Demand for Insolvency Lawyers

Saw this on Law Alliancewebsite about the possible rise in demand for insolvency/restructuring lawyers in the Asian legal market.Unlike in Hong Kong and even in Singapore, there are no truly recognised specialists in insolvency and restructuring in Malaysia. Unlike firms in those jurisdictions, I am not aware of any firms having specialised units for such insolvency work. Such work would have to have a blend of corporate lawyers as well as litigators to go to court. I guess there is not enough of such work over here to necessitate such specialisation.

Even with the present economic downturn, we have not seen any major meltdowns that have headed into insolvency or that requires restructuring. Less work for the lawyers then.

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