New Bankruptcy Court-Supervised Business Rehabilitation Scheme for SMEs Introduced

Thailand's amended Bankruptcy Act (No. 9) B.E. 2559 (2016) (the "Amendment") was published in the Royal Thai Government Gazette on 24 May 2016 and came into force on 25 May 2016. The Amendment is specifically aimed at small and medium-sized enterprises (SMEs). It introduces a new scheme which allows SMEs to enter into Court-supervised business rehabilitations.

Filed under:
Thailand, Insolvency & Restructuring, Litigation, Mayer Brown, Public company, Debtor, Debt, Limited partnership, United States bankruptcy court
Authors:
Maythawee Sarathai , James Rix , Kesara Summacarava
Location:
Thailand
Firm:
Mayer Brown JSM