1. はじめに 新型コロナウイルス感染症により、入国制限等により人の移動が大きく制限され、旅客が大幅に減少しており、航空産業は大きな打撃を 受けています。そのような中、タイ政府は、本年 5 月 19 日、タイ国際航空が会社更生手続により再建を目指すことを決定 し、5 月 27 日、タイ中央破産裁判所は会社更生手続の申立てを受理しました。本年 8 月 17 日に第 1 回の債権者集会が開催される予定 です。 本ニューズレターでは、タイにおける事業再生に関する手続について解説します。 タイの倒産法制度は、破産と会社更生があり、いずれも 1940 年破産法 1 (Bankruptcy Act 1940)(｢破産法｣)に定められ、破産裁判所 (Bankruptcy Court)の監督下で実施されます。 会社更生手続(Business Reorganization)については、破産法の Chapter 3/1 に規定されており、支払能力のない債務者の事業維持と 再生を目的としています。アメリカ連邦倒産法の Chapter 11 を参考に立法されているため、Chapter 11 と類似している部分が多々見られま す。例えば、担保権者は原則として担保権の行使ができない点や、会社更生計画作成者が債務者の経営者でもよいとされ、DIP(Debtor In Possession)型も可能です。

The Covid-19 pandemic has had a significant and unprecedented impact on businesses around the world, especially the airline industry. Businesses in Thailand, even large state-owned enterprises, have not been immune to the effects of the pandemic or the resulting restrictions on movements of goods and people.

As business and commerce becomes increasingly cross-border in nature, it is important for businesses to have knowledge of restructuring and insolvency regimes of foreign jurisdictions. This is particularly relevant in the Southeast Asia region, given the close connection and links amongst the Southeast Asian states.

Thailand’s Official Receiver recently issued an important announcement relevant to all existing or potential creditors of Thai Airways International Public Company Limited (“Thai Airways International”). The announcement details the Central Bankruptcy Court’s Order for rehabilitation of Thai Airways International and was published in the Royal Gazette on October 2, 2020.

In episode 3 of our Business Rehabilitation Spotlight Series, we will discuss on the most crucial stage for creditors in a business rehabilitation proceeding, which is the “Debt Repayment Application.” According to Section 90/26 of Thai’s Bankruptcy Act B.E. 2483 (A.D.

2020 Tilleke & Gibbins International Ltd.

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CAMBODIA

JURISDICTION: CAMBODIA

Jay Cohen [email protected] With thanks to international intern Cassandra Allen

The Bankruptcy System in Cambodia

The bankruptcy system in Cambodia is governed by the 2007 Insolvency Law, which applies to all businesses (including natural persons operating sole proprietorships).

In the first article of our Business Rehabilitation Spotlight Series, we provided an overview of the anatomy of a typical business rehabilitation in Thailand where we focused on the key considerations for Thai and Foreign Creditors.

テーマ： 【タイ】仲裁手続に関するクラス・アクション制度の創設 【インドネシア】Eコマース事業に関する新たな商業大臣規制の制定 【ミャンマー】 (1)： モン州における新経済特区の開発計画の公表 (2)： 最近の商業省の動き 【マレーシア】COVID-19影響軽減のための暫定措置法案提出 【シンガポール】倒産・リストラクチャリング・解散法の施行 【フィリピン】遠隔地からの株主総会及び取締役会への出席

MHM Asian Legal Insightsは、アジア各国における最新の法律情報をタイムリーにお届けするニュースレターです。

Thailand is currently facing challenges as a result of a global economy under pressure from the COVID-19 pandemic, leading numerous companies to struggle with insolvency. Some companies will be facing this stress in multiple jurisdictions with current travel restrictions hindering their ability to deal with any resultant crisis in person.

For aircraft leasing companies, having to repossess an aircraft from an airline that misses its rental payments is usually an option of last resort. The repossession process in Thailand can be time-consuming and costly, and often precludes future earnings. However, as a number of Thai airlines have defaulted on their payments over recent years, lessors have been left with no choice but to seek recovery of their valuable assets. This article provides an overview of the practical and legal considerations of aircraft repossession in Thailand.