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Conclusion

In: Insolvency Law Reforms in Asian Developing Countries

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  • Yuka Kaneko

    (Kobe University)

Abstract

This book has detected each country’s unique modifications to the donors’ model towards an incorporation of procedural steps to increase the consideration for existing creditors and stakeholder. It seems that the practical needs for indirect finance supersedes the expectation for M&A-type investment promotion in these developing countries in the pursuit of industrial incubation. Also through the observation of the actual practice of corporate and financial sectors, though it still seems premature to expect the insolvency law to play an active function as a forum for reasonable negotiation, we may expect a gradual change of legal culture that enables the reasonable utilization of insolvency law as the basis of sustainable corporate finance.

Suggested Citation

  • Yuka Kaneko, 2022. "Conclusion," SpringerBriefs in Economics, in: Insolvency Law Reforms in Asian Developing Countries, chapter 0, pages 73-75, Springer.
    • Handle: RePEc:spr:spbchp:978-981-16-8302-2_5
    DOI: 10.1007/978-981-16-8302-2_5
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