News on Asia Insolvency

THAILAND

Sep

BANKRUPTCY CODE: Changes to increase protection; More safeguards for honest borrowers

BANKRUPTCY DISPUTE: Thai Fishery opposes receivership order

COMPANIES & FINANCE: ASIA-PACIFIC: TPI creditors offered debt-equity swap

DEBT RESTRUCTURING: TPI rehabilitation plan is completed

Aug


Thai Petrochemical rehabilitation plan deadline extended to Sept 23: report

THAI PETROCHEMICAL INDUSTRY: Revival plan put back one month: Major creditors seek revision

UCOM paging unit may be shut down: report

June


Thai Petrochemical Predictions Show a Need for Fresh Capital

Closed Prime Bank tops PDIC claims list

TPI units' rehabilitation petition accepted by bankruptcy court

Effective Planner to meet TPI creditors on July 7

WORLD NEWS: ASIA-PACIFIC: Bangkok warned to push on debt restructuring

RESTRUCTURING: FRA to pay B7bn to creditors following debtor's court ruling - FIDF to have first claim on the funds

IMF ends programme in Thailand amid worries about corporate debt

Tanayong Struggles to Save Skytrain From Insolvency

May

Debt restructuring regimes in Thailand

INTERVIEW:Fitch IBCA Finds Improvements In Thailand

TPI planner optimistic over future

SCB: SHIN to hold 43 pct of restructured ITV

Thai iTV Board Approves Debt Workout; Shin Corp Stake

Thai Business Briefs:Ferrier Named Robinson Creditors Rep

Ferrier Hodgson appointed to represent Robinson creditors1

Inbrief: Court approves planner for NTS

Robinson talks go on


PHILIPPINES

Sep

NSC receiver seeks 2-week debt payment suspension; prepares liquidation plan

Aug

The View from Taft: Insolvency and corporate recovery

BSP proposes liquidation of NSC to reduce banks' burden

June

Central bank urges Urban Bank receiver to accept more rehabilitation proposals

Equitable PCIBank favors Victorias receiver alternative rehab plan

PDIC readies liquidation of rural bank

SEC allows National Steel receiver to enter contracts to preserve assets

ASB Group creditors ask SEC to reconsider debt payment reprieve, receiver

SOUTH KOREA

Aug

Korea Merchant Banking declared insolvent, ops to be suspended for 3 mths

Woo Bang Housing files for court receivership

June

Corporate credit crunch may dampen economic growth

SKorea May insolvency ratio rises to 0.19 pct vs 0.16 in April

S KOREA DRAWS UP GUIDELINE FOR FINANCIAL HOLDING CO

Banking Sector Likely To See Additional Insolvencies Worth 2-3 Trln.

Seoul provides funds for Korea Merchant Banking

Creditor group rejects debt restructuring for Saehan Ind.

May

Loans to Two Hyundai Affiliates Trigger Alarm Among Investors

JAPAN

Sep

Corporate Bankruptcies rise

Sogo's Tama store closes

Phoenix Resort seeking aid in restructuring

Sogo's erratic aristocrat: MANAGEMENT JAPANESE RETAILING:

Aug

Rehabilitation is choice for failed Taisho: administrator

June

COMPANIES & FINANCE: ASIA-PACIFIC: Nihon files for bankruptcy

Japan Building Project Goes Bust, Leaving 2nd Biggest Debt

Ex-LTCB affiliate goes under with biggest debt under new law

JAPAN S DAI ICHI HOTEL REAL ESTATE ARM APPLIES FOR LIQUIDATION

Failed Namihaya Bank to be taken over by Daiwa Bank group+.

May

Court Permits Nagasakiya to Start Rehabilitation

Debt-ridden Seiyo Corp. likely to be liquidated

Daihyaku Life Insurance collapses; govt to guarantee payouts

Daiwa Bank, Bank of Kinki agree to take over Namihaya Bank

 

HONG KONG, CHINA

Sep

Interform Ceramics suspended pending receivership announcement

June

Guangnan, GDI debt restructuring talks progressing smoothly

Transparency to come at a price Billing scrutiny proposal to hit creditors in pocket as practitioners clock in every six minutes

Zhengzhou Baiwen seeking restructuring opportunities/ bankruptcy possible

Guangdong Enterprises expects to complete restructuring by August

May

Peregrine unit payouts in July

 

INDONESIA

June

IBRA loses another legal fight against defaulters

Supreme Court rejects IBRA appeal in Sumi Asih bankruptcy case

May

Indonesia Supreme Court Rules Bakrie Finance Bankrupt

Dharmala Sakti Sejahtera declared bankrupt

IBRA asks Supreme Court to review Ometraco/Sumi Asih cases

SINGAPORE

June

Bankruptcy dips as economy picks up

May

Court orders winding up of Tong Tien See

 

MALAYSIA

June

Receivers and managers for RHTB named

INDIA

Sep

India: Cleaning up the insolvency system

India: Eradi panel for changes in insolvency law

India: BIFR confirms wind-up of Perfect Drugs

 

TAIPEI,CHINA

PAKISTAN

 

Miscellaneous

Sep

China's DITIC to be declared bankrupt

Push coming to shove in bank restructuring, THE VIETNAM INVESTMENT

REORGANIZATION OF SHANGHAI SHAPED STEEL CO. APPROVED

China may see 9 in 10 dotcoms going bankrupt this year: report

June

Tanzania to Restructure State-Owned Banks, XINHUA

Surya Dumai sees debt restructuring completed by yearend instead of June

BSP, PDIC raps vs Urban next week exclude DOSRI abuse?

ASB rehab efforts face another bank rejection

Time Engineering creditors meeting postponed