Thursday, 16 May
14:30 - 16:30
Amphitheatre, General Staff Building (6-8, Dvortsovaya sq.)
It has recently become more evident than ever that our perception of operations in insolvency proceedings is changing under the influence of mass-scale changes in IT domain. Artificial intellect, computer systems, e-document flow – all these things change our view of a legal domain. There are some directions that have already become or are becoming just now inseparable from new technologies.
Every professional engaged in insolvency procedures inevitably uses digital information resources that have developed in the recent years from doubtful incomplete and hardly reliable data sources to appropriate information systems. The established resources containing information on litigations, including insolvency cases, such as kad.arbitr.ru and the Unified Federal Register of Data on Bankruptcy are much more user-friendly than traditional hard-copy archives. However, new challenges are permanently appearing in this field. There are still no reliable statistics free from information glut and original data misrepresentation. Insolvency analytics and insolvency litigations forecasting based on big data are only being devised.
Digital technologies have also gradually changed our perception of auctions. It is hard to believe that some ten years ago the idea of electronic auctions within an insolvency procedure looked innovative but hardly implementable. And now it is quite natural while traditional auction procedures are perceived as obsolete. One should just have a look at estate sales upon enforcement to see the progress achieved in insolvency procedures, despite all drawbacks of forward auctions.
New technologies also provide for substantial reduction of insolvency procedure support costs thanks to automation of the most typical transactions, and for serious decrease in the number of technical errors (such as missing vitally important deadlines). The issue is resolved by special software. There are special software applications facilitating insolvency administrators’ operations and giving them the opportunity to plan, to publish messages and to draft master documents. Bankro.TECH – a complex product matching all types of insolvency parties, claims being very special. It organizes the key data on the case, classifies all and any individual disputes and related cases, provides for electronic meetings of creditors and committees of creditors, simulates the outcomes of the meetings.
Digital technologies applicable to enforced recovery not only create new opportunities and challenges but also add new risks to the customary environment. The risks of loss or misrepresentation of digital data or unauthorized access thereto appear. And we become more dependent on gadgets as no appropriate work is possible without them any more. The increasing transparency of the insolvency environment enhances the responsibility as any action may become visible to everybody, and, as the result, some parties not ready to work in the changed environment may leave the market.
The abovementioned issues will be discussed by digital insolvency professionals, developers of special software, representatives of the professional community, Russian and foreign lawyers.
Senior partner, Attorneys at law "Forward Legal", Russian Federation
Head of enforcement and bankruptcy division, Department of distressed assets, SBERBANK, Russian Federation
Ruth Ellen Duncan
Director, Maxwell Davies Ltd, United Kingdom
Professor, Bar Ilan University, Israel
1997-1995: NYU School of Law, J.S.D.
1995-1994: NYU School of Law, LL.M. (Corp. L.)
1993-1989: Bar-Ilan U. School of Law, LL.B. (magna cum laude)
2016: "Focused Management" - Managerial Workshop, "Lahav" Institute, The Coller Faculty of Management, Tel-Aviv U
2014-2015: "Elca" (by JDC) – The Leadership and Management Program for the Government's Senior Staff
2017: Supreme Court of Israel, the lead candidate for Justice (outside the judiciary system)
2011-2017: The Guardian General and Official Receiver of Israel
2017-2014: The Liquidator of the Israel Broadcasting Authority (IBA)
2013: The Committee for Legal Defense and Participation in Legal Expenses for Government Officers and Employees
1998-Present: Bar-Ilan University School of Law, Faculty Member (Professor)
2002-2001: Fordham University School of Law, New York, Visiting Professor, teaching The Law of Corporations
1999-2001, 2002-2004: Hebrew U. School of Law, Adjunct Professor, teaching Corporate Law, Corporate Reorganizations
2002-2003: Tel-Aviv U. School of Law, Adjunct Professor, teaching Secured Transactions
1996-1997: Gordon, Altman, Butowsky, New York, Associate in the Corporate and Bankruptcy departments – examining and drafting legal opinions on financial loan agreements, preparing litigation motions in Chapter 11 (including Marvel Entertainment) and SIPA cases
1994: Yigal Arnon & Co., legal intern – drafting corporate material and preparing legal material in the criminal defense case of MK Arye Deri
1993: The Supreme Court of Israel, intern of Justice Gabriel Bach
1995: Admitted to the New York Bar
Since 1994: Member of the Israel Bar
Membership in International Organizations
Since 2016: International Insolvency Institute (III), member
Since 2014: International Association of Insolvency Regulators (IAIR) – Arranged for the joining of Israel as a Member State and serving as its first representative
Since 2013: World Bank, Task Force – Insolvency and Creditor/Debtor Regimes, participant
Since 2011: United Nations Commission on International Trade Law (UNCITRAL), Israeli representative to Working Group V (Insolvency Law)
Since 2003: INSOL International, Academics Group, member
Executive Director, Russian Informational Technologies
First deputy CEO, Auction House of the Russian Federation
Director for Development of Projects, Interfax Information Group; Head of Fedresurs, Russian Federation
* The Programme may be subject to change
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