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Insolvency Law & Practice in Asia
Insolvency law has become a growth industry around the world over the last decade or so. In recent years, this renewed interest in the form and administration of insolvency law has also begun to be felt around Asia. The development and growth of market economies has seen the enactment of new insolvency laws in Singapore, China, and Vietnam with reform efforts being evident in the other jurisdictions, such as Hong Kong. As markets mature and as growth slows down, the need for effective modern insolvency laws has become more apparent.
Globally, there has been a move to try to put in place more effective corporate rescue regimes to facilitate the rescue of sound companies, which might otherwise be wound up. With the increasing globalisation of markets there has also been an increasing regimes, as is attested by the work of UNCITRAL in regard to this problem. At the same time, business has come to expect an increasing harmonizing of basic legal approaches to handling insolvency problems.
However, despite the increasing internationalization of trade and commerce and some harmonization of insolvency laws, these laws remain primarily state-based bodies of law, built upon particularistic rather than universalistic assumptions. Despite the similarities between the legal traditions found in different parts of Asia, whether these be common law or civil law traditions, local cultural factors have continued to play a very important part in determining the impact of insolvency laws in each jurisdiction.
This book has sought to examine the influence of these local cultural factors, which are so crucial to the effective administration of insolvency laws across Asia. It is hoped that this book will be of use to insolvency practitioners, business persons, researches and law reformes interested in Asian insolvency law problems.
B010791 | 346.078 Tom i | Perpustakaan Hukum Daniel S. Lev (YSHK) | Tersedia |
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