Below is a summary of the key international bodies for restructuring and insolvency in Asia.
Asian Development Bank: The Asian Development Bank aims for an Asia and Pacific free from poverty. Its mission is to help developing member countries reduce poverty and improve the quality of life of their people.
Asia Infrastructure Investment Bank: The Asian Infrastructure Investment Bank is a multilateral financial institution founded to bring countries together to address the daunting infrastructure needs across Asia.
Asia-Pacific Economic Corporation (APEC): APEC is the premier Asia-Pacific economic forum. Our primary goal is to support sustainable economic growth and prosperity in the Asia-Pacific region.
Association of Southeast Asian Nations (ASEAN): ASEAN aims to accelerate economic growth, social progress and cultural development; promote regional peace and stability; promote active collaboration and mutual assistance on matters of common interest in the economic, social, cultural, technical, scientific and administrative fields; provide assistance (including training and research facilities in the educational, professional, technical and administrative spheres); promote Southeast Asian studies and maintain close and beneficial cooperation with existing international and regional organisations with similar aims and purposes.
The Organisation for Economic Co-operation and Development (OECD): The mission of OECD is to promote policies that will improve the economic and social well-being of people around the world.
The World Bank: The World Bank Group has set two goals for the world to achieve by 2030: end extreme poverty by decreasing the percentage of people living on less than $1.90 a day to no more than 3%, and promote shared prosperity by fostering the income growth of the bottom 40% for every country.
United Nations Commission on International Trade Law (UNCITRAL) Model Law on Cross-Border Insolvency: The core legal body of the United Nations system in the field of international trade law. A legal body with universal membership specializing in commercial law reform worldwide for over 40 years, UNCITRAL's business is the modernization and harmonization of rules on international business.