1. INTRODUCTION 1
1.1 Complimentary work in the Asian Development Bank 2
1.2 Other projects and studies 2
1.3 Scope and content of the second phase of this project 3
1.4 Areas of particular interest 5
1.5 This report 7
2. THE CORPORATION AND CORPORATE MANAGEMENT
8
2.1 Corporate management and its relevance to corporate insolvency
law systems 8
2.2 Corporate management in the five economies 9
2.3 Korea 10
2.4 Malaysia 11
2.5 Thailand 12
2.6 Philippines 13
2.7 Indonesia 14
2.8 Training and education 15
2.9 Conclusions and proposals 16
3. THE BANKING SECTOR AND LENDING
PRACTICES 18
3.1 Relevance to insolvency processes 19
3.2 Philippines 21
3.3 Malaysia 21
3.4 Korea 22
3.5 Thailand 23
3.6 Indonesia 23
3.7 Conclusions and proposals 25
6. STATISTICS AND INFORMATION
40
6.1 Evaluation of the statistical information in the five economies
40
6.2 Suggestions for improvement 41
6.3 Conclusions and proposals 42
9. INFORMAL INSOLVENCY PROCESSES
61
9.1 Malaysia 62
9.2 Korea 64
9.3 Indonesia 66
9.4 Thailand 67
9.5 Philippines 69
9.6 Conclusions and proposals 69
10. INSOLVENCY CASE ADMINISTRATION
71
10.1 Indonesia 71
10.2 Thailand 72
10.3 Korea 72
10.4 Malaysia 73
10.5 Philippines 73
10.6 Conclusions and proposals 74
11. CROSS-BORDER CONSIDERATIONS
75
11.1 Cross-border insolvency legislation 75
11.2 Regional co-operation and collaboration 76
11.3 Conclusions and proposals 76