With cheap capital, low interest rates, and government support all coming to an end, insolvency cases are expected to increase in the next few months. As the restructuring process offers Asian corporates the ideal outcomes for creditors and debtors, lawyers in the space expect to have their hands full for some time. 

Sri Lanka will hire a global law firm to provide technical assistance on debt restructuring ahead of talks with the International Monetary Fund (IMF) on the country's economic crisis, a top official said on Tuesday.

After an economically uncertain and sluggish 2018, offshore law firms are anticipating a need for restructuring and insolvency services in the region, and bulking up their teams in that practice area.