Latham & Watkins

International Top 30 position: 2
International 50 position (Asia-Pacific): 22

French accelerated financial safeguard available for holding companies

New insolvency proceedings called “accelerated financial safeguard” (sauvegarde financière accélérée) were introduced into French law two years ago. The introduction of these new proceedings not only drew from the experience of the so-called “pre-pack” restructuring practice, implemented for the restructuring of certain French distressed companies, but also innovated by being applicable only to so-called “financial debt”.

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99 Bishopsgate

Firmwide revenue 2011 ($m): 2,152
Global lawyers 2011: 2,062
Jurisdiction: US
No. of offices: 5
No. of qualified lawyers: 104 (International 50)