restructuring and SOE reorganisation; establishing effective corporate governance mechanisms; the role of the financial system …

This policy brief investigates the likelihood of corporate insolvency and the potential implications of debt overhang …

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 …, including promulgating new laws, introducing new procedures to facilitate restructuring, strengthening courts and related …