ShapingThe Future

CANADIAN ASSOCIATION OF INSOLVENCY AND RESTRUCTURING PROFESSIONALS

CAIRP Annual Conference 2009Deerhurst Resort, Huntsville ON

Annual ConferenceCommittee

Chair Angela Pollard, CIRPPollard & Associates Inc.

Vice-Chair Yvonne Sutton, CIRPMeyers Norris Penny Limited

Stuart Clinton, CIRPErnst & Young Inc.

Peter Farkas, CIRPRSM Richter Inc.

Andy Fisher, CIRPA. Farber & Partners Inc.

Jay Harris, CIRPHarris & Partners Inc.

Bryan Tannenbaum, FCIRPDeloitte & Touche Inc.

Board Liaison Colleen Craig, CIRPC.E. Craig & Associates Inc.

Observer Professor Janis SarraUniversity of British Columbia Faculty of Law

Program Participation 13 MPD Hours

Message From The Committee

Sponsor Recognition

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Executive Partners

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oairpServing Our Members across Ontario

We are delighted to invite you to the CAIRP Annual Conference 2009. In celebration of our30th anniversary, we have extended an unprecedented opportunity to industry colleaguesacross the country, to join our members for the first time for what promises to be a valuable,all-encompassing experience.

In our leadership role, CAIRP is committed to delivering the highest-quality educationalprograms nationally, to provide industry practitioners with vital information on diverseissues and developments pertaining to consumer and commercial insolvency.

At this year’s Annual Conference, attendees will have the extraordinary opportunity to hearan esteemed faculty of experts discuss a variety of salient topics, as well as participate in aseries of stimulating, interactive breakout sessions. But it’s not all work and no play. We recognize that there is a certain level of intensity associated with our day-to-day work and,in particular, current market conditions. We have therefore ensured that our conferencesatisfies all aspects of self-development – integrating learning, networking, social functions, and a variety of leisure activities for those in attendance, as well as spouses, significant others and children.

We look forward to you joining us, and trust that your experience at the CAIRP Annual Conference 2009 will be a rewarding one.

BESTSMALL &MEDIUMEMPLOYERS IN CANADA

10 Year Anniversary 1998•20085970

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Annual Conference Program 2009

Shaping The FutureAnnual Conference 2009

Wednesday, August 1910:00 am Pre-Conference Networking Golf Tournament

Grandview Golf Club

5:30 pm Opening Night Cocktail ReceptionThe Rotunda

6:30 pm Opening Night Keynote DinnerPeninsula RoomWelcome Remarks from Alan Spergel, CIRP, CAIRP ChairKeynote SpeakerRex Murphy, Journalist, Radio & TV Host

Thursday, August 207:30 am Breakfast

Eclipse Dining Room

8:30 am Opening Remarks

8:45 amWaterhouse Ballroom 4-5Keynote SpeakerSusan Schadler, M.Sc., Economist, Washington

Ms. Schadler was the former Deputy Director of the European Department of the IMF (International Monetary Fund) and is currently a Senior Associate Member of St. Anthony’s College of the University of Oxford, and Associate Fellow Chatham House, London, England. Ms. Schadler will speak about the underlying causes of the global financial crunch, and what must be done to alleviate disruptions and reduce the risk of future crises.

10:00 am Networking Break

10:30 am

Recent Case Law Dealing With Personal Insolvency Matters, Including Taxation Issues, Gambling, Increased Volume And RRSPsWaterhouse Ballroom 1-3Registrar Murray Blok, Supreme Court of British ColumbiaRegistrar Scott Nettie, Superior Court of Justice of OntarioJane Martin, Page, Martin LLP

One of the key strategies for effectively operating a personal insolvency practice is to remain current on the ever-changing and challenging issues occurring on the front lines of the Registrar’s courts. This is an outstanding opportunity to hear from representatives of the Registrar’s community from across Canada, as well as a senior insolvency counsel’s interpretation on how these decisions affect trustees.

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Session 2 Breakout

Session 1

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Annual Conference Program 2009

Thursday, August 20Dealing With Cross-Border Insolvencies, Chapter 15 And Trends In Chapter 11 Proceedings

Waterhouse Ballroom 4-5The Hon. Madam Justice Elizabeth S. Stong, U.S. Bankruptcy Court, Eastern District of NYThe Hon. Mr. Justice Geoffrey Morawetz, Superior Court of Justice of OntarioChris Besant, Baker & McKenzie LLP

The Canadian and US economies are more integrated than ever, and it is vital that insolvency practitioners stay informed about practices south of the border. This session will review the latest Chapter 11 developments and Chapter 15 proceedings.The panel will discuss DIP financing availability, or the lack thereof, the growth of liquidating Chapter 11’s, recognition of a Canadian order and when to start plenary proceedings in the US, as well as factors for enforcing US judgments.

