BUSINESS

Creditors' claims for debt repayment in reorganisation

Business, Tilleke & Gibbins International Ltd, Published on 08/07/2016

» Thailand's economy does not paint an image that befits the country's reputation as the "Land of Smiles". Politics, drought, floods and conflict in the Deep South have taken their toll on Thai businesses. As a result, we have seen a steadily rising number of business reorganisations over the past few years. This article outlines Thailand's business reorganisation procedures and how creditors can collect debts from companies involved in reorganisation.