«Peabody believes that it has sufficient liquidity to
operate its business
worldwide post-petition and to continue the flow of goods and services to its customers in the ordinary course,» it said in a statement, adding that no Australian
entities are included in the filings, and as such its Australian operations would continue as usual.
Other multinational law firms
operate as single
worldwide partnerships, such as British or American limited liability partnerships, in which partners also participate in local
operating entities in various countries as required by local regulations.