Restructuring & Insolvency Comparative Guide – Insolvency/Bankruptcy/Re-structuring

1 Legal framework

1.1 What domestic legislation governs restructuring and insolvency matters in your jurisdiction?

The Bankruptcy Act BE 2483 (AD 1940) is the primary legislation governing bankruptcy matters and was last amended in February 2018. Chapter III/I of the act deals with reorganisations. Bankruptcy and reorganisation procedures are stipulated in:

• the Bankruptcy Act;
• the Establishment of and Procedures for the Bankruptcy Court Act BE 2542 (AD 1999); (EPB); and
• the Regulations for Bankruptcy Cases BE 2549 (AD 2006).

1.2 What international / cross-border instruments relating to restructuring and insolvency have effect in your jurisdiction?

Thailand is not a party to any international treaty on the recognition of foreign judgments. There are…