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 laws, introducing new procedures and strengthening institutions, but others are much less active. How far have Asian economies advanced in building effective and predictable insolvency systemsoe Do their laws, regulations and court systems now provide greater certainty and confidence to investors and lendersoe What lessons can be learned from successful reforms in the region and what are the main stumbling blocks to implementing new insolvency frameworksoe This publication provides a regional and country perspective on these questions. It contains the proceedings of the last meeting of the Forum for Asian Insolvency Reform ("FAIR"), held in Beijing, China in 2006, which brought together officials, insolvency professionals and credit institutions to discuss the lessons of a decade of Asian insolvency reforms. The publication includes comparative reports on the insolvency systems of Hong Kong China, Indonesia, Japan, Nepal, Thailand and Vietnam. It also provides insights into the role of courts and the priority of claims under the new Chinese bankruptcy law effective since June 1 2007. For more information on OECD's insolvency work and the Forum for Asian Insolvency Reform, visit http://www.oecd.org/daf/corporate-affairs.
- Lawmaking And Institution Building In Asian Insolvency Reforms: Between Global Norms And National Circumstances
- Comparative Overview Of Asian Insolvency Reforms In The Last Decade
- Insolvency Laws In South Asia: Recent Trends And Developments
- Indonesian Bankruptcy Law: An Update
- Issues Arising In The Cross-Border Insolvency Of Groups Of Companies In Japan
- Latest Trends And Developments In Insolvency Law In Nepal
- Asian Insolvency Systems: The Thai Perspective
- Lessons Learned: Bankruptcy Reform In Thailand
- An Update On Non-Performing Loans Resolution And Banking Reform In Viet Nam
- The Court'S Role In Enterprise Bankruptcy Proceedings And Restructuring In China
- Issues In The Acceptance Of Bankruptcy Cases By Chinese Courts
- The Order Of Payment Of Workers' Claims And Security Interests Under China'S New Bankruptcy Law
- Creditor Participation In China And Hong Kong, China
- Developing A Regulatory Framework For Outsourcing Of Insolvency Work In Hong Kong, China
- Creditor Participation In Insolvency Proceedings
- Insolvency And Social Protection: Employee Entitlements In The Event Of Employer Insolvency
- Weaving The Safety Net For An Aging World: Lessons Learned From The Pension And Insolvency Systems Of The Us, The Uk, And Germany
- Future Developments In Cross-Border Insolvency Law
- The Bankruptcy Criteria And Priority Of Claims: An International Comparison Of Insolvency Laws
- Opportunities And Pitfalls In Emerging Market Restructurings: A Strategic Perspective