Download or read book In Search of Debt Restructuring for Distressed Asian Companies in England written by and published by . This book was released on 2015 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: By studying the first English scheme of arrangement for an Asian company, this article examines how a distressed Vietnamese company can resort to English law for debt restructuring and sheds light on the English court's intention of promoting corporate rescue culture by sanctioning a ground-breaking stay in favour of a scheme of arrangement. The strength and limits of an English scheme of arrangement for an international corporate rescue are also analysed. This milestone case shows the United Kingdom's ambition to promote the city of London as a global debt restructuring centre by expanding its influence beyond the European Union and towards Asia. It may also encourage Asian jurisdictions to update national laws to accommodate challenges from the growth of global finances.