International Restructuring Work Being Driven By Market Prices And Costs In Natural Resources

O
Ogier
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Ogier provides legal advice on BVI, Cayman, Guernsey, Irish, Jersey and Luxembourg law. Our network of locations also includes Beijing, Hong Kong, London, Shanghai, Singapore and Tokyo. Legal services for the corporate and financial sectors form the core of our business, principally in the areas of banking and finance, corporate, investment funds, dispute resolution, private equity and private wealth. We also have strong practices in the areas of employee benefits and incentives, employment law, regulatory, restructuring and corporate recovery and property. Our corporate administration business, Ogier Global, works closely with Ogier's partner-led legal teams to incorporate and administer a wide variety of vehicles, offering clients integrated legal and corporate administration services. We have the knowledge and expertise to handle the most demanding and complex transactions and provide expert, efficient and cost effective services to all our clients.
Changes in market prices and increasing costs are driving more international restructuring and insolvency work, says Ogier disputes lawyer William Jones.
Cayman Islands Wealth Management
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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.

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.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

International Restructuring Work Being Driven By Market Prices And Costs In Natural Resources

Cayman Islands Wealth Management
Contributor
Ogier  logo
Ogier provides legal advice on BVI, Cayman, Guernsey, Irish, Jersey and Luxembourg law. Our network of locations also includes Beijing, Hong Kong, London, Shanghai, Singapore and Tokyo. Legal services for the corporate and financial sectors form the core of our business, principally in the areas of banking and finance, corporate, investment funds, dispute resolution, private equity and private wealth. We also have strong practices in the areas of employee benefits and incentives, employment law, regulatory, restructuring and corporate recovery and property. Our corporate administration business, Ogier Global, works closely with Ogier's partner-led legal teams to incorporate and administer a wide variety of vehicles, offering clients integrated legal and corporate administration services. We have the knowledge and expertise to handle the most demanding and complex transactions and provide expert, efficient and cost effective services to all our clients.
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