EM rally makes a mockery of debt relief calls, for now – GlobalCapital

The US Federal Reserves whatever-it-takes approach to stabilising markets has had an unintended victim: serious discussions about debt relief in the emerging markets. As eye-wateringly high EM debt burdens are exacerbated by the economic effects of Covid-19, several high profile economists are frantically penning jointly-authored articles warning of an unprecedented debt crisis. Coordinated debt relief…

TBA mulls debt restructuring – Bangkok Post

Customers browse financial services at a Money Expo. The banking industry has been focusing on helping customers via several methods of debt restructuring. The Thai Bankers’ Association (TBA) is considering extending debt restructuring measures as the domestic economic recovery should take a couple of years. The banking industry has been focusing on helping customers ease…

India: Insolvency in times of COVID-19 – ICLG.com

In India, the Corporate Insolvency Resolution Process (hereinafter referred to as CIRP) is… In India, the Corporate Insolvency Resolution Process (hereinafter referred to as CIRP) is governed under the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as Code). Insolvency laws in India provides for an expeditious settlement of insolvency cases, protecting the interests of…