Launched in January 2016, the Asian Business Law Institute (ABLI), a subsidiary of the Singapore Academy of Law, is a permanent institute based in Singapore that initiates, conducts and facilitates research with a view to providing practical guidance in the field of Asian legal development and promoting the convergence of Asian business laws. Its mission is to remove unnecessary or undesirable differences between Asian legal systems that pose obstacles to free and seamless trade.
ABLI’s long-term strategic direction in accordance with its aims is set by its Board of Governors chaired by The Honourable the Chief Justice Sundaresh Menon of the Supreme Court of Singapore. The Board comprises representatives from Australia, China, India and Singapore and other internationally renowned legal experts.
The International Insolvency Institute (III) is a non-profit, limited-membership organisation dedicated to advancing and promoting insolvency as a respected discipline in the international field. Its primary objectives include improving international co-operation in the insolvency area and achieving greater co-ordination among nations in multinational business reorganisations and restructurings, with membership drawn from the most senior and respected insolvency practitioners, judges and academics in the world and it has valuable liaisons with many of the most senior regulatory and administrative professionals in the insolvency field.
III, due to its exceptional membership, its international leadership, and its resources, plays a valuable and highly significant role in the international insolvency field. It has achieved a worldwide reputation and is developing into a catalyst for improvement and change in the international insolvency area that has few, if any, equals.
“Mayer Brown embraced participation in the project launched by the Asian Business Law Institute on the publication of Corporate Restructuring and Insolvency in Asia. The Asia Pacific region covers diverse legal regimes some with their roots in with civil law and others having common law backgrounds. This variability is compounded by differences in the development of restructuring and insolvency laws, with some hanging to antiquated concepts of the past and others embracing modern frameworks and concepts for dealing with restructuring and insolvency , including the accession to international treaties such as the UNCITRAL Model Law on Cross Border Insolvency. This variability results in legal concepts, practices and procedures that are markedly different from country to country. The ability to draw together eminent practitioners and legal scholars to give their insights and understanding of how the law actually works in these 16 jurisdictions, is invaluable to anyone involved in the practice of restructuring and insolvency. Mayer Brown wishes the ABLI every success with the promotion of this publication.”
"This publication, contributed by dedicated practitioners in the Asia-Pacific region, gives businesses a collective perspective of restructuring and insolvency in an economically diverse part of the world. This publication tells businesses that there is always hope when their corporate vessels sail into troubled waters, especially today where the world faces a crisis as a result of the Covid-19 pandemic. Lee Hishammuddin Allen & Gledhill, Malaysia, is honoured and proud to be given the opportunity to contribute and participate in this publication."