Law firm creates credit crunch insolvency team
Herbert Smith creates special insolvency team to deal with the fallout from the credit crisis
Law firm Herbert Smith has rejigged its corporate recovery and restructuring
teams to deal with the shockwaves following the credit crisis.
The firm has set up a team from its insolvency and dispute divisions to
manage investors that have lost money, and companies that have collapsed due to
funding problems, reports the
Daily
Telegraph.
‘We have identified ways to help clients minimise the risks arising from the
recent crisis, but the full extent of the problem has yet to emerge,’ said Sonya
Leydecker, the firm’s global head of dispute resolution.
Further reading:
Credit crunch hits high street
‘Pre-pack’ administrations boosted
by court decision