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Continental Breakfast: your daily update on whats happening in Europe.
Law firms in the U.K. could soon face a glut of insolvency and restructuring work, with data suggesting that thousands of companies in the travel sector are at risk of going bust.
Insolvency consulting firm Begbies Traynor says that 2,679 U.K. travel industry businesses are in significant distressa rise of 10 percent over the past three months. More than a quarter of all U.K. travel agents and tour operators are currently listed as being at risk of insolvency by Company Watch, which assesses the financial health of companies.
Companies are struggling due to rising costs and increased terrorism fears, which is causi…
Read the full article at: http://www.law.com/sites/almstaff/2017/01/06/u-k-law-firms-braced-for-insolvency-boom-as-data-puts-thousands-of-companies-at-risk/
