When economic crisis struck Asia in the late 1990s and early 2000s, international law firms with newly-crippled clients in the region flew in their top restructuring specialists from the US and Europe.This time around, though, those lawyers are much in demand at home, leaving Asian offices somewhat strapped for bankruptcy talent."There will be a resource crunch," says Matthew Bersani, Asia managing partner for Shearman & Sterling. His firm worked on some of the region's largest restructurings of the past decade - including those of Chinese conglomerate Guangdong Enterprises and Singapore-based Asia Pulp & Paper - largely by relying on big-name bankruptcy partners from New York.
March 26, 2009 at 12:13 AM
1 minute read
The original version of this story was published on Legalweek
International firms are struggling to find the right lawyers to handle a restructuring wave. Anthony Lin reports
When economic crisis struck Asia in the late 1990s and early 2000s, international law firms with newly-crippled clients in the region flew in their top restructuring specialists from the US and Europe.
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