Saturday, September 23, 2006
The World Bank and the University of Hong Kong’s Asian Institute of International Financial Law (AIIFL) have each published reports on finance in East Asia. The World Bank's report, entitled "The Road to Robust East Asian Financial Markets," is available here. The AIIFL's report, available here, is intended to support the WB's report through a study of property rights, collateral, and creditor rights in East Asia. The study includes comparative appraisals of current national bankruptcy and securitisation laws. According to the blurb,
AIIFL's study concludes that while much has been done in building the legal and institutional framework to support property rights and their use in East Asia, considerable weaknesses remain in most countries, especially in relation to enforcement, and in the comprehensiveness of national law.