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Legal News

: International and UK Law

Clifford Chance: backed into a tight corner

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Most businesses are finding their working capital under pressure as suppliers demand cash upfront and customers drag their feet paying the bills. As business slows, the squeeze can get very uncomfortable, as many lawyers and accountants are discovering. Their banks are reluctant to take up the slack and in some cases are cutting back credit lines. There is talk that some medium-sized firms are finding life particularly difficult.

Full post as published by International and UK Law on January 08, 2009 (boomark / email).

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