Turnaround, Restructuring & Insolvency Forum 2023: Opening Remarks

[Music] your excellencies ladies and gentlemen it's my pleasure to welcome you to the second turnaround restructurings and insolvency Summit in this year's Abu Dhabi Finance week under asset Abu Dhabi I am Maria Gonzalez from strategic Communications firm PRC partners and it is an honor to be here today in the capital of capital to take you through this afternoon's agenda Under The Core theme of Finance week investing in the transition era today's TR Summit will focus on the Dynamics of restructuring and special situations if change is the only constant then today companies face a faster transition than ever before following a sustained period of relative calm the macroeconomic and geopolitical Landscape shifted abruptly in 2020 and companies largely continue to face the resulting supply chain volatility technological disruption volatile consumer demand and Rising interest rates the world over and while the Middle East remains a favorable place to navigate prevailing global economic headwinds companies must still put in place the best Capital Management structures to cope with possible challenges and seize opportunities as the Region's trans transformation accelerates so today we will spend time exploring these key challenges and opportunities across sectors and geographies and determine where the winners and losers May lie please join me in kicking up today's TR Summit our first session of the day will explore the future of distressed assets every distressed investment cycle is different and the dislocation in the capital markets today is likely to usher in a new era in the financial markets please welcome our first panel mubasher mukadam founder and CIO of special situations fund Blan Capital Vias paperwall senior managing director and leader of FDI Consulting Middle Eastern Africa naven bajani managing director of debt advisory restructuring and special situations at Rothchild and M bages malde Global head of globeop and ssnc Technologies with moderator Laura qua Gardner Deputy editor of debtwire