Sudipta Sen was on the run when police arrested him on April 23 at Hotel Snow Land, a resort with views of the Himalayas in Sonamarg, India, about 2,700 kilometers northwest of his Kolkata base. Sen’s Saradha Realty India Ltd., the anchor of an empire that took in small deposits and promised payouts of land, apartments or a refund of clients’ money with interest rates as high as 24 percent, was defaulting on thousands of deals. Employees of Sen’s media companies hadn’t gotten paychecks in months.

But Buntenh, a 34-year-old Cambodian monk, is in hiding. Since last week’s crackdown on striking garment workers and supporters of the opposition political party in Phnom Penh, he’s been sleeping in the spare rooms of like-minded non-governmental organizations. He was briefly detained by police and then released on Jan. 2. Now he keeps on the move. The organization he founded—the Independent Monk Network for Social Justice (IMNSJ)—doesn’t have a fixed office anyway. But was born in the jungle not far from Angkor Wat, one of 12 children in a poor family.

Before the financial crisis life was simple for central bankers. They had a clear mission: temper booms and busts to maintain low and stable inflation. And they had a seemingly effective means to achieve that: nudge a key short-term interest rate up to discourage borrowing (and thus check inflation), or down to foster looser credit (and thus spur growth and employment). Deft use of this technique had kept the world humming along so smoothly in the decades before the crash that economists had declared a “Great Moderation” in the economic cycle.

Five years after the collapse of Lehman Brothers triggered the largest global financial crisis since the Great Depression, outsize banking sectors have left economies shattered in Ireland, Iceland, and Cyprus. Banks in Italy, Spain, and elsewhere are not lending enough. China’s credit binge is turning into a bust. In short, the world’s financial system remains dangerous and dysfunctional, Economia reported in a commentary. Worse, despite years of debate, no consensus about the nature of the financial system’s problems – much less how to fix them – has emerged.

For many Indonesians, the recent spike in goods and services has forced belt tightening, The Wall Street Journal Southeast Asia Real Time blog reported. Zainal, who sells fried rice on the side of a leafy Jakarta’s street, said he’s struggling to reduce his spending. He has been selling less fried rice as people are cutting back on eating out. “I’m making less money now than before,” Mr.

When China unleashed the largest stimulus package in its history in response to the 2008 crisis and slowing export markets in the west, it came at a price. Today China is grappling with a bill that some economists say has driven total debt to gross domestic product past 200 per cent, the Financial Times reported. While China offers the most extreme example of using debt to fund growth, it is a pattern that has been repeated across Asia.

The collapse of Japan Airlines Corporation (JAL), Japan’s “national flag carrier”resulted in the largest insolvency proceeding in Japanese corporate history outside of the financial services industry

Since antiquity, Cyprus has been a natural hub fort rade and international business. Its strategic geographical location at the crossroads of three continents, Europe, Asia and Africa, attracted many occupiers, from the Assyrians in the eighth century BC to theBritish in the twentieth.

In this latest issue of Global Insight, our global Restructuring team reports and comments on breaking legal developments in restructuring law across borders and in jurisdictions around the world. http://viewer.zmags.com/publication/a8d990fd#/a8d990fd/1

There are two main sources of confusion in the public corporate governance debate. One is the confusion about the role of public policy intervention. The other is a lack of empirical knowledge about the corporate landscape where rules are supposed to be implemented and the functioning of today’s equity markets, where voting rights and cash flow rights are traded. To mitigate some of this confusion, this paper provides both an analytical framework for the role of public policy and a description of the empirical context that influences the conditions for that policy.