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Credit Risk and Credit Access in Asia

image of Credit Risk and Credit Access in Asia

The sheer volume of debt hanging over Asian companies suggests that corporate insolvency should remain a top policy concern. This conference proceedings presents reports from each country on the trends and developments in debt and credit risk since the 1997-1998 Asian financial crisis. It also includes overview papers that examine the problem in a wider context. These papers suggest that risk management practices, legal systems, liquidation and recovery, and institutional infrastructure and capacity all require additional attention.

English

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Trends and Developments in Insolvency and Risk Management in the Philippines

The legal framework for insolvency in the Philippines is characterised by few and far-between landmarks, starting with the antiquated Insolvency Law of 1909. This law dealt simply with suspension of payments and the liquidation process.

English

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