The French supermarket group casino is restructuring its operations and has hired a restructuring lawyer, evidently appointing him as their General Counsel (GC). This move appears to be part of the company’s efforts to rebuild and stabilize its operations amidst challenges.
The action taken by the supermarket group aligns with the perspectives of many companies worldwide as they reorganized their internal structures amid the disruptive impacts of the global pandemic. Companies across various industries have sought to streamline operations, indirectly prompting a notable increase in restructuring and insolvency cases.
In a similar context, Ubisoft, the popular video game maker, also moves towards strategic internal adjustments. The gaming company announced a replacement for its longtime chief legal officer.
As companies large and small continue to navigate the uncertain territories of the global market, legal professionals would do well to prepare for an increased demand in legal expertise that extend beyond the traditional confines of corporate law, encompassing pivotal areas such as insolvency, restructuring, and employment law.