White & Case and Hong Kong dispute resolution boutique Laracy Gall have joined together in preparation for the emanate wave of corporate bankruptcies. In the face of such an economic decline, banks have limited their lending to what companies may be able to pay back. In the Asia-Specific region, excluding Japan, new loans amount to $4 billion, much less than last year’s $32 billion around the same time. Laracy Gall has 12 litigators, all of whom will work with White & Case’s banking, capital markets and private equity practice groups.
Source: www.bloomberg.com
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