Firm
Andrea Basham and Jennifer Cheng have joined the firm as partners in its global M&A practice in New York
New hires were made across the corporate, M&A and finance practices in key US hubs and London
Michelle Phang, who joined the firm as head of M&A for Southeast Asia in January, breaks down key trends shaping the region’s dealmaking
Veteran partners Ian Ho and Anthony King will co-lead the new office, which will also welcome two new partners from Baker McKenzie and Latham
New hires were made across the M&A, corporate and finance teams at leading firms across the UK, Germany and Saudi Arabia
Charles Russell Speechlys corporate partner discusses how the firm’s early PISCES mandates are creating new revenue streams and can generate cross-practice opportunities
Newly independent King & Wood has established offices in North America, while Mallesons has entered a ‘new era’ with a 1,200-lawyer firm across Australia and Singapore
Consortium Legal’s M&A partner David Reuben discusses the largest transaction to ever cross the desks of law firms and authorities in the region
Sponsored
Sponsored
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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.
