Specific market rules and regulations regarding bankruptcy are included in the market home pages.

The Asia-Pacific Restructuring and Insolvency Guide 2006, linked below, provides a guide to explain the restructuring and insolvency frameworks of Asia-Pacific countries.

The Asian Institute of International Financial Law report entitled - Property Rights, Collateral and Creditor Rights is linked below. The report reviews the legal framework for creditor rights in some jurisdictions in the region. Their ratings on each market’s legal framework are shown in the table below.

The World Bank developed its Doing Business indicators to measure the effectiveness and enforcement of business regulations.

Amongst these indicators, the Recovery Rate Index measures the efficiency of foreclosure or bankruptcy procedures. Indicators measuring the time and cost of insolvency proceedings involving domestic entities are also provided.

The graphics in the right panel show some of the results. The full set of these indicators and an explanation of terms and methodology used can be viewed from the World Bank website.

Insolvency Asia provides studies on local insolvency regimes of specific markets at the link below.