
Publication
BC legislature update – themes of truth, reconciliation, and transparency
The BC NDP government has introduced two changes to employment law in this session of the legislature.
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Global | Publication | Q1 2023
As restructuring professionals, we are all aware of the numerous factors that are weighing down the global economy: inflation, the war in Ukraine, rising interest rates, and the COVID-19 pandemic. Now it’s time to add to that list the threat of the United States running out of money and defaulting on its debts. This inconceivable event could occur when the country hits its debt ceiling, something that could potentially come to pass this summer.
Breaching the debt ceiling is avoidable as Congress could increase the statutory limit on US debt, but at a moment of heightened partisanship and divided government, accomplishing that will be challenging. As suggested by the New York Times, “The cost of not raising the borrowing cap could be catastrophic, causing a deep recession in the United States and potentially prompting a global financial crisis.”
While we all hope the US Congress figures a way out of this crisis, staying current on restructuring options around the world remains essential. We help you do that in our current issue as we review hot topics in a variety of jurisdictions around the globe where our lawyers practice.
And I would be remiss in not congratulating those same lawyers in recently being recognized as one of the top 10 law firms for cross-border restructuring work in 2022 by the Global Restructuring Review!
Good reading,
Howard Seife
Global Co-Head of Restructuring
New York
Scott Atkins
Global Co-Head of Restructuring
Sydney
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Publication
The BC NDP government has introduced two changes to employment law in this session of the legislature.
Publication
The Government of Canada recently released the Regulations Amending Certain Regulations Concerning the Disclosure of Cosmetic Ingredients (the Amending Regulations) in Canada Gazette, which is now open for public comment until April 22, 2023.
Publication
On March 14, the BC government revamped its framework for proposed LNG facilities in the province. Under this new framework, proposed LNG facilities (i.e., those currently in or entering the provincial environmental assessment process) must pass an emissions test and must have a “credible plan” to reach net-zero emissions by 2030.
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