Debtor-friendly restructuring regimes should not be introduced in Asia, as the risk of corporate fraud is too great.
While most panellists at the Asia-Pacific Loan Markets Association’s (APLMA) annual conference debated the re-emergence of the loan markets, speakers on the restructuring session struck a cautionary note on what happens when a borrower defaults.
“We’re seeing a shift to more debtor-aligned proceedings in Asia,” said...