Western Europe
London-based M&A lawyer Nick Tomlinson discusses why the best M&A lawyers know when to dig in and when to help their clients move forward
A unified approach to the carbon markets will help lower costs and break down barriers for investment in low carbon technologies
Two of the firm’s partners in Frankfurt and London talk about sector trends and how the firm continues to bolster its internal capabilities to meet demand
New hires were made across the finance practices in New York, San Francisco, London and Milan
Paolo Nastasi, managing partner for Italy, delves into Q1 market trends, deal structures and how the firm is driving growth at a practice level
New hires were made across the capital markets, finance and M&A practices in New York, London, Frankfurt and Hamburg
Partners at three law firms delve into Q1 2025 M&A highlights, including sector-specific trends, innovative deal structures and how their practices are seizing opportunities
The new branches will provide legal services in M&A, public and regulatory law, and banking and finance, among others
Sponsored
Sponsored
-
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. -
Sponsored by Elias Neocleous & CoLike most financial engineering techniques, securitisation is not without risk. The complexity inherent in securitisation can impair investors' ability to monitor risk, and competitive securitisation markets are prone to sharp declines in underwriting standards. Furthermore, off-balance sheet accounting treatment for securitisations coupled with guarantees from the issuer can make it challenging to assess exposures, encouraging issuers to take on excessive credit risk. Even the most ardent advocates of securitisation would accept that securitisation played an important role in the US subprime mortgage crisis that led to the global financial crisis of 2008.
-
Sponsored by Baker McKenzieBaker McKenzie partner Nick O’Donnell considers who or what is to blame for the fall in publicly-listed stocks worldwide – and why it’s unfair to say it’s the companies themselves
