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The 1997-1998 Asian financial crisis exposed serious deficiencies in the insolvency systems of many countries. In response, many governments have undertaken sweeping reforms to strengthen their insolvency systems and rebuild their economies, including promulgating new laws, introducing new procedures to facilitate restructuring, strengthening courts and related institutions, and recapitalising financial institutions. This volume brings together a comparative report and studies of the insolvency systems of Indonesia, Korea, Malaysia, the Philippines, Singapore and Thailand. These papers examine, among other things, the extent to which each country was affected by the financial crisis, the effectiveness and efficiency of formal and informal insolvency procedures, recent initiatives undertaken, and areas in need of further reforms. In addition, this publication includes an introductory note summarising the findings and conclusions from the November 1999 conference on "Insolvency Systems in Asia: An Efficiency Perspective".

Bank failures -- Southeast Asia -- Congresses. --- Bankruptcy -- Southeast Asia. --- Banks and banking -- Government policy -- Southeast Asia. --- Finance -- Government policy -- Southeast Asia. --- Southeast Asia -- Economic policy. --- Bankruptcy --- Bank failures --- Finance --- Banks and banking --- Government policy --- Agricultural banks --- Banking --- Banking industry --- Commercial banks --- Depository institutions --- Funding --- Funds --- Failure of banks --- Cessio bonorum --- Insolvency --- Privileged debts --- Law and legislation --- Financial institutions --- Money --- Economics --- Currency question --- Business failures --- Commercial law --- Debt --- Southeast Asia --- Economic policy --- Faillite --- Banques --- Finances --- Congresses --- Congresses. --- Congrès --- Faillites --- Politique gouvernementale --- Asie du Sud-Est --- Politique économique