(a) In relation to each type of insolvency procedure available in the legal system of this economy, what assets of the corporate debtor are available to its administrator to satisfy the claims of its creditors?

All assets owned by the debtor company at the time of declaration of bankruptcy (Bankruptcy Law Article (Article 6). There is no limitation of assets available to creditors in other insolvency procedures.

(a) To what extent and in what circumstances may the administrator of a corporate debtor take steps to recover assets of the debtor by overturning past transactions involving property of the debtor? (for example preferences given to certain creditors over others, invalid charges granted by the debtor, uncommercial transactions entered into by the debtor, profits on sales to and from the debtor at an undervalue or overvalue.)

The administrators can deny and avoid certain transactions which have been done between the debtor company and a creditor or a third party to the prejudice of other creditors around the time of crisis or intentionally (Bankruptcy Law Articles 72 and 74, Corporate Reorganisation Law Aticles 78 and 80). For example, the administrator can avoid the repayment made by the debtor company to the creditor after the application of bankruptcy provided that the creditor was then aware that such application had been made.

(b) What powers or mechanisms are available to each type of administrator for investigation of the affairs of the corporate debtor, for examination of persons formerly involved in the management or control of the debtor, and for the discovery of assets of the debtor?

Mail inspection and interview with former management and inspection of books and records. If the former representative director fails to tell the truth, the penalty within one year imprisonment will be imposed(Bankruptcy Law Articles 153 and 382 and Corporate Reorganisation Law Articles 98-2 and 294)).

(c) What procedures may be employed by each type of administrator for the recovery of assets of the corporate debtor which are available for distribution to creditors? (for example initiation of legal proceedings, compensation from directors.)

Legal proceedings. There is a system of appraisal of damages which should be compensated by directors under the Corporate Reorganisation Law (Article 72). A director who does not accept such appraisal can issue a legal proceeding against the bankruptcy court's disposition.