Prepared an article for The Restructuring Review

The latest edition of The Restructuring Review was published by Law Business Research Ltd., in London. Our team among the other leading lawyers from 50 jurisdictions contributed to this publication.

Many practitioners note that over the past twelve months the level of activity in this practice area has fallen due to a reduction of large filings and restructurings following on from the financial crisis and increasing liquidity in the market. The crisis has had devastating effects in virtually every country marked by the contraction of the global economy. Companies across all industries are suffering from this economic downturn in one way or another. Consequently, the number of companies facing financial difficulty and bankruptcy has risen dramatically worldwide. In previous years, there have been major changes in law of many jurisdictions. All those important points have been discussed in this edition.

Partner Giedrius Kolesnikovas comments: “The publication is a valuable reference resource which provides country-by-country insights into relevant legislation and its practical application.”