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Katrina Edge and Bruce MacNeil, of Ogier (Jersey) LLP, explain how global events and economic pressures are forcing many companies to seek advice on debt and corporate restructuring
REPORTS in June of a 40% year-onyear increase in corporate insolvencies in England and Wales demonstrate the combined impact of government Covid-19 support being withdrawn, soaring energy costs, inflationary pressures, interest-rate increases and weakening demand.
This is reflected in the nature of the instructions coming into our jurisdictions from distressed companies across the globe. We expect the impact of these pressures to not only result in an increase in global restructuring and insolvency activity, but also an increas…
Read the full article at: https://jerseyeveningpost.com/business/2023/09/20/recent-spike-in-england-and-wales-corporate-insolvencies-reflects-broader-global-trend/