The Challenges For Insolvency Practitioners Facing Financial Scandals (French)Lawren Harris RoomJean Gagnon, CIRP, Raymond Chabot Inc. Alain Tardif, McCarthy Tétrault LLP

In difficult times, creditors pursue all available avenues to mitigate their losses and/or diminish their negligence when dealing with insolvent parties. Panelists will discuss if professionals who provide guidance to these insolvent parties could beliable to third parties for opinions given.

12:00 pm Networking LunchEclipse Dining RoomGenerously Sponsored by Überbase

1:30 pm

Amendments To The Consumer Legislation And The Effects On The Administration Of Estates, Recovery For Creditors And CRA’s Position On After-Acquired Property And Discharge Of Bankrupts Waterhouse Ballroom 1-3The Hon. Mr. Justice Stanley Kershman, Superior Court of Justice of OntarioRegistrar Janet Mills, Superior Court of Justice of OntarioAlex Ilchenko, Lang Michener LLPDiane Winters, Justice Canada

Expert panellists will discuss recent amendments to the BIA and the effects on consumer practices, as well as the impact on the trustee’s administration of estates and recovery for creditors. Senior Counsel from the Department of Justice will focus on the CRA’s position with respect to after-acquired property and how the amendments will affect the bankrupt’s discharge.

Lessons From Recent MandatesWaterhouse Ballroom 4-5The Hon. Mr. Chief Justice Donald Brenner, Supreme Court of British ColumbiaDr. Janis Sarra, Assistant Dean, University of British Columbia, Faculty of LawDerrick Tay, Ogilvy Renault LLP

A distinguished panel of insolvency professionals will offer enlightening perspectives on lessons learned from recent restructuring and insolvency proceedings, which will undoubtedly shape the future of professional practices. Given recent turbulent economic times, this discussion will address matters of significant impact .

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Session 3 Breakout

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The Restructuring Process From The Financial Institutions’ Point Of View (French)Lawren Harris RoomD. William (Bill) Kennedy, Vice-President Special Loans, National Bank of Canada Jean Gosselin, Senior Manager Special Loans, National Bank of Canada

Special Loans representatives will focus on strategies of value and timely services that can be provided by insolvency practitioners to assist in their valuation of offside loans. In addition, the panel will discuss, from the bankers’ perspective, formal restructuring proceedings, including the determination of which statute to follow and the benefits or disadvantages of DIP financing.

2:45 pm Networking Break

3:15 pm

Demographics Of Insolvency Practitioners – Succession Planning, Valuation And Structural IssuesWaterhouse Ballroom 1-3Andy Fisher, CIRP, A. Farber & Partners Inc.John Campbell, Hilborn Ellis GrantDavid Malach, Aird & Berlis LLP

It’s a fact that the trustee population is aging and there are fewer numbers of new practitioners entering the profession. This presents unique challenges. Leading experts will discuss succession planning, including strategies for valuating a practice and the tax consequences for either transferring or selling a practice.

Bailout: What Has Transpired And The Effect On Labour, Union And Pension Waterhouse Ballroom 4-5The Hon. Mr. Justice Colin Campbell, Superior Court of Justice of OntarioKen Rosenberg, Paliare Roland Rosenberg Rothstein LLPGale Rubenstein, Goodmans LLP

The implications of government’s involvement in the economy will be addressed, as well as legislative changes and conditions tied to the funds advanced to struggling industries. Will the government’s efforts to minimize job losses and the relationship between labour and management impact future restructurings? Is this the beginning or end of government intervention? Will temporary measures to allow more time to fund pension deficits become permanent? How will these developments impact insolvency restructurings in the future?

Technical Update (French)Lawren Harris RoomAlain Tardif, McCarthy Tétrault LLP

Mr. Tardif will discuss recent developments in case law related to commercial and personal insolvency issues, and the impact on insolvency practices.

4:30 pm Sessions Conclude

6:00 pm BBQ At The PointCasual dinner for all attendees and their families at the watersideGenerously Sponsored by Überbase

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Session 4 Breakout

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Annual Conference Program 2009

Friday, August 217:30 am Breakfast

Eclipse Dining Room

9:00 amEconomic Conditions Across Canada And The Future LandscapeWaterhouse Ballroom 4-5Keynote SpeakerAvery Shenfeld, Chief Economist & Managing Director, CIBC World Markets

Avery Shenfeld will look ahead at the prospects for recovery in the Canadian and global economies, as well as the implications for financial markets.

