THAI AIRWAYS REHABILITATION
1 June 2020
Thai Airways International PCL (THAI) has entered rehabilitation proceedings under Chapter 3/1 of the Thai Bankruptcy Act.
What happens next?
Thailand’s Central Bankruptcy Court issued an order on 27 May 2020 accepting a rehabilitation petition filed by THAI. A hearing on the matter is scheduled for 17 August 2020.
tba
Useful links
Brief Summary of Rehabilitation Proceedings Under the Thai Bankruptcy Act
Legal Execution Department, Ministry of Justice (Thai language)
THAI - Investor Relations - Media Releases
THAI - 2019 Annual Report
THAI - 2019 Financial Statements
THAI - Share Price
THAI - Stock Exchange of Thailand notifications
THAI - Aircraft, Engine and Parts Trading
Edward Dever is an experienced restructuring lawyer During the Asian Economic Crisis, he was involved in numerous restructurings in Thailand, including the rehabilitation of companies under Ch. 3/1 of the Thai Bankruptcy Act, principally acting for creditors.
He provided input on the 1999 amendments to the Thai Bankruptcy Act which, among other things, made a number of adjustments to the rehabilitation proceeding provisions of the Act which were introduced in 1998.
This page has been provided as a general overview for creditors and other interested parties. PELEN and Edward Dever are not affiliated with Thai Airways International PCL.
You can contact Edward at enquiries@pelencorp.com
June 2020
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