Publication
Mission impossible? Teresa Ribera’s mission letter and the future of EU merger review
Executive Vice President Vestager’s momentous tenure as Commissioner responsible for EU competition policy is nearing its end.
As restructuring professionals, we are all aware of the numerous factors that are weighing down the global economy: inflation, the war in Ukraine, rising interest rates, and the COVID-19 pandemic. Now it’s time to add to that list the threat of the United States running out of money and defaulting on its debts. This inconceivable event could occur when the country hits its debt ceiling, something that could potentially come to pass this summer.
Breaching the debt ceiling is avoidable as Congress could increase the statutory limit on US debt, but at a moment of heightened partisanship and divided government accomplishing that will be challenging. As suggested by the New York Times, “the cost of not raising the borrowing cap could be catastrophic, causing a deep recession in the United States and potentially prompting a global financial crisis.”
While we all hope the US Congress figures a way out of this crisis, staying current on restructuring options around the world remains essential. We help you do that in our current issue as we review hot topics in a variety of jurisdictions around the globe where our lawyers practice.
And I would be remise in not congratulating those same lawyers in recently being recognized as one of the top 10 law firms for cross-border restructuring work in 2022 by the Global Restructuring Review (GRR)!
Good reading,
Howard Seife
Global Co-Head of Restructuring
New York
Scott Atkins
Global Co-Head of Restructuring
Sydney
Publication
Executive Vice President Vestager’s momentous tenure as Commissioner responsible for EU competition policy is nearing its end.
Publication
On November 28, 2023, the European Commission (EC) adopted its first list of Projects of Common Interest (PCIs), i.e., projects within the EU territory, and Projects of Mutual Interest (PMIs), i.e., projects connecting the EU with other countries, including 166 projects implementing the European Green Deal.
Publication
On 10 October 2024, the UK government published its long awaited response (the Response) to its January 2024 consultation on “Designing a policy framework to enable investment in long duration electricity storage” (the Consultation).
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