Firm
Sherlyn Lau has brought a team of 12 to the firm’s Hong Kong office after spending nearly two decades at Sidley
Kamyar Abrar returns to the firm’s Frankfurt office to co-lead a ‘new vanguard of corporate dealmaking’
New hires were made across corporate, M&A, regulatory, finance and antitrust practices in the UK, US, Italy, Belgium, Germany and Asia-Pacific
Future Abu Dhabi head Gonçalo Capela Godinho explains why Pérez-Llorca is exporting its Iberian expertise to Abu Dhabi
Danielle Roman, managing partner of the firm’s Hong Kong office, shares her priorities for leading an offshore law firm in today’s financial markets
Corporate lawyer David Brennan joins the firm after 14 years at Gowling WLG, where he led the global technology group
Winston Taylor is expected to launch in May 2026 with more than 1,400 lawyers across the US, UK, Europe, Latin America and the Middle East
New hires were made across the PE, M&A, banking and finance practices in London, Riyadh and key US hubs
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Sponsored by Bär & KarrerSwitzerland is well known as an innovation-friendly jurisdiction, in particular in the financial sector. This is partly due to the technology-neutral and principle-based approach of its regulation, which has allowed the Swiss Financial Market Supervisory Authority (FINMA) and other Swiss authorities and self-regulatory organisations to flexibly address the challenges of emerging technology, such as distributed ledger technology (DLT), being used in financial services. Furthermore, Swiss regulation typically aims to create a level playing field between traditional players and innovators, seeking to ensure that the goals of financial regulation are met regardless of the technology used in a business model. -
Sponsored by Nishimura & AsahiThe Competition Law 23/2018/QH14 (Competition Law 2018) in Vietnam took effect on July 1 2019 and replaced the old Competition Law 27/2004/QH11 (Competition Law 2004). The new law contains substantial changes to the old law, and such changes may have an impact on foreign investors' business practices in Vietnam. In this article, we explain one of those changes using the following hypothetical case:
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Sponsored by Elias Neocleous & CoDistressed companies are those facing financial crises not resolvable without a considerable recasting of the firm's operations, structures and finance. This can be brought about through a company's failure to make a substantial payment of principal or interest to a creditor. Distress can also be seen in terms of financial ratios, for example in terms of liquidity and longer-term solvency. The basic and most prevalent forms of corporate distress assessment are the cash flow and the balance sheet tests, which apply both to going concern and break up (insolvency) valuation. In terms of break up valuation, under the cash flow test, a company is insolvent when it is unable to pay its debts as they fall due. Under the balance sheet test, the entity is insolvent if the book value of its assets, as listed on the conventional balance sheet, is less than its reported liabilities. The notions of asset exchangeability/liquidity and time prospect of sale are of great importance, particularly for the balance sheet test, as the latter includes the assessment of assets' value, by definition (UK Insolvency Act, 1986, 123 [2]). In this article, we first present the international/UK insight and, then, the Cyprus position on the matter.
