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Turnaround Management Association

News & Information

05 Feb 2024

Turbocharged Turnaround: 2024 Educational Workshops

Join us for EACTP’s second ‘Turbocharged Turnaround’ Educational Workshops, to be held at Leiden University in The Netherlands on 20 & 21 March 2024. REGISTRATION OPEN!  The event will be...

01 Nov 2023

CTP Mastermind: Chapter 11 from a CTP Perspective

Join us on 28 November for EACTP’s Mastermind Webinar where Matthew English will lead a high-level session on Chapter 11 from a CTP Perspective. 3-4pm (GMT) 4-5pm (CET) Online Open...

19 Oct 2023

CTP Mastermind: Balance Sheet Restructuring *postponed*

EACTP’s second Mastermind Webinar: Balance Sheet Restructuring has been postponed. Contact us to register your interest when the new date is announced: eactp@turnaround.org   Join us on 2 November for EACTP’s second...

16 Oct 2023

AGM Information Pack

Please find the enclosed link to the minutes of the AGM meeting held on 6th September 2023 and the Directors’ Annual Report for the year-end 31st December 2022 for your perusal. http://www.eactp.eu/uploads/files/EACTP_2023_AGM_minutes_V1.pdf http://www.eactp.eu/uploads/files/AGM_Annual_Report_EACTP.pdf

04 Oct 2023

Second Edition of Alan Tilley’s book Turnaround Management

Following the highly regarded First Edition, the Second Edition of Alan Tilley’s book ‘Turnaround Management: Unlocking and Preserving Value in Distressed Businesses’ is soon to be published. Available to pre-order...

17 Aug 2023

CTP Mastermind: Sustainability in Turnarounds

On 28th September 2023, please join us for the EACTP’s first CTP Mastermind ‘Sustainability in Turnarounds’. 3-4pm (GMT) 4-5pm (CET) BUY TICKET Comprising of a presentation, case study and group discussion,...

04 Aug 2023

The European Association of Certified Turnaround Professionals responds to the 3-Year CIGA Post-Impl

In June, the Insolvency Service published its “Post-Implementation Review” of the Corporate Insolvency and Governance Act 2020 (CIGA), three years since it came into force. Read below the review’s key...

03 Aug 2023

2023 Notice of EACTP Annual General Meeting

The EACTP Annual General Meeting for 2023 is being held on Wednesday 6th September at 1400 BST/1500 CET via Zoom Details of the AGM will be emailed directly to EACTP members including joining...

14 Jun 2023

The Future of Turnaround

By Simon C. Jones CTP FCPA The Future of Turnaround. What will it look like?   2023 Turbocharged Turnaround Conference, held on Thursday the 30th and Friday the 31st of March 2023, at...

13 Apr 2023

CTP TALK

An Interview with Matthew Quade, CTP and CEO of TSL CTP TALK is an interview series where we ask senior CTPs to share details of their careers, motivations, challenges and...

13 Feb 2023

CTP TALK

An Interview with Ioana Necula, CTP and Founder of Romexterra Finance Group CTP TALK is an interview series where we ask senior CTPs to share details of their careers, motivations,...

14 Dec 2022

CTP TALK

An Interview with Enrica Maria Ghia, CTP and Partner of Ghia Studio Legale Associato CTP TALK is an interview series where we ask senior CTPs to share details of their careers,...

21 Sep 2022

CTP TALK

An Interview with Jantine Hak, CTP and Managing Partner of Kruger Rotterdam CTP TALK is an interview series where we ask senior CTPs to share details of their careers, motivations,...

01 Sep 2022

AGM Information Pack

Pursuant to the Amended Notice of General Meeting dated 15 August 2022, please find the enclosed link to the minutes of the AGM meeting held on 13 July 2021 and...

19 Aug 2022

Amended Notice of Annual General Meeting

The 2022 AGM will be held on Tuesday 6th September 3:00 pm BST / 4:00 pm CET via Zoom Details of the AGM will be emailed directly to EACTP members including joining instructions. You...

