The first three years of the 21st century have played host to the deepest economic downturn since the early 1990s. Since that time, the practice of insolvency law has undergone something of a revolution.
“The traditional way of receivership has changed,” says Andrew Wilkinson, managing partner at the London office of Cadwalader Wickersham & Taft. “Capital structures have become a lot more complicated, and the explosion of the project finance sector in the past few years has generated conflict. Increasingly, more difficult issues are emerging.”
