with principles of effective insolvency and creditor rights systems. 6 Jurisdictions should take further steps to complete the insolvency law reform process and improve: (i) the quality and efficiency of
corporate wealth creation. Importantly, the Principles have a proven record as the international reference point and as an effective tool for implementation: They have been adopted as one of the Financial
of the transaction Rich Asia Corporation Public Company Limited (“the Company”) has the debtor which is Rich Asia Industry Company Limited, subsidiary of the company. As the debenture creditor expedite
in VON’s subsidiary, V. O. Solar Company Limited (“V Solar”). The agreed purchase price is 26,809,661.99 Baht and a transfer of debt that IFEC, who is the creditor of 100,097,457.53 Baht, owed by VON
subsidiary, V. O. Solar Company Limited (“V Solar”). The agreed purchase price is 26,809,661.99 Baht and a transfer of debt that IFEC, who is the creditor of 100,097,457.53 Baht, owed by VON (