08 Aug 2022

CTA Fee Increase from 1st September

Please be advised that from the 1st September, the fee for the CTA Online Learning Course will increase from £1,725/€1,890 → £2,225/€2,490. You can lock in the current fee by completing your...

26 Jul 2022

Certified Turnaround Analyst: An Essential Accreditation For Your Staff

For any business, it’s important to ensure that your staff are equipped with all the necessary knowledge and skills to excel in their job and serve your clients successfully. Industry-based...

24 Jun 2022

The European Association of Certified Turnaround Professionals contributes to the CIGA Interim Repor

This week, the UK Government published the results of a study that reviewed the operation of the Corporate Insolvency and Governance Act (CIGA) 2020’s three permanent measures. Read the full...

22 Jun 2022

A Lifetime Achievement Award for Alan Tilley

Earlier this month, we were immensely gratified to see former EACTP President Alan Tilley receive the ‘Lifetime Achievement Award’ at the TMA Europe Annual European Conference in Madrid. Having only...

17 Jun 2022

The EACTP responds to the HBOS Reading Fraud Settlement Decision

This week, after years of campaigning, an acceptable compensation package has been proposed to redress the losses incurred by hundreds of business owners who lost life-changing sums of money when...

16 May 2022

Reviving Real Reconstruction Skills

Next month the TMA Europe Annual European Conference will take place on the 9th and 10th of June in Madrid. The theme of this year’s conference is ‘Recover, Reconstruct, Reimagine’....

13 May 2022

“You don’t have to change but then don’t expect your bottom line to either”

By Tyrone Courtman, RSM UK Restructuring Advisory LLP ‘You don’t have to change but then don’t expect your bottom line to either’ is often cited by business schools to inspire management...

13 May 2022

A quick practice update from the UK

By Maria Pombo, Director, BeRescued Business Consulting Ltd Early this year I have seen 2 important legislative changes in the UK that aim to tackle economic crime and investigate Directors...

20 Apr 2022

Can Businesses Recover in Times of Uncertainty?

This year, TMA Europe’s Annual European Conference will be hosted in Madrid on the 9th and 10th of June. The theme of this year’s conference is ‘Recover, Reconstruct, Reimagine’ and so for...

01 Apr 2022

Italian Focus

By Alberto Cerini, Expert in Corporate Turnaround & Financial Restructuring Italian Focus In Italy the current European crisis is having disruptive consequences on companies that, as in many other EU...

17 Mar 2022

War in Ukraine: European Businesses are Feeling the Heat

In 2020, the Covid-19 pandemic caused supply chain disruption the world over, forcing many businesses to find alternative suppliers, adopt new technology and conduct audits to ascertain the financial health...

25 Feb 2022

In all beginnings…

By Volker Beissenhirtz, Lawyer & Partner, CIC Consulting Partner GmbH, Berlin ...there is (normally) magic. But not this time around. Already before today, the ground was laid for an "interesting" year:...

18 Jan 2022

Viability Assessment in Corporate Debt Restructuring: Optimizing the Filtration Effect of the Europe

By Lydia Tsioli (King’s College London) Despite being pivotal in corporate debt restructuring, viability, an intricate notion with double meaning and double role, has not been systematically examined in Europe. Against...

18 Jan 2022

Viability Assessment in Corporate Debt Restructuring

By Lydia Tsioli (King’s College London) Viability Assessment in Corporate Debt Restructuring: Optimizing the Filtration Effect of the European Directive on Restructuring and Insolvency Despite being pivotal in corporate debt...

16 Dec 2021

“Traffic lights” - from yellow to red?

Read the latest articles from EACTP Board member Volker Beissenhirtz, including:  BGH against corporate zombies! Really? Corporate Finance: Bonds (in restructuring) The German economy in November 2021 - winter does...

