Welcome to the second edition of the Herbert Smith Freehills Guide to Restructuring, Turnaround and Insolvency, Asia Pacific.
The guide provides an overview of the legal framework for corporate restructuring, turnaround and insolvency in 18 major jurisdictions across Asia Pacific, including four new chapters on Bangladesh, Myanmar, Pakistan and Sri Lanka.
Chapters include on-the-ground insight into the recent trends and developments in each jurisdiction, as well as:
- a summary of each of the key formal restructuring and insolvency procedures;
- the methods by which secured creditors can enforce their security;
- common issues encountered in the lead up to a formal insolvency procedure;
- priority of distributions in insolvency;
- the prevalence of restructuring techniques, as well as the ability of creditors to engage in debt trading; and
- the recognition of foreign restructuring and insolvency procedures.
You can download a sample chapter of the guide by clicking the Downloads button above. To request a full copy of the guide please click on the link below.
Restructuring, Turnaround and Insolvency Insights Series
Asia Pacific economies continue to move from strength to strength, with the region proving increasingly attractive to investors. But with increased growth and investment and related debt financing comes the potential for financial distress and business failure, leading investors to grapple with the complicated patchwork of restructuring and insolvency laws across various jurisdictions. The statutory regimes in countries like India, Singapore and Australia have undergone significant change over recent years, and even in those jurisdictions that have not undergone change there is an increasing appetite for reform.
Stay tuned as we continue to release new insights (below) from our experts that address key issues and opportunities faced by jurisdictions as pressure continues to mount for wider sweeping law reform.
Asia Pacific Regional Overview
This article is an extract from the Asia Pacific regional overview of the Guide to Restructuring, Turnaround and Insolvency in Asia Pacific – October 2018.
In recent years, the economies of Asia Pacific have led global growth and there has been a wave of investment across the region, particularly in energy, infrastructure, media and technology, financial services and consumer goods. As Asia's own companies, financial institutions and financial buyers have boomed, intra-Asia investment has grown, with the region's investors joining those from Europe and North America in competing for new markets and solid returns on investment.
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The contents of this publication are for reference purposes only and may not be current as at the date of accessing this publication. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action based on this publication.
© Herbert Smith Freehills 2020