Cambodia

Uncertainty over the law, inexperienced judges and a total lack of precedent have made bankruptcy in Cambodia a decidedly worrisome proposition, The Phnom Penh Post reported. Two years ago yesterday, on January 9, 2013, telecommunications operator MFone filed for insolvency in the Phnom Penh courts. The failure of the company, which had run up too much debt and could no longer compete in the crowded telco sector, left more than 1,000 workers jobless - many of whom hit the streets in protest.
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Donor countries to the Khmer Rouge tribunal have commended the war crimes court for beginning its first trial on Tuesday, a step it claims moves Cambodia much closer to achieving justice and national reconciliation. But as congratulatory messages flood in, donors remain silent on further pledges to the financially troubled chambers, failing to allay fears by officials that the court's Cambodian side looks set to become bankrupt by the end of the month, The Phnom Penh Post reported.
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