14 Dec 2021

An end of year message from EACTP’s President Alan Tilley

2021: a great year for EACTP EACTP emerges as a well-respected and well-structured professional body, with a first-class education, examination and certification programme and with a leading faculty in Leiden University. ...

07 Oct 2021

Turnaround Management and CTPs CTPs Role in European Corporate Rescue & Recovery

EACTP Position Statement - extracts Certified Turnaround Professionals (CTPs) operational scope ranges from engagement as experienced transformation managers assisting businesses in the early stages of decline to address and remedy...

14 Sep 2021

The EACTP responds to the APPG on Fair Business Banking’s report:

‘Resolving Insolvency: Restoring confidence in the system’ Today, the All-Party Parliamentary Group (APPG) on Fair Business Banking released its report, ‘Resolving Insolvency: Restoring confidence in the system’. The EACTP is pleased to have contributed to the report and welcomes its findings....

21 Jul 2021

A Tsunami of Insolvencies or the March of the Zombies?

By David Bryan, President of TMA Europe Making sense of the outlook for business distress and potential insolvencies is particularly difficult as we start to emerge from more than sixteen...

21 Jul 2021

Turnaround – do we still have the right focus?

By Dr Volker Beissenhirtz of Beissenhirtz Business Law “It’s not just about doing the right things, but doing things the right way.” Peter Drucker German insolvency law has been a permanent construction...

21 Jul 2021

Saving shareholder value by avoiding insolvency

By Alan Tilley President, President of EACTP Originally published in the July 2021 edition of the Confederation of British Industry's online journal. A viable SME company is rescued under the...

21 Jul 2021

UK Pre-packed lunch

By Maria Pombo, BeRescued and EACTP Finance Director When the email from my barrister arrived in my inbox titled Pre-packed Lunch, the first thing I thought “well let’s see what’s...

21 Jul 2021

Where is the WHOA?

By Tom Reijnen, Kruger Interim Management After years of preparation and multiple consultation rounds, the Act on the Confirmation of an Extrajudicial Restructuring Scheme (the Dutch Scheme (‘WHOA’)) has entered...

29 Apr 2021

EACTP education programme open to aspiring turnaround professionals

PRESS RELEASE; Thursday April 29th, 2021 EACTP’s education training and certification programme run in conjunction with Leiden University goes live and online from May 3rd. It is open to both...

24 Mar 2021

Sound risk for more than 36% of Italian companies, opening the door for effective turnaround

By Alberto Cerini, Head of Corporate Turnaround & Restructuring at Studio Temporary Manager SPA In Italy financial rating at risk for 36% of companies with turnover between 5 and 50...

15 Mar 2021

Recording - Turnaround in 2021: A new playing field, new rules and new tools

This is a recording of our online event that took place on 15th March 2021. There is light at the end of the tunnel for those many businesses affected adversely...

04 Mar 2021

Romania – the challenge to get turnaround right

By Valentin Voinescu & Cătălina Dan of Nestor Nestor Diculescu Kingston Petersen Background Turnaround and restructuring have always been difficult in Romania. Companies rarely turn to out of court proceedings, mostly due...

04 Mar 2021

The silent administrator for pre-pack bankruptcy arrives in Spain

By Manuel Gordillo, Partner, Abencys The Mercantile Courts of Barcelona have recently developed guidelines for pre-pack transactions (the “Guidelines”) that imply the introduction of the Silent Administrator in Spain, following...

04 Mar 2021

The simplified restructuring proceeding: a new restructuring tool in Poland

By Daniel Radwański, Head of Insolvency & Restructuring, Schönherr Warsaw The year 2020 will no doubt be remembered for COVID-19. The pandemic has shaken our societies and profoundly affected our...

01 Mar 2021

Online Event - Turnaround in 2021:  A new playing field, new rules and new tools

There is light at the end of the tunnel for those many businesses affected adversely by a year of lockdowns. In the Board rooms of Europe directors are grappling with...

01 Feb 2021

Event recording: RIP 2020 and Outlook 2021

In this online event, Alain Le Berre of Alpaha Corporate Finance, Gert- Jan Boon of Leiden University and Hadrien Salin, CEO & Founder of Tosca Capital discussed: - Significant legal...

18 Jan 2021

Online event: RIP 2020 and Outlook 2021

Join our speakers Alain Le Berre of Alpaha Corporate Finance, Gert- Jan Boon of Leiden University and Hadrien Salin, CEO & Founder of Tosca Capital who will be discussing: Significant...

08 Jan 2021

Wishing you a happy, prosperous and fulfilling 2021

Dear Member So good bye 2020. Enough said! A difficult year on many fronts but at EACTP we have made considerable progress. After considerable efforts from Board members in finalizing...

16 Dec 2020

Save the date: RIP 2020 and Outlook 2021

Join us for this online event on 22nd January at 11am UK time/ 12pm CET Speakers: Alain Le Berre, Alpaha Corporate Finance Gert- Jan Boon, Leiden University Hadrien Salin, CEO...

15 Dec 2020

Finetuning company operations during the Covid-19 trade slowdown

As businesses across the country hop from tier 2 and tier 3 due to the coronavirus pandemic and restaurants face tighter restrictions, many shopfronts are being forced to temporarily close...

10 Dec 2020

Covid-19 - Light at the end of the tunnel? What next?

By David Bryan, CEO of BM&T As we head towards the end of what has been a very eventful 2020, the news of potential vaccine success has brought a bit...

04 Dec 2020

WHY are some leaders or organisations more successful than others? Time for a New Year’s Resolution?

Have you ever questioned why it is that some businesses fail, and others do not? Why are some individuals more successful than others? What really are the ingredients of success?...

03 Dec 2020

Is the UK’s HMRC short sighted in restoring Crown Preference?

Is the UK’s HMRC short sighted in restoring Crown preference at a time when many SME’s and their lenders are already struggling?  From 1 December 2020, arrears of crown debts...

03 Dec 2020

Italy and the second wave: a Country struggling between a virus, EU and G20

by Enrica Maria Ghia Partner at Studio Legale Ghia Founder of JurisNet and VP International at TMA Global Here we are, back again. The nightmare is back and for reasons...

03 Dec 2020

Deloitte’s sale of its UK restructuring arm is back on

Deloitte restructuring and insolvency staff in the UK  were informed on Friday 6 November that the Big Four’s global partnership has given the green light for a sale, reversing an...

02 Dec 2020

EACTP 2020 Annual General Meeting

The EACTP Annual General Meeting took place on 17th November. Please click here to read the minutes.

05 Oct 2020

EACTP announces European exam-based training and accreditation system for turnaround professionals

PRESS RELEASE – October 5th 2020 The first European exam-based training and accreditation system for turnaround professionals has been established, coinciding with legislation making academic qualifications increasingly relevant for people...

04 Sep 2020

New Dutch insolvency law, WHOA

By Jantine Hak of Kruger INTRODUCTION The Dutch bankruptcy law is 125 years old, very solid, but in some parts outdated. For example, the 1893 Bankruptcy Act does not take...

04 Sep 2020

Message from EACTP President, Alan Tilley

A milestone in EACTP development This month EACTP reaches an important step in the progress of our Education and Certification programme. We have reached a cooperation agreement with Leiden University...

01 Sep 2020

US Chapter 11s - Are they superior to European processes?

By John Willcock of Global Turnaround magazine Does the current boom in US Chapter 11s compared to generally quiet bankruptcy markets in Europe demonstrate the superiority of the American process,...

01 Sep 2020

Transformations in the Romanian economy

By Catalin Nichifor On May 18th, 2020, Romania switched from lockdown to state of alert (situation still in place until end of September), forcing the government to provide on some...

01 Sep 2020

Now is the time for true operational turnarounds

Having spent the early part of his career managing businesses before entering the turnaround field, Alan Tilley has strong views about the need for true ‘hands-on’ operational turnarounds, as businesses...

