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    “Prospects of Success” and “Good Faith” in Thai Business Rehabilitation Petitions
    2024-06-11

    Over the past decade, business rehabilitation proceedings in Thai courts have received a great deal of attention from debtors and creditors, especially after the COVID-19 pandemic. Business rehabilitation and bankruptcy proceedings have different objectives in court. As a result, Thai courts have a different perspective and set of criteria for considering and approving rehabilitation proceedings than for bankruptcy petitions. Both proceedings are outlined in the Bankruptcy Act B.E 2483 (1940). This article mainly discusses in-court business rehabilitation proceedings.

    Filed under:
    Thailand, Insolvency & Restructuring, Litigation, Tilleke & Gibbins, Bank of Thailand
    Authors:
    Jidapa Srisummacheep , Alongkorn Tongmee
    Location:
    Thailand
    Firm:
    Tilleke & Gibbins
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