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International cooperation in insolvency proceedings is not a new idea in the United Kingdom. Given our national history as a mercantile power, it is not surprising that our courts have long experience of handling the problems thrown up by cross-border business failures.
Restructurings have been occurring since virtually the dawn of man or, to be a bit more accurate, since the dawn of credit. When a caveman failed to return a borrowed stone chisel for the first time, surely the method employed to enforce return of the tool was as certain as it was brutal.
The world of restructuring and reorganisation has dramatically changed from that which existed in 1978, when title 11 of the United States Code (the Bankruptcy Code) was enacted.
As early as 1953, long before the EC Commercial Agents Directive No. 86/653/EEC of 1986, section 89(b) was added to the German Commercial Code (Handelsgesetzbuch) which created a compensation claim for commercial agents on expiry or termination of contracts.
This chapter identifies 320 practitioners in 44 jurisdictions. Judging by the make-up of the publication, an increasing number of firms are able to offer clients the benefits of an international platform.
The UAE has been in constant economic boom. The liquidation of Forsyth Partners in 2007 was the first and only involving a firm from the Dubai International Financial Centre.
Florida’s leading commercial law firms are home to many leading experts in bankruptcy and restructuring. Both general commercial and boutique firms made an impact in the research, and this chapter identifies 24 outstanding lawyers from 15 firms. Many are fellows of the American College of Bankruptcy, and all are recognised for their representation of creditors, debtors and the full range of other related parties.
While Singapore’s economy continues to flourish, there nonetheless remains an ongoing level of demand for insolvency and restructuring expertise in the local legal market. This chapter identifies 15 outstanding lawyers from seven firms who are considered leaders in this field for creditors, debtors and the full range of other related work.
The Californian economy is in relatively robust health, but nonetheless there remains a wealth of bankruptcy and workout expertise in the state’s leading commercial law firms. Both general commercial and boutique firms made an impact in the research, and this chapter identifies 33 outstanding lawyers from 16 firms.
Despite the relative health of the US economy in recent years, there remains ample restructuring and bankruptcy work for Texan lawyers. This chapter identifies 29 outstanding private practitioners in the state.
No matter how strong the economy, there will always be companies in need for expertise in restructuring and bankruptcy proceedings. This chapter identifies 17 outstanding lawyers in private practice representing creditors, debtors or other related parties.
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