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Insolvency Law

Expert guidance on all aspects of corporate and personal insolvency

28 FEB 2014

Gerry Weiss Award

Gerry Weiss Award

The Insolvency Practitioners Association (IPA) have launched a new award in the name of Gerry Weiss.

INSOL have covered the story in the following manner:

"Gerry Weiss qualified as a chartered accountant in 1947 and joined Kenneth Cork at WH Cork Gully. Sir Kenneth wrote of him:

“My first insolvency partner was Gerhard (Gerry) Weiss who joined WH Cork Gully in 1952, becoming a partner in 1954. His family had come to England in the thirties. I was very impressed by his brain and his apparent willingness and ability to tackle anything. He became irreplaceable as the ‘lawyer’ of the firm in charge of litigation matters and handling compulsory liquidations. He became an expert on insurance companies.”

Gerry attended the inaugural 1961 “Meeting of accountants who specialise in insolvency matters” from which the IPA was formed and later served as IPA President in 1967/8. Gerry was co-opted to the Cork Committee in 1977 and was heavily involved in drafting the Cork Report which gave rise to the 1986 Act. He served on various committees which attempted to persuade European governments to harmonise their insolvency legislation, and became Honorary General Secretary of INSOL International in 1981, and INSOL Europe President in 1995/6. Gerry was a founder member of INSOL Europe and his colleagues there recalled in a tribute following his death:

“All through the early days of the Association’s development, Gerry’s hand was firmly on the tiller, particularly during his presidential year… and we owe much to his influence and wise counsel. In his modest way, Gerry carried out his duties with a devotion beyond the call of duty to the profession, which he loved and served with such distinction for so many years.”

Gerry retired in 1989 and died last year. He was a huge contributor to the profession, and the IPA are proud to honour his work and his name with this award, and pleased that it is supported by both INSOL Europe and R3."

The Award

The first award will be in 2014, and we will shortly advertise for papers to be submitted by the 31st March to a panel comprising representatives of the IPA, INSOL Europe and R3 for review/assessment by the 31st May. We are looking for some ‘big picture’ original ideas and opinions, demonstrating vision, innovation and thought leadership, specifically identifying the applicant’s single most desirable change to the law or best practice to improve the UK and/or international insolvency regime. A kind of ‘If I could change the world’ piece, with the primary aim of enhancing the reputation of the insolvency profession.

The prize will include:

• Trophy to be presented at IPA annual dinner

• An overnight stay in London hotel

• Opportunity to attend meetings at IPA & R3 to understand the working of representative bodies

• £250 cash

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