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Chancellor George Osborne's pledge to 'electrify the ring-fence' for the UK's biggest banks has attracted widespread media attention, as well as trenchant opposition from some quarters. During his address, a single-minded Osborne warned that banks would be broken up entirely if they fail to comply with the new agenda and firewall high street operations from their riskier investment divisions.

US rule-writing is looking in the wrong direction

Frank Sun, Kirkland & Ellis BAKER & MCKENZIE made a significant hire within its Greater China practice last month with the addition of Lance Chen who will head up the US Security Practice Group in Hong Kong and China. Chen had been at ICBC International Capital before rejoining the firm he had worked at between 2000-2004. Elsewhere, KIRKLAND & ELLIS looked to fellow US firm Paul Weiss to bolster its M&A team in Hong Kong, hiring partner Frank Sun who has experience in both M&A and private equity. Sun had previously worked at Kirkland as an associate between 2007-8.

Four years after the financial crisis, restructuring and insolvency lawyers remain in high demand. This is not to say their jobs are any easier. On the contrary, proceedings are increasingly global and institutions ever more complex.

Daniel Futej and Daniel Grigel explain the practicalities of bankruptcy and restructuring in Slovakia

Elias Neocleous and Maria Kyriacou of Andreas Neocleous & Co explain why Cyprus’s corporate insolvency regime may, despite its age, offer an attractive legal framework for restructuring

Arthur Braun and David Vosol of bpv Braun Partners provide a comprehensive practical guide to insolvency in the Czech Republic

Lauri Peltola and Timo Lehtimäki of Waselius & Wist explain the insolvency options in Finland

China’s OTC equities markets are kicking off. A selling point is that they will help clear a PE exit gridlock, but more development is needed before they’re an option

Gordon Stewart is president of INSOL International (2011-2013), and a partner and head of the global restructuring group at Allen & Overy in London. He has also served as INSOL vice-president, sat on its board, and acted as the first lawyer president of the Association of Business Recovery Professionals (R3).