Watch For Rise In Cross-Border Insolvency Investigations
By Lynne Gregory and Daian Sumner (December 15, 2021, 1:59 PM EST) -- Newton's third law of motion states, "for every action, there is an equal and opposite reaction."
In the last 21 months, coronavirus has brought unprecedented and dramatic changes to the business world, including extensive remote working, a wide range of government subsidies for private businesses and a modification of the active or direct supervision of employees.
While most businesses have shown themselves to be remarkably resilient in the face of these challenges, some problems are beginning to emerge — misuse of government financial assistance schemes and fraudulent behavior of unsupervised employees and directors being among them.
Some insolvency regimes had been...
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