The programme is designed to cover the various aspects involved with the restructuring of distressed companies. The outline of the programme follows the restructuring process and can be divided into the following parts:
- Basic concepts: understanding the causes and symptoms of distress and primers in finance (e.g. valuation and debt capacity analyses), legal (e.g. principles of bankruptcy law) and operations (e.g. stakeholder management, negotiation and leadership).
- Operational: turnaround management from managing the early days of the crisis to implementing a turnaround plan.
- Financial: managing and negotiating with creditors to reach an agreement on a financial restructuring.
- Legal: understand the legal framework of the restructuring process and negotiate composition plans out-of-court as well as in-court.
The application of acquired knowledge and skills through case studies and guest lectures on industry best practices forms an important part of the curriculum.
Further professionalisation in corporate restructuring
The introduction of the WHOA regulation in January 2021 in the Netherlands triggered a drive among corporate restructuring professionals to further enhance the level of professionalism in their business. This professionalisation of the sector is one of the main goals of the new Dutch Restructuring Association (Nederlandse Vereniging voor Herstructurering). In close collaboration with the Vrije Universiteit Amsterdam, this new executive programme was designed by member professionals and academics in the Netherlands and abroad.
Focus areas are crisis management, stakeholder management, understanding stakeholders’ positions and legal options, and managing the restructuring and negotiation process. It considers out-of-court as well as in-court restructuring, including restructuring processes under the new WHOA regulation. As part of the programme, you will understand the perspective of major players such as bankers, distressed debt and equity investors, company CEOs and CFOs, and their advisors. You also develop insights into important turnaround topics such as legal proceedings, valuation and debt capacity analysis.
Lectures are held by a balanced mix of top speakers from the Netherlands and abroad.
Edward Altman (Max L. Heine Professor of Finance, Emeritus at the Stern School of Business)
Herbert Rijken* (Professor of Finance at VU School of Business & Economics)
Wim Holterman (Professor of Business Valuation at the University of Groningen and partner at Value Insights)
Reinout Vriesendorp (Professor of Insolvency Law at Leiden University Law School)
Steven ten Have (Professor of Strategy and Change at VU School of Business & Economics)
Michael Veder (Professor of Private Law at Radboud University)
Job Mangelmans* (Senior Lecturer of Finance at VU School of Business & Economics)
Stefaan Vansteenkiste (Managing Director at Alvarez & Marsal)
Gijs de Reuver (Managing Director at Houlihan Lokey)
Sebastiaan van den Berg (Partner at RESOR)
Ferdinand Hengst (Partner at De Brauw Blackstone Westbroek)
Hans Haanappel (Partner at Value Insights)
Jeroen Reiziger (Partner at Trip Advocaten & Notarissen)
Ruud van der Steeg (CFO Euro Pool Group)
Marc van Zanten (Partner at CMS)
Marjette Wouters (Judge at Rechtbank Amsterdam)
Ron Cats (Senior Judge at Rechtbank Den Haag)
Elsbeth de Vos (Senior Judge at Rechtbank Amsterdam)
Jurgen van Breukelen (Chairman of the Board at Edge and Board Member at Damen Shipyards Group)
Koos Beke (Director Deals PwC)
Omar Salah (Professor of Global Finance and Restructuring Law at Tilburg University and partner at Norton Rose Fulbright)
Arthur Staal (Vice President Goldman Sachs Asset Management)
Frank Mulders (Partner and Head of Corporate Finance & Valuations at KPMG)
Khing Oei (Distressed and Special Situations Investor)
Guido Grobbink (Partner at Standard Investment)
Christiaan Podt (Head of Financial Restructuring International Clients at ABN AMRO Bank)
Paul Kuipers (Partner Linklaters LLP)
Christiaan Zijderveld (Partner Houthoff)
*programme coordinators
