Bankruptcy reform reshapes debtor-creditor partnership

Article Abstract:

Asian countries may be able to recoup efficiently from the adverse consequences of the regional financial crisis by promoting debtor-creditor relationship rather than recoursing to liquidation measures. By facilitating debtor-credit partnership, as what Thai and Indonesian officials have done, creditors may be able to effect business restructuring programs, while providing new loans to debtors. Such an alternative further provides legislators with various opportunities to focus on bankruptcy and moratorium proceedings.

Commercial Banks, Commercial Banking, Business Credit Institutions, All Other Nondepository Credit Intermediation, Business Financing, Evaluation, Economic aspects, Column, Commercial finance companies, Indonesia, Asia, Debtor and creditor, Commercial credit

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Markets turn cold shoulder: mild finance measures leave investors sulky

Article Abstract:

The Thai government announced a financial restructuring plan to reform the battered financial sector. Some analysts, however, were disappointed over the plan's lack of details and absence of tough measures. Thai officials had hinted at raising capital requirement for banks, but the restructuring package did not say anything about it. Meanwhile, the government surprisingly lifted most restrictions on foreign ownership in domestic banks and finance companies.

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Thailand aims to let foreigners own approved properties

Article Abstract:

Thailand is proposing to enable foreign ownership of office and condominium buildings in response to a damaging property glut and a shortage of real estate transactions. The government aims to employ a covert approach to circumvent laws than prohibit foreign ownership. The new proposal is designed to sell of finished or nearly finished projects, projects that are at least 70% finished.

Real Estate, Real Estate and Rental and Leasing, Intnl Affairs & Finance, National Security and International Affairs, Laws, regulations and rules, Real estate industry, Property

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