Paul H. Silverman was an invited speaker on the future of insolvency at the INSOL Europe Annual Congress
September 24, 2011
Paul H. Silverman was an invited speaker at the INSOL Europe Annual Congress, on INSOLVENCY 2.0, the future of insolvency, held between 22 - 25 September, 2011 in Venice, Italy. He was one of only 7 U.S.A. attendees at this conference of European based law, finance and accounting specialists.
Mr. Silverman remarked that risk is inherent in lending to or receiving from an entity in the midst of a cash strain, but then that is just when the reward is most inviting and rewarding. That stated, to make intelligent choices one must take counsel to identify, to limit and then to quantify and to compare risk against reward in order to retain the benefits of this financial risk.
What are the risks, how do you identify and ring-fence the risks, making it feasible to quantify the risks. And once quantified, how to determine the level of acceptable risk for the likely risk involved? And then once the risk turns into an event how to defeat recovery efforts after a leveraged buy-out against an investor, lender, officer, director and shareholder?
INSOL Europe Annual Congress, Insolvency 2.0, the future of insolvency, September 2011