Asian Insolvency Systems: Closing the Implementation Gap

image of Asian Insolvency Systems: Closing the Implementation Gap

As Asian markets are now increasingly integrated in the world economy their domestic insolvency systems need to meet the expectations of international investors and lenders. Many Asian jurisdictions are responding by reforming  insolvency laws, introducing new procedures and strengthening institutions, but others are much less active. This conference proceedings includes papers showing how far various Asian countries have come in building effective and predictable insolvency systems and shows to what extent their systems provide confidence to investors and lenders.


Asian insolvency systems: the Thai perspective

Like all countries hit by the 1997 economic crisis, there is a positive correlation between the amount of debt being restructured and economic and industrial recovery. This correlation also extends to differences in the magnitude of economic recoveries among Asian countries. The first three to four years after the 1997 crisis tended to show that countries such as Korea, and Malaysia, which substantially reduced NPLs or had less initial NPLs, experienced greater corporate debt restructuring than Thailand or Indonesia, which also registered higher growth during this period.


This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error