Jay Cohen, partner and director of Tilleke & Gibbins’ office in Phnom Penh, has authored the Cambodia chapter of the Asian Business Law Institute (ABLI ) Corporate Restructuring and Insolvency in Asia 2020 guide. This comprehensive guide aims to help companies easily navigate the diverse legal regimes in Asia surrounding restructuring and insolvency while facing times of adversity—such as those presented by the COVID-19 pandemic.
The Cambodia chapter is split into several sections, each providing an overview of specific areas of restructuring and insolvency practice, as regulated by local law. These sections include:
- Rescues: Out-of-Court and In-court (Governance and Supervision)
- Support Structures (Courts and State Agencies)
- Insolvency Office-Holders
- Directors or Managers of Distressed Entities
- Conversion of Proceedings
- Rescue Financing
- Effect of the Stay and Moratorium
- Ordinary and Special Contracts
- Ranking, Priority, and Resolution of Creditor Claims
- Treatment of Foreign Creditors
- Creditor Supervision of Proceedings
- Employment, Stakeholding, and Pension Issues
- Avoidance and Clawback Rules and Safe Harbor Provisions
- Rescue Plans and Sales as a Going Concern
- Group Insolvencies
- Small and Medium-sized Enterprises
- International and Cross-border Insolvency Law
The full ABLI Corporate Restructuring and Insolvency in Asia 2020 guide covers 16 jurisdictions across the region, and is available for purchase online on ABLI’s website.
To access the full Cambodia chapter, please download the PDF below.