Insolvency Law in East Asia

Insolvency law reform has become a subject of public urgency in many countries in the past two decades and particularly in much of Asia over the last ten years. This volume provides an overview of insolvency laws and related rules and procedures in the countries of East Asia. The book comprises two introductory chapters dealing with issues such as legal culture and cross-border insolvency, before examining the fourteen principal jurisdictions in the region. Each chapter addresses the key themes of different insolvency regimes, such as: the legal system and culture; personal insolvency laws; corporate insolvency rules; court-based schemes of arrangement; winding-up procedures; liquidators; enforcement; and offences. This title will be an invaluable guide to academics, practitioners and policy makers working in the areas of comparative and commercial law.

'This comprehensive, authoritative and penetrating review of the insolvency laws of almost all the area's jurisdictions will become an indispensable reference point for anyone wishing to understand and evaluate commercial law reform in East Asia.' David Campbell, University of Durham, UK 'This book is essential reading for practitioners and scholars whose professional activities involve insolvency law or practice in East Asia. In particular, lawyers and accountants advising on transactions, business structures as well as actual or potentially insolvent situations will benefit significantly from this work. Not only does it analyse the respective legal principles and avenues for dealing with incidents of insolvency, but it is richly informed by the editor's long-standing interest in and research into the cultural aspects of insolvency administration in East Asian countries.' Peter Little, Queensland University of Technology, Australia 'Authored by experts in the field, Insolvency Law in East Asia is a ground-breaking work. It not only analyzes the legal rules and principles but also the contexts in which they have been evolved. It is a work which will be equally important for both practitioners and academics. Students will also find the wealth of information digested in this work instructive, interesting and easy to grasp. Congratulations to the authors.' D.K. Srivastava, City University of Hong Kong, Hong Kong '...this volume provides much material on matters of interest to readers, whether from the legal or academic perspective. There is a wealth of research material that would commend itself to academics and practitioners interested in comparative law and, in particular, those interested in charting the extent to which rescue is the watchword of global insolvency reforms.' International Corporate Rescue

Roman Tomasic is Research Professor in the Faculty of Business and Law, and Head of City Campus, Victoria University, Australia.