 business days prior to the start of the programme,
a participant will be issued with a refund less a processing fee of £250. Cancellations received
within 30 business days of the start of the programme will not be refunded. Deferrals will not
be permitted once the course has started except in the most exceptional circumstances
(documented to the satisfaction of the Core Committee).

Substitution Policy

Substitution is permitted up to five days before the start of the programme. Individual modules,
tests or exams cannot be substituted. The request for substitution must be submitted in writing
(e-mail is acceptable but is only effective if receipt has been confirmed by INSOL). Substitution
requests will not be reviewed or processed until they are received in writing. Substitution by
phone is not accepted. The substitute must fulfil all the requirements for admission to the
course, including providing required information, and must be approved by the Core
Committee. Substitution is only valid after receiving the written consent of the Core Committee.

Confirmation of Cancellation or Substitution:

If no written confirmation of the cancellation or substitution is received within 24 hours please

contact INSOL International and ensure the cancellation or substitution request has been
received.

Disclaimer

INSOL International (INSOL) cannot accept any liability for any loss, cost or expense suffered or
incurred by any person if such loss is caused or results from the act, default or omission of any
person other than an employee or agent of INSOL International. Nor can INSOL accept liability
for losses suffered by reason of war, including threat of war, riots and civil strife, terrorist activity,
natural disaster, pandemics, weather, fire, flood, drought, technical, mechanical or electrical
breakdown within any premises visited by students or their guests in connection with the
Fellowship Programme, industrial disputes, government action, regulations or technical
problems which may affect the services provided in connection with the Fellowship Programme.
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 and INSOL International and any
disputes shall be the exclusive preserve of the English Courts.

Page 22
INSOL International
6-7 Queen Street
London
EC4N 1SP
Tel: +44(0) 20 7248 3333 | Fax: +44(0) 20 7248 3384
www.insol.org

Copyright © No part of this document may be reproduced or

transmitted in any form or by any means without the prior permission
of INSOL International. The publishers and authors accept no
responsibility for any loss occasioned to any person acting or refraining
from acting as a result of any view expressed herein.

Copyright © INSOL INTERNATIONAL 2023. All Rights Reserved.

Registered in England and Wales, No. 0307353. INSOL, INSOL
INTERNATIONAL, INSOL Globe are trademarks of INSOL
INTERNATIONAL.

Page 1