Provided an article for The Restructuring Review

Our Corporate practice team contributed to the sixth and latest edition of The Restructuring Review, published by Law Business Research.

Partner Giedrius Kolesnikovas and senior associate Emil Radzihovsky are among other leading lawyers from 29 jurisdictions who have contributed to this publication. The editor Christopher Mallon notes in the preface that the deleveraging process is extremely likely to gather speed in the upcoming years due to the lessons learnt during the economic crisis. Thus, an increase in the volume of restructuring work should be expected.

Our firm’s representatives, in addition to providing an overview of the overall restructuring situation, also look at the recent changes and the future trends in the jurisdiction. The most significant legislative change concerns the “phoenix” company phenomena and the measures that aim to prevent it. There have been quite a few additions made to the law in order to identify, classify and prevent fraudulent bankruptcy.