As with the previous editions, our intention is to help general counsel, government agencies and private practice lawyers understand the conditions prevailing in the global restructuring market in 2017, with a view to the coming year, and to highlight some of the more significant legal and commercial developments and trends that have been evident in recent years, and that are expected to be significant in the future.
The global economic situation to be uncertain, presenting an interesting market for restructuring and insolvency practitioners. While, as in previous years, politics continues to throw up surprising and disruptive events as populations grapple with the competing forces of globalisation and culture, some of the more pessimistic predictions of recent times have not, in fact, come to pass.
Beyond finance, the perennial tensions surrounding the Middle East, Russia and South East Asia show no indication of being resolved. In a rapidly changing global environment, the tentative peace between the great powers that has prevailed since the mid-twentieth century seems ever more fragile.