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Property Rights, Collateral, Creditor Rights, and Insolvency in East AsiaDouglas W. ArnerUniversity of Hong Kong - Faculty of Law Charles D. BoothInstitute of Asian-Pacific Business Law, William S. Richardson School of Law, University of Hawaii at Manoa; University of Hawaii at Manoa - William S. Richardson School of Law Paul LejotUniversity of Hong Kong - Faculty of Law Berry Fong Chung HsuDepartment of Real Estate and Construction, University of Hong Kong August 1, 2007 Texas International Law Journal, Vol. 42, 2007 Abstract: This article examines the relationships within East Asia between economic development, governance, property rights, provisions for the deployment of collateral and the creation of secured financial transactions, and creditor rights and their relationship with insolvency. No sophisticated market economy or market-based financial system can exist without these prerequisites, regardless of indigenous or acquired national characteristics or the form manifested by that system. However, in no national case in East Asia can the legal, regulatory, or policy background be described as either complete or fully integrated.
Number of Pages in PDF File: 45 Keywords: East Asia, property rights, collateral, secured transactions, creditor rights, insolvency Accepted Paper SeriesDate posted: March 25, 2009 ; Last revised: February 21, 2011Suggested CitationContact Information
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