ABLI and the III launch questionnaire on business reorganisation in Asia

 

Today (1 February 2018) the International Insolvency Institute (III) and the Asian Business Law Institute (ABLI) launch a questionnaire on the business reorganisation regimes in Asia (Questionnaire) as part of the ABLI-III Asian Principles of Business Restructuring Project.


   Asian Principles of Business Restructuring Questionnaire
by Dr Paul Omar
1 February 2018
34 pages

Download the Questionnaire

 

The Questionnaire covers a wide variety of issues for both in-court and out-of-court procedures. From the role of insolvency office-holders, to the effect of stays/moratoria, rescue financing, ranking and priority, the treatment of foreign creditors, employment issues, avoidance/clawback and safe harbour, group insolvencies, MSMEs and international and cross-border insolvency law.

The questionnaire was produced by Dr Paul Omar with input from the Honourable Chief Justice James Allsop AO, Mr Sumant Batra, Professor Charles Booth, Mr Harish Chander, Professor Louise Gullifer QC, Mr Look-Chan Ho, President Luciano Panzani, Professor Christoph Paulus, Professor Bob Wessels, Professor Min Han, Mr Gordon Johnson, Mr George Kelakos, Mr John Marsden, Professor John Pottow, the Honourable Justice Kannan Ramesh and Mr Hideyuki Sakai .

The questionnaire has been provided to experts (Jurisdictional Reporters) for each of the ten ASEAN member states (Brunei, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam), in addition to five1 of the six Asia-Pacific states with which ASEAN has existing free trade agreements. That is, Australia, China (including Hong Kong SAR), India, Japan and South Korea.

The Jurisdictional Reporters who have kindly volunteered their time and expertise to respond to the questionnaire are as follows:

Jurisdictional Reporters

  1. Scott ATKINS, Norton Rose Fulbright, Sydney, Australia
    (III profile; LinkedIn profile; Firm profile)
  2. Shin-ichiro ABE, Kasumigaseki International Law Office, Tokyo, Japan
    (III profile; Firm profile)
  3. Andrew CHIEW Ean Vooi, Lee Hishammuddin Allen & Gledhill, Kuala Lumpur, Malaysia
    (LinkedIn Profile; Firm profile)
  4. Jay COHEN, Tilleke & Gibbins, Phnom Penh, Cambodia
    (LinkedIn profile; Firm profile)
  5. Shinnosuke FUKUOKA, Nishimura & Asahi, Tokyo, Japan
    (III profile; LinkedIn profile; Firm profile)
  6. Pulkit GUPTA, EY, New Delhi, India
    (LinkedIn profile)
  7. Indri Pramitaswari “Mita” GURITNO, Hadiputranto, Hadinoto & Partners, Jakarta, Indonesia
    (LinkedIn profile; Firm profile)
  8. Justice Dr Kanok JULLAMON, Bankruptcy Division, Supreme Court of Thailand, Bangkok, Thailand
  9. Andi Y KADIR, Hadiputranto, Hadinoto & Partners, Jakarta, Indonesia
    (Linked profile; Firm profile)
  10. Yosuke KANEGAE, Nagashima Ohno & Tsunematsu, Tokyo, Japan
    (LinkedIn profile; Firm profile)
  11. Zentaro NIHEI, Anderson Mori & Tomotsune, Tokyo, Japan
    (III profile; LinkedIn profile; Firm profile)
  12. Maria O’BRIEN, Baker McKenzie, Sydney, Australia
    (LinkedIn profile; Firm profile)
  13. Nava PALANIANDY, Ahmad Isa & Partners, Brunei Darussalam
    (LinkedIn profile)
  14. Antonio Jose Gerardo T. PAZ, Angara Abello Concepcion Regala & Cruz Law Offices (ACCRALAW), Manila, the Philippines
    (LinkedIn profile; Firm profile)
  15. PENG Fei, Legal Daily, Beijing, China
  16. Ketsana PHOMMACHANE, Department of International Cooperation, Ministry of Justice, Vientiane, Lao PDR
  17. Tom PUGH, Mayer Brown, Hong Kong
    (LinkedIn profile; Firm profile)
  18. Chiyong RIM, Kim & Chang, Seoul, South Korea (III profile; Firm profile)
  19. Tim SACKAR, Clayton Utz, Sydney, Australia
    (LinkedIn profile; Firm profile)
  20. Manoj SANDRASEGARA, WongPartnership, Singapore
    (III profile; LinkedIn profile; Firm profile)
  21. Timur SUKIRNO, Hadiputranto, Hadinoto & Partners, Jakarta, Indonesia
    (Firm profile)
  22. SHEN Yuhan, King & Wood Mallesons, Shanghai China
    (LinkedIn profile)
  23. SIM Kwan Kiat, Rajah & Tann, Singapore
    (Firm profile; Firm profile)
  24. Dr Vu Thanh VAN, Avenir Legal, Ho Chi Minh City, Vietnam
  25. Agung WIJAYA, Hadiputranto, Hadinoto & Partners, Jakarta, Indonesia

The Jurisdictional Reporters will produce 16 individual reports (Jurisdictional Reports) on the business reorganisation regimes (both in-court and out-of-court) in each of the above 16 jurisdictions.

The Jurisdictional Reports will then be compiled and published as a compendium as part of ABLI's Legal Convergence Series (the aim of which is to provide practical guidance on various business laws in Asia).

The Project will not, however, stop there. After publication of the compendium of Jurisdictional Reports, the Project will examine each Jurisdictional Report to determine areas of similarity and make recommendations for ways in which the regimes in each of the 16 jurisdictions could work more effectively with one another.

The aim is to publish a set of Asian Principles of Business Restructuring (again, covering in-court and out-of-court regimes) directed at judges and practitioners, but also legislators and policy-makers in Asia. Further details regarding this bold and ambitious project are available here.


  1. The other Asia-Pacific state with which the ASEAN members have a free trade agreement is New Zealand, which is not considered by this Project. 

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