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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 Systems and Risk Management: The Experience of India

The legal system in India is based on English common law. It operates based on statutory laws and the constitution of India, which provide the basic structure of the judiciary and the powers of judicial review to the High Courts and the Supreme Court.

English

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