10:15 am Networking Break

Program Concludes For Non-Members

10:45 am 31st Annual General MeetingWaterhouse Ballroom 4-5

11:30 am Morning Sessions Conclude Lunch and leisure activities not scheduled by CAIRP

12:00 pm Closing Conference Golf TournamentsDeerhurst Highlands and Lakeside Golf Courses

6:45 pm Chair’s ReceptionThe RotundaGenerously Sponsored by Asset Inc.

7:15 pm Chair’s BanquetPeninsula RoomEntertainment by After MidnightGenerously Sponsored by Firstbrook, Cassie & Anderson Ltd.

Saturday, August 227:30 am Breakfast

Eclipse Dining Room

9:00 amHot Topics For Insolvency TrusteesWaterhouse Ballroom 4-5Jim Goth, CIRP, Goth & Company Inc.Allen MacLeod, CIRP, D. & A. MacLeod & CompanyLarry Prentice, FCIRP, Ernst & Young Inc.

A dynamic panel of Chartered Insolvency and Restructuring Professionals will deliver the widely-popular annual overview of current issues affecting trustees’ practices. Audience members will be invited to participate in this interactive session, and share perspectives and experiences with industry peers.

10:30 am Conference Concludes

Session 5

Session 6

General Information

CAIRP Annual Conference 2009 At Deerhurst

Leisure Activities

With three outdoor pools, a lakeside water park and sandybeach, as well as mountain biking, hiking, golf, tennis, sailing, windsurfing, waterskiing,fishing, hummer tours, ponyrides, boat tours, woodland trailrides, volleyball and more, children and adults can enjoyendless activities, includingworld-class spa services.

Children’s Programs

Deerhurst Resort, in conjunctionwith the YMCA, offers half-dayand full-day supervised programs for children from 18 months to 12 years of age,7-days a week during the summer months. Activities include arts and crafts, games,sing-a-longs and other fun outdoor play. Babysitting services are also available.

For more information about activities, programs and fees, see the Deerhurst Resortbrochures in your CAIRP Conference package or visit theDeerhurst website. Book early to guarantee availability by contacting Deerhurst directly.

Deerhurst Resort Reservations

The casually chic Pavilion Rooms ($199/night single/double) in the main facility at Deerhurst have been exclusively allocated for CAIRP conference attendees, as well as ancillary accommodation at the nearby Junior One Bedroom Suites (formerly called Sports Villas) ($229/night single/double), which include a kitchenette, 1 bedroom with 2 double beds and pullout couch, and are ideal for families. Contact Deerhurst Reservations directly and request the CAIRP Annual Conference rate. Credit card numberand one night deposit required.

Reservations guaranteed until 11:00 pm on arrival day. Check-in time 4:00 pm, check-out11:00 am. Rates subject to 5% Ontario provincial room tax and 5% GST. No charge for children under 18 years of age sharing a parent’s room, to maximum of 4 individuals perroom. Deerhurst is a popular tourist destination. Please book early. Reservations made after July 18th subject to accommodation and rate availability. Deposits refundable ifreservation cancelled at least 30 days prior to arrival date. Retain cancellation number provided by reservations agent.

Directions

CarDeerhurst Resort is 225 km north of Toronto, Ontario via Highway 11 North and a short 8 kmjourney east on Highway 60 (on the outskirts of Huntsville). From Lester B. Pearson airport,drive east on Hwy 409 to Hwy 401, continue east and then proceed north on Hwy 400 toBarrie. Just north of Barrie, take Hwy 11 and continue north to Huntsville. The trip is approximately 2.5 hours.

TrainTake the Ontario Northlander to Huntsville from Toronto’s Union Station, Sunday to Friday.Travellers must arrange taxi to resort. Call for train information 705.472.4500/1.800.363.7512or visit www.ontarionorthland.ca/en/railpassenger/northlander/northlander.html.

AirDeerhurst airstrip is available for private planes. Muskoka Airport is 45 km away in Gravenhurst. Flights on small commercial aircraft available from Lester B. Pearson and otherregional airports. Limousines and shuttles from Lester B. Pearson also available.

AttireBusiness attire required for Opening Night Cocktail Reception, Keynote Dinner, Chair’sReception and Banquet. Casual attire recommended for BBQ at The Point.

For Information ContactDeerhurst Resort1235 Deerhurst Drive, Huntsville, ON P1H 2E8T 705.789.6411/1.800.461.4393E info@deerhurstresort.comW www.deerhurstresort.com

277 Wellington Street WestToronto ON M5V 3H2P 416.204.3242F 416.204.3410E info@cairp.caW www.cairp.ca

CAIRP Mission

• To educate and support members in providing insolvency, restructuring and related advisory services in a manner that instills the highest degree of public trust

• To advocate for a fair, transparent and effective system of insolvency and restructuring administration