POWER PLAYERS
Bankruptcy & Insolvency 2023 – Distinguished Advisers
April 2023 | BANKRUPTCY & RESTRUCTURING
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As the global economy continues to free itself from the grasp of the coronavirus (COVID-19) pandemic, new challenges have emerged over the last 12 months. Companies that survived the pandemic, thanks in no small part to government support schemes which have largely come to an end, are contending with other pressures.
Record high levels of inflation, increasing interest rates and the energy crisis intensified by the Russian invasion of Ukraine have squeezed companies and consumers alike. As a result, bankruptcy and insolvency filings are on the rise and a global recession looms. No sector appears to be insulated against the growing gloom, with increased distress already being seen across the consumer-facing, real estate and energy sectors, among others.
Instability in the global banking sector is adding another layer of complication, reducing accessibility to financing. Meanwhile, the ongoing ‘crypto winter’ has imperilled the emerging digital and crypto financing space.
Against this backdrop, Financier Worldwide turns to some of the leading lights in their field, who share their stories…
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