Welcome to the TMA Europe website
Since TMA established its first European chapter in 2001 restructuring has become increasingly global, and in Europe, more closely integrated. Jurisdictions have changed legislation to facilitate value preservation by adopting better practices from other jurisdictions. Professionals have responded by guiding client restructuring to benefit from more favourable jurisdictions within the EU by using EU regulations to change the Centre of Main Interest (COMI). Governments have responded to this 'forum shopping' by legislation change.
TMA local Chapters have been at the forefront of promoting much of this change with the result that today European restructuring professionals have more and better tools in their toolkit for the benefit of employment and economic value preservation. There is still much to do. TMA Europe serves as a forum for interchange of ideas and a networking opportunity to develop relationships across the many countries of the continent through regular newsletters and the TMA Europe annual conference.
Introducing the EACTP
The first European professional body dedicated to promoting the accreditation of Turnaround Management professionals across Europe.
Harmonising standards of education, training and practical experience across a multi-jurisdictional economic area to bring distinct benefits for both the Practitioner and buyer of Turnaround Management expertise alike. Promoting professional practice through stringent admission and membership criteria the
EACTP provides a premium-level additional qualification recognising the breadth and depth of the practical and professional skills required by individuals in Turnaround and Restructuring practice.
In 2012 Europe shall face tough times and the euro as a currency shall be challenged. Turnaround, change and corporate renewal shall become increasingly important for companies to survive and for the economies to deal with their sovereign debt and get back in growth.
I am delighted to have been asked to become TMA Europe’s President for 2013. 2013 is set to be an exciting year for TMA Europe as well the world of restructuring in Europe.