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.


Creditor participation in china and Hong Kong, China

The theme of creditor participation can be looked at from two angles: the legal framework and the commercial realities. Focusing on China and Hong Kong, China, there are two questions to answer: 1) do creditors participate?; and 2) do creditors want to participate? The answer to both of these questions is: probably not.


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