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Changes in market prices and increasing costs are driving more international restructuring and insolvency work, says Ogier disputes lawyer William Jones.
Changes in market prices and increasing costs are driving more
international restructuring and insolvency work, says Ogier
disputes lawyer William Jones.
Will, who was promoted to managing associate in the firm's
Cayman Disputes Resolution team at the start of the month, says
that there has been an increase in international restructuring and
insolvency work in the natural resources sector.
The firm has recently been instructed on matters involving the
oil, steel and coal industries, for natural resources firms
operating in Africa and Asia.
Will said: "What we are seeing is a trend of firms,
particularly in the natural resources sector, finding themselves in
financial difficulties because of lower market prices and increased
costs.
"That is leading to Cayman parent companies looking to
restructure their debts in order to allow the businesses to
continue to operate."
Will advises on commercial litigation and contentious
restructuring and insolvency matters, and is a member of the
firm's global restructuring and insolvency group.
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