Earlier the month the law firm Ashurst announced the formation of their Islamic finance restructuring team. Now Lovells advertises to their prospective clients being a "global player in Business Restructuring and Insolvency". It seems that supply follows demand due to the ongoing crisis.
Ashurst has formed a multidiscipline team of lawyers from across its global network to assist clients with Islamic finance restructuring and Sharia compliant distressed financings. This comes as a result of increasing client demand for assistance with Sharia compliant transactions and investments that require restructuring due to current market conditions.