Insolvencynews.com has today launched the categories and criteria for the Turnaround, Restructuring and Insolvency (TRI) Awards – the first step in a major rebrand for the scheme.
Formerly known as the Insolvency & Rescue (I&R) Awards, the renamed TRI Awards scheme, sponsored by Capa, has been refreshed with several new categories to reflect the critical work that is now prevalent across the profession – particularly in turnaround and restructuring.
Now in its ninth year, the scheme will continue to champion experts undertaking outstanding work in corporate rescue, as well as those making critical investments in distressed and struggling businesses.
It will also continue to provide recognition for senior professionals leading the way in creditor engagement, as well as lawyers, insolvency teams, invoice finance firms, training providers, technology suppliers and many others, that are providing consistent, excellent service to clients.
But this year, for the first time, it will more specifically celebrate experts in the field of turnaround and restructuring. This year, some of the eight new categories include:
- Turnaround Investor of the Year;
- Turnaround of the Year (Business or Investment);
- Turnaround Fund of the Year;
- Turnaround Firm of the Year;
- Corporate Restructuring IP of the Year;
- Corporate Restructuring Lawyer of the Year.
Luke Broadhurst, Managing Director of Athene Publishing, said: “I am enormously impressed with the quality, care and sheer volume of thought and work that has gone into the evolution and development of the leading awards for the turnaround, restructuring and insolvency industries.
“Standard practise each year sees our team assess and evaluate the industry to ensure the Award categories accurately reflect the industry, but this year we took the decision to take the scheme back down to its skeleton and rebuild. The team and our independent panel of judges, led by Stephen Allinson and Bob Pinder, have ensured that the result is a supremely positioned, completely honed, and positively defined awards scheme fit for now and the future. We are proud to introduce the ‘TRI Awards’.”
Once again the judging panel will comprise the ICAEW (with the ICAEW co-chairing the panel), the IPA, banks such as HSBC and insolvency and restructuring experts from PwC, KPMG, Shoosmiths, Begbies Traynor, Baker Tilly and many more established names.
Stephen Allinson of Shoosmiths noted: “It is a great pleasure once again to be joint Chairing these awards and to be part of a process which has developed it’s excellent brand over recent years. The new fresh approach gives an opportunity for those across the whole spectrum of the industry to showcase their achievements in all sectors and I am sure we will receive high quality submissions in all categories and that the awards ceremony will cement it’s place as a central night in the restructuring, turnaround and insolvency calendar.”
Bob Pinder, Regional Director of Professional Standards at ICAEW added: “In recent years there has been a shift away from formal insolvency to more upstream turnaround and restructuring work. In championing the leaders of the profession I am delighted to see that the annual awards ceremony is keeping pace with the evolution within the industry.”
This year the TRI Awards will be hosted on October 19 at the London Hilton on Park Lane.
By Lauren McWilliams