Asia: Insolvency/Bankruptcy/Re-Structuring

Significant economic challenges facing Thailand in recent years have placed financial pressure on both individuals and businesses. As a result, many debtors may find themselves unable to meet their repayment obligations, leading to bankruptcy proceedings.

The Insolvency and Bankruptcy Code, 2016 (“IBC”) was introduced as a path-breaking legislation to provide a time-bound and creditor-driven process for the resolution of corporate insolvency in India.

India’s tribunal system was conceived as a response to the limits of the ordinary judiciary: chronic arrears, increasing regulatory complexity and the need for specialised fora to adjudicate technical disputes. Over time, however, tribunals have ceased to be merely supplemental institutions and, in several sectors, have come to replace constitutional courts as the primary fora for administrative, corporate and economic adjudication.

In Re Fantasia Holdings Group [2026] HKCFI 3449, the Hong Kong Court of First Instance sanctioned a scheme of arrangement under section 670 of the Companies Ordinance...

The Insolvency and Bankruptcy Code, 2016 (“IBC”) was introduced as a path-breaking legislation to provide a time-bound and creditor-driven process for the resolution of corporate insolvency in India.

The Supreme Court of India has delivered a landmark ruling addressing the growing threat of AI-generated fabricated legal precedents in judicial proceedings. In Pooja Ramesh Singh v. Jammu and Kashmir Bank Ltd., the Court established a zero-tolerance policy toward hallucinated case law, setting aside tribunal orders that relied on non-existent judgments while establishing comprehensive guidelines for the responsible use of artificial intelligence in the legal profession.