THAILAND Trends and Developments Contributed by: Nathee Silacharoen, Tawatchai Boonmayapan and Norrapat Werajong, Chandler Mori Hamada
provide a court-backed framework for out-of-court plans. The legislation is currently under review and is expected to be enacted in the coming year. What to Expect Insolvency mechanisms continue to play a critical role for financially distressed businesses in Thailand, not - withstanding the receding impact of the COVID-19 pandemic. Looking ahead, attention will be focused on the measures adopted by Thai authorities to address persistent challenges and to attract foreign investment as a means of supporting economic recovery.
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