01 April 2020
Launch of Corporate Restructuring and Insolvency in Asia 2020
Singapore, 2 April 2020 — The Asian Business Law Institute (ABLI) and the International Insolvency Institute (III) today launched Corporate Restructuring and Insolvency in Asia 2020, a compendium of reports examining the corporate restructuring and insolvency regimes in 16 jurisdictions in the Asia-Pacific region.
This is a compendium of many “firsts”: it marks the first time that all ten member states of the Association of Southeast Asian Nations (ASEAN) are included in a comprehensive study of business reorganisation and insolvency rules, in addition to six of the bloc’s major trading partners: Australia, China, Hong Kong Special Administrative Region, India, Japan and South Korea. It is also the first publication that examines in detail the newly-reformed restructuring and insolvency laws of Laos and Myanmar, two fast-growing emerging ASEAN nations that are increasingly on the radar of global investors. Moreover, it is the output of the first phase of the Asian Principles of Business Restructuring project, the first time ABLI has collaborated with an international organisation of the standing and creed of the III.
Targeting all stakeholders involved in Asian restructurings, including judges, practitioners, legislators and policy-makers, the 16 reports, authored by restructuring experts in their own jurisdictions, provide a bird's-eye view of the current regulatory landscape for corporate restructuring and insolvency across Asia, and will in particular benefit professionals such as lawyers and bankers who are frequently instructed on cross-border business restructuring and insolvency matters.
The Compendium and individual reports are available here.
Read the full press release here.