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.


Opportunities and pitfalls in emerging market restructurings: a strategic perspective

In many emerging market debt restructurings involving corporate debtors, creditors often find themselves at a distinct disadvantage vis-à-vis the debtors and their controlling shareholders. Indeed, in certain cases, creditors may believe that they face seemingly insurmountable obstacles in negotiating such restructurings. In some cases, foreign creditors, perhaps even more so than domestic creditors, may believe or come to realize over time that they are especially disadvantaged in such restructurings.


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