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In an ever expanding world based economy, by necessity the business connections today of both large and small companies extend globally. It is increasingly common for not only suppliers and customers but also factories and sales companies to be located abroad and thus world-wide services have become a part of the normal daily business. Because of the complexities inherent in operating in the international market, it is essential that the client have immediate access to qualified, knowledgeable, and seasoned counsel in each jurisdiction that they plan to do business in. Members firm lawyers in the Lex Mundi Insolvency, Bankruptcy and Restructuring group are uniquely positioned to respond quickly to these and other types of issues.
International comparison shows that the legal provisions and the rules of practice in reorganization and insolvency laws are very different in certain countries. Because of historical and cultural differences, national insolvency statutes may have, for example, different protection objectives or priorities, the ability to reorganize as a going concern or not, and different liabilities for directors and officers, among others. Member firm lawyers in the Lex Mundi Insolvency, Bankruptcy and Restructuring group provide their clients with access to a qualified and experienced counsel in each of the relevant jurisdictions is therefore indispensable when advising on any cross-border insolvency matter.
The Lex Mundi Network, with its 160 member firms, ensures that contact to the best national insolvency lawyer is provided within the shortest possible time. The practice group pursues the objective that insolvency and restructuring experts of the member firms know each other, exchange experiences and are informed through lectures and discussions about differences. Understanding and knowledge of differing laws in the various countries is thereby fostered so that the best possible cooperation is ensured in the interests of the client.
Highlights of the group:
- Regular exchange of experience and contact
- Regular further training
- Discussion of the newest developments
- Pragmatic cooperation
- Rapid help and answers
- Multiple success stories in working together to help clients in cross-border insolvencies
Range of expertise:
- Duties and liabilities of directors and officers
- Reorganization options
- Cross-border cooperation in insolvency proceedings
- Different insolvency structures
- Exploration of workout strategies
Moreover, when your organization’s legal needs move beyond insolvency, bankruptcy and restructuring issues, lawyers in the group are able to connect you to the advice, expertise and support you might need from their full-service commercial law firms.
Local Market Knowledge + Worldwide Network Connections
Selected because they are the leading, independent law firms in their jurisdictions, Lex Mundi member firms can unite you with their in-depth local market knowledge and strong ties to their legal, political and business communities while, at the same time, connecting you to the vast resources of its worldwide network. Working together with one or several member firms, member firm lawyers in the Lex Mundi Insolvency, Bankruptcy and Restructuring group can steer you through most any legal terrain and connect you to the legal resources and expertise needed to help you successfully meet the challenges of doing business as your operations grow locally or globally.
Cohesive Service Delivery and a Commitment to Client Service Standards
Member firm lawyers in the Lex Mundi Insolvency, Bankruptcy and Restructuring group know and rely on each other and are accustomed to working together on cross-border matters. They work closely together to provide clients with a cohesive service delivery and coordinated project management of multi-jurisdictional matters. They are committed to a uniform set of client service standards that includes a commitment to excellence, responsiveness, and technology. Members of the group are multi-lingual and are able to serve their clients in English. While working with member firm lawyers in the Lex Mundi Insolvency, Bankruptcy and Restructuring group on multi-jurisdictional matters, clients experience the feel of working with a single law firm while benefiting from the expertise and knowledge of leading indigenous firms.
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