24 Jul 2020

Registration open for 2020 Online TMA Annual European Conference

The 2020 Annual European Conference moves online this September. Following unprecedented global change over recent months, these two half-day sessions will explore key issues facing the industry and take a...

04 Jun 2020

Amending insolvency legislation in response to the COVID-19 crisis

By Gert-Jan Boon, Leiden University (The Netherlands) The COVID-19 (corona) virus has reached pandemic status. It currently spreads over the world and is expected to infect a majority of all people...

04 Jun 2020

UK introduces 20-day moratorium - but still no DIP financing

John Willock, editor of Global Turnaround  The UK’s long-awaited Corporate Insolvency & Governance Bill prompted by the Covid-19 crisis was finally put before Parliament today, and will come into force...

04 Jun 2020

The German “COVInsAG” – in practice

By Dr Volker Beissenhirtz of Beissenhirtz Business Law After a rather short discussion on the various measures necessary to counter the economic effects of the corona virus pandemic (cf. for...

29 Apr 2020

Proposed new UK Insolvency legislation

To UK members from Alan Tilley, EACTP president In 2015, anticipating the EU Directive that required member states to introduce pre insolvency consensual restructuring processes the UK Government undertook a review...

22 Apr 2020

Coronavirus (COVID-19) crisis—Is keeping calm & carrying on enough?

Restructuring & Insolvency analysis: Peter JM Declercq of DCQ Legal looks at what the coronavirus (COVID-19) crisis means for those working in the restructuring & insolvency (R&I) sector.  Introduction  What...

21 Apr 2020

Essay on Covid19 and Insolvency measures in Italy

By Domenico Benincasa, Francesca Burigo and Carlo Ghia Italy’s national lockdown in response to the Covid-19 health emergency has been adopted from March 9th, 2020. Several contingency rules aimed at containing...

15 Apr 2020

UK Government to Temporarily Suspend Wrongful Trading Provisions in Response to Covid:19

On 28th March the Business Secretary, Alok Sharma, announced several new measures to help businesses through the financial impact of Covid:19 so they can emerge in-tact once the crisis is...

09 Apr 2020

Addressing the financial and operational challenges caused by COVID-19

Financier Worldwide Magazine discusses how to address the financial and operational challenges caused by COVID-19 with Alan Tilley, David Bryan and Matthew Quade at BM&T European Restructuring Solutions. FW: Although we...

17 Mar 2020

Entering Uncharted Waters: Surviving the Economic impact of Coronavirus

The economic consequences of the Coronavirus epidemic have heavily impacted stock markets worldwide as investors quantify and manage the risks in underlying businesses often by quickly disposing of their investments....

09 Mar 2020

Creating Value with Operational Intervention

by Francesco Liistro ​Private equity has gotten a bad rap throughout the years, thanks in part to the popular image of an uncaring operator who buys and sells companies without...

09 Mar 2020

EU: “Preventive Restructuring Mechanism” – implementation in Germany

By Volker Beissenhirtz of Beissenhirtz Business Law The deadline for the European legislators to implement the EU “Restructuring Directive” is set for the 17 July 2021. However, The German Ministry...

01 Mar 2020

Human Factors: The Dangers of ‘Confirmation Bias’

By Tyrone Courtman, Restructing Expert  Some of you may be aware that I have a passion for all thing’s aviation, which stems from my childhood dream to become an airline...

17 Jan 2020

Welcome to 2020!

EACTP now has a new president, Alan Tilley, and this year we are embarking on a campaign to give CTPs a voice. The Turnaround industry has been taken over by...

08 Jan 2020

CVA’s; The Missing Ingredient

An interesting article in the influential London newspaper The Times on January 7th, 2020. It refers to a report from Colliers, a respected UK commercial property adviser, that states that...

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For more events of interest please see TMA Europe’s events page.

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