In April, ABLI and its contributor wrote two articles for LexisNexis PSL to introduce such developments in Singapore and Japan in relation to restructuring and insolvency in light of Covid-19.
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... in the Recognition and Enforcement of Foreign Judgments.
An article, by Associate Professor Adeline Chong, in the first issue of 2020 of the Journal of Private International Law.
On 2 April 2020, The Asian Business Law Institute and the International Insolvency Institute 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.
ABLI's Foreign Judgments Project and its first-phase output, Recognition and Enforcement of Foreign Judgments in Asia, appear to have successfully jump-started a conversation on this important area of the law in Asia.
On 8 March 2020, ABLI's Board of Governors has approved the submission of comments to the Joint Parliamentary Committee (JPC) on the Personal Data Protection Bill of India (2019).
In Oceanside Development Group Ltd. v. Chen Tongkao & Chen Xiudan ((2017) Zhe 03 Xie Wai Ren No. 7), the Wenzhou Intermediate People’s Court in China's Zhejiang Province rendered a civil ruling on 2 August 2019 to recognise civil judgment (S139/2012) by the High Court of Singapore.
Huizhi Liu vs Guoqing Guan & Xidong Fang represents (potentially) the fourth time that a Chinese money judgment has been recognised in the United States, and the first time in New York State.
If different countries have similar rules, the legal foundation for cross-border transactions becomes simpler and more certain, and costs of transactions can be lowered.
Myanmar has witnessed significant legal developments in February 2020 with the Memorandum of Guidance as to Enforcemnet of Money Judgments signed with Singapore and its new Insolvency Law 2020.