L&L Partners Establishes Standalone Insolvency Practice Amid IBC Reform Wave

L&L Partners has formally established a standalone Insolvency and Restructuring practice group, consolidating five partners from across its corporate and disputes teams. The move comes ahead of long-awaited reforms to the Insolvency and Bankruptcy Code that are expected to introduce a cross-border insolvency framework.

What's driving the move

• Pre-pack resolution mechanism for MSMEs has driven a surge in smaller cases

• Cross-border insolvency reforms under the Eradi committee recommendations

• Expected increase in real-estate and stressed-asset matters under the revised RBI framework

The team

The group brings together specialists in CIRP, liquidation, and avoidance applications, alongside corporate restructuring expertise. The firm has hinted at one further lateral hire in the next quarter to lead the cross-border work.