Globalisation and the impact on cross-border insolvency
Over the last 10 years, the insolvency and restructuring market has become increasingly more international due to globalisation, a shift of economic power to the emerging markets and the use of complex financial products.
We have a specialist Offshore Financial Centre group with members in all major offshore financial centres, who collaborate under the provisions of an agreed operating procedure to share expertise, contacts and resources. Working in combination with our broader international presence and teams in the leading onshore financial centres, this allows us to act on situations involving the most complicated offshore group structures.
A team of experienced specialists
Our BVI team specialises in taking formal insolvency appointments in relation to businesses with complex, international affairs.
We have significant experience of multi-jurisdictional insolvencies, foreign recognition, information gathering tools, asset recovery and understanding of enforcement that allows us to optimise outcomes for stakeholders.
We deal with a diverse range of businesses and assets, with particular expertise in holding companies, financial services, banking, special purpose vehicles, shipping and energy. We frequently work in jurisdictions located in the Caribbean, Russia/CIS, Asia, Africa, Latin America and Europe. We use a wide range of techniques across multiple jurisdictions to obtain information that may be relevant to the investigation of the insolvent business.
We analyse this information and apply our experience and specialist skills to develop coherent international litigation strategies to maximise realisations to the estate, adding significant value to creditors.
The Eastern Caribbean
In addition to the assignments involving global or multi-jurisdictional work, we have significant experience acting on behalf of Caribbean entities with purely domestic operations and assets.
We consider that our combination of experience, knowledge, qualifications and service lines, coupled with our understanding of the relevant local regulations and global reach, we are optimally positioned to manage the most complex of assignments.