DLP Piper: It would be dangerous for the interests to go up

'I don't know if I reached the minimum point. There are voicing saying that there could be a type W crisis, when I reached the first minimum, an improvement will be seen and next a new minimum. That could be precipitated by an abrupt rise in interests. I believe that the interests can lead very many people on a negative territory, because they will no longer pay their interests. We could see very many insolvencies and the unemployment could rise,' said Nigel Knowles, quoted by Business Standard.

He stresses that the region was not affected in a much different way than other parts of Europe. But the head of DLA Piper says that there are markets that are on a rise and that make lawyers be in trouble.

At European level, Knowles specifies that the solution for the lawyers activating in areas strongly affected by the crisis, real estate, banking, capital markets, mergers and acquisitions is flexibility, translated by the capacity to pass from a speciality to another one.

As regards the current political environment, the lawyer sounds the alarm, attention to investors!

They prefer a secure political climate. If the uncertainty is on a longer term, it will no doubt have an effect,' he said.

Among the transactions in which the local office of DLA Piper was involved, there are financing worth some 700 mil euros, drawn from Petrom or the sale of a package held by Morgan Stanly with HTI Securities. DLA Piper entered Romania at the end of last month, in Nov, with a team originating from the local giant of London's giant Linklaters.