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Goodmans News & Events

Goodmans at the INSOL International - 8th Quadrennial Congress


Lawyer Robert Chadwick, Gale Rubenstein, Graham Smith
Area Corporate Restructuring


June 21 - 24, 2009
Vancouver, British Columbia

Co-Chair:  Jay Carfagnini, Partner, Goodmans LLP

Sunday, June 21, 2009
9:45am – 10:45 am:  Corporate Governance in a Turnaround Environment

Chair:  Gale Rubenstein, Partner, Goodmans LLP

Tuesday, June 23, 2009
10:15 am – 11:15 am:  The blame game: Director and officer liability across the world

Speaker:  Rob Chadwick, Partner, Goodmans LLP

This session will cover:

  • Mega numbers, complex structures, diverse and ever-changing stakeholders, cross-border considerations, new legal frameworks
  • Who would be a director of a company in financial difficulty?
  • What different jurisdictions across the world expect of their directors when companies are in ‘the Twilight Zone’

2:30 pm – 3:30 pm:  Chapter 15 – COMI and recognition debate

Speaker:  Graham Smith, Partner, Goodmans LLP

This session will cover:

  • The availability of relief under Chapter 15 of the US Bankruptcy Code
  • How the scope of relief varies with the nature and extent of the company’s connections to relevant jurisdictions
  • Chapter 15 - an effective tool for restructuring non US insurance companies?


Governing a corporation in times of turmoil is challenging and poses difficult issues concerning the relationship between the board and management and the duties of the board to different stakeholders as the corporation goes through different stages of crisis. The panel will discuss fundamental principles of governance, their practical application in a turnaround environment and the experience in different jurisdictions.

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