IAG International Annual General Assembly

Paris

31st January 2009

MINUTES

Present: see list attached at end

1. Chairman’s welcome

The Chairman welcomed all delegates, and potential members whom he asked to identify themselves, whereupon they were warmly welcomed by the Assembly.

2. Minutes of previous meeting

The minutes of the Assembly held in Chicago on 3rd October 2008 were proposed for approval by Anders Grundberg, seconded by Peter van der Mersch, and approved unanimously.

3. Committee Update

The Chairman gave an update on Committee activity since the last meeting, mentioning development of the new website and corporate identity, and continuing recruitment activity. He also commented on the general current economic climate. He reminded delegates of the 20th anniversary of IAG in which would be celebrated in May 2009, and that nominations could be made for the committee elections to be held then.

4. Any Other Business

The Chairman invited members to raise any items of business not specifically covered on the agenda: none were raised.

5. Membership matters

The Chairman reported the resignations of Studio Tosi and of Gilliss Valla and Dalsin.

He invited Bernardo Llaca, of observers Cuesta Llaca y Esquivel, lawyers from Mexico, attending as observers, to make a presentation on his firm, which once made was warmly received by the Assembly.

After asking all representatives of potential member firms to leave the meeting temporarily, the Chairman:-

-reminded the Assembly of the presence of Wegman Hessler & Vanderburg, attending for the second time as prospective members

-explained the presence of Ellebye, who wished to continue the membership of Valentin Law Office which had merged into their firm: although not listed on the agenda the Committee intended to treat this meeting as their first (observer) attendance.

He also proposed for ratification Aksan Law Firm (Turkey) and Zhonglun W&D Law Firm (China). The meeting gave a show of hands and both firms were ratified as follows:

Aksan: 40 votes in favour, none against, no abstentions

Zhonglun: 39 votes in favour, none against, 1 abstention

The representatives of potential members were invited to rejoin the meeting. Aksan and Zhonglun were warmly congratulated on their ratification as members of IAG.

6. Host firm presentation, and ‘doing business in France’.

The Assembly heard excellent presentations on these topics from Guillaume Fouquet, Marc-Olivier Deblanc, and Ariane Olive of host firm La Boetie.

7. Insolvency topic.

The Assembly heard enlightening presentations on developments and opportunities in insolvency from Nick Hood of Begbies Traynor, and on business development cooperation in Sweden from Mikael Holst of Gunnard & Co and Katarina Hallin from Rosengrens.

8. Legal work on the Beijing Olympics

The Assembly heard an interesting presentation on this topic from Zhaohua Xu of Zhonglun.

9. IAG New Corporate identity and website

Vice Chairman Denis Simon presented an advance view of the new IAG corporate identity, and the corresponding website, which were warmly received.

10. Specialist groups

The Assembly then divided into specialist groups for separate discussions.

11. Future meetings

On reconvening, the Assembly heard an impressive presentation on the plans for the next (General) Assembly in Exeter, 14-17 May 2009, from Simon Barnett and Tim Richards of Michelmores.

There being no further business, the Chairman thanked all for their participation, thanked the hosts La Boetie for their kind hospitality, and declared the meeting closed.

DELEGATES

AUSTRIA

Neudorfer RechtsanwälteHelmut Neudorfer

Lawyers, ViennaWolfgang Zacherl

Saxinger Chalupsky & PartnersFranz Mittendorfer

Rechtsanwälte GmbHAlois Hutterer

Lawyers, Linz

BELGIUM

ERYV SprlEtienne Laurent

Tax Advisers & Accountants,Eric Laurent

Brussels

CHANNELISLANDS

Nigel Harris & PartnersMichael Shenkin

Lawyers, Jersey

CZECH REPUBLIC

Saxinger Chalupsky & Partner v.o.s.Monika Wetzlerova-Deisler

Lawyers, Pilsen & PragueCommittee Member

Roman Solc

DENMARK

Fjelsted & PartnersAli Bayrak

Lawyers, Copenhagen

Valentin law officesJohn Valentin Madsen

Lawyers, Odense

ENGLAND

Begbies TraynorArthur Bailey

Specialist Professional Services,Steve Bold

ManchesterChris Appleby

Geoff Hill

Blackstone Franks LLPSubhash Thakrar

Accountants, London

Grundberg Mocatta Rakison LLPAnders Grundberg

Lawyers, LondonBernard Mocatta

Claire Martin

Michelmores LLPTim Richards

Lawyers, ExeterSimon Barnett

Ward HadawayRobert Thompson

Lawyers, Newcastle upon Tyne

Wollastons LLPNicholas Burnett

Lawyers, ChelmsfordChairman

FRANCE

Colbert AvocatsDenis Simon

Lawyers, LyonVice-Chairman

Simon Wesley

Claire Panthou

HOST FIRM

La BoétieGuillaume Fouquet

Lawyers, ParisJosette Arnold

Claude Ravon

Ariane Olive

Odile Prot

Marc-Olivier Deblanc

Emma Smith-Thomas

Léa Roupioz

Daphné Peyrot de Gachons

Emmanuel Laporte

Agnès Tesseidre

GERMANY

de faria & partnerThomas Roeskens

Lawyers & Notaries, WiesbadenSilvia Schrade

Fingerhut RechtsanwälteGundo Kroh

Lawyers & Tax Advisers

schneider:schweglerHanjo Hillmann

rechtsanwälteFelix Laumen

Lawyers, DusseldorfClemens Rogge

Jorg Towara

THORWARTAlexander Frey

Lawyers, Tax Advisers and

Accountants, Nuremberg

Wollmann & Partner GbRMichael Bschorr

LawyersNotaries, BerlinCommittee Member

Ulrike Warneke

HUNGARY

Kalman Szilaski Sarkozy & PartnersAndras Szilasi

Lawyers, Budapest

IRELAND

Moran & RyanSeamus Connolly

Lawyers, DublinCaoimhe Connolly

Boylan and Dodd Corporate Donal Boylan

Services LtdChris Dodd

Corporate Finance Specialists,

Dublin

ITALY

Studio Legale Mondini RusconiElena Granatello

Lawyers, Milan

LIECHTENSTEIN

Juricon Trust Company Rupert Neudorfer

Establishment

Lawyers, Trustees & Accountants,

Vaduz

NETHERLANDS

Hoegen Dijkhof AdvocatenHans Hoegen Dijkhof

Lawyers & Tax Advisers, Honorary President

AmsterdamArnold Hoegen Dijkhof

Stephanie Poeliejoe Zewald

Harry Blik-Levy

Schipper Noordam AdvocatenPeter van der Mersch

Lawyers, RotterdamJan de Rooij

POLAND

Chajec, Don-Siemion & ZytoEwa Don-Siemion

Legal Advisors, Warsaw, Poland

PORTUGAL

Alves Pereira, Teixeira de SousaJosé Alves Pereira

& Associates

Lawyers, Lisbon

SPAIN

Fernando Scornik GersteinAntonio Arenas Lopez

Lawyers, Madrid, Barcelona

Las Palmas

SWEDEN

Advokatfirman Gunnard & Co. ABMikael Holst

Lawyers, Stockholm

FINNHAMMARSHans Sundstrand

Accountants and ManagementAnn Lindvall

Consultants, StockholmKjell Morberg

Håkan Fjelner

Rosengrens Advokatbyrå ABKatarina Hallin

Lawyers, GothenburgSecretary

SWITZERLAND

Staiger Schwald & Partner LtdMichael Hamm

Lawyer, Zurich

USA

Allegaert Berger & Vogel LLPNeil McCarthy

Lawyers, New York

Eichstaedt & Devereaux LLPMark Devereaux

Accountants & Tax Advisers,

San Francisco

Genovese Joblove & BattistaPaul Battista

Lawyers, MiamiGreg Garno

LYSR LLPRonald Kravitz

Lawyers & Tax Advisers, Committee Member

Los Angeles

Novack & Macey LLPAndrew Fleming

Lawyers, Chicago

RichardsTimothy Richards

Lawyers & Tax Advisers,

Miami

CANDIDATES FOR RATIFICATION (3rd Attendance)

Aksan Law FirmMuhammet Aksan

Lawyers, IstanbulRamazan Arslan

Zhonglun W & D LLPDazhong Wei

Lawyer, BeijingZhaohua Xu

PROSPECTIVE MEMBERS (2nd Attendance)

Wegman, Hessler & VanderburgLawrence Crowther

Lawyers, Cleveland

OBSERVERS (1st Attendance)

Cuesta Llaca Esquivel (CLLE)Bernardo Llaca Martínez

Lawyers, Mexico D.F.

GUESTS

Ellebye LawyersIben Lindhardt

Lawyers, Odense, DenmarkHenrik Bornebusch

Ole Oestergaard

GUEST SPEAKERNick Hood

Executive Chairman of Begbies Global Network

& Senior London Partner of Begbies Traynor

IAG Administration OfficeChristopher Whitamore