More Bankruptcies On The Horizon: Report

Law360, New York (March 19, 2007, 12:00 AM EDT) -- Bankruptcy lawyers received good news on Monday: corporate insolvencies are reportedly expected to increase around the world in the next few months, according to a global survey.

According to information compiled by Reuters, the number of corporate bankruptcies is projected to rise 12% in the United States and 8% in Europe in 2007.

Using information from credit insurance company Euler Hermes, market research firm Global Insight, Standard & Poor’s, Goldman Sachs and industry participants, Reuters determined that the paper and packaging and chemicals sectors were especially...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.