Thailand report – Corporate Restructuring and Insolvency in Asia 2020

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Reporter: Kanok Jullamon

Index

A. PRELIMINARY OUTLINE

B. RESCUES: OUT-OF-COURT AND IN-COURT (GOVERNANCE AND SUPERVISION)

i. Out-of-court workouts

ii. Pre-insolvency proceedings

iii. Formal insolvency proceedings in general

iv. Support structures (courts and state agencies)

v. Insolvency office-holders

vi. Directors and managers of distressed entities

vii. Conversion of proceedings

viii. Rescue financing

ix. Effect of the stay and moratorium

x. Ordinary and special contracts

xi. Ranking, priority and resolution of creditor claims

xii. Treatment of foreign creditors

xiii. Creditor supervision of proceedings

xiv. Employment, stakeholding and pension issues

xv. Avoidance and clawback rules and safe harbour provisions

xvi. Rescue plans and sale as a going concern

C. GROUP INSOLVENCY

D. INSOLVENCY OF MICRO, SMALL AND MEDIUM-SIZED ENTERPRISES

E. INTERNATIONAL AND CROSS-BORDER INSOLVENCY LAW

F. STATISTICS

APPENDIX OF LEGISLATION AND POLICIES REFERRED TO