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 … proceedings includes papers showing how far various Asian countries have come in building effective and predictable insolvency …

The 1997-1998 Asian financial crisis exposed serious deficiencies in the insolvency systems of many countries. In … response, many governments have undertaken sweeping reforms to strengthen their insolvency systems and rebuild their economies … insolvency systems of Indonesia, Korea, Malaysia, the Philippines, Singapore and Thailand. These papers examine, among other …

The sheer volume of debt hanging over Asian companies suggests that corporate insolvency should remain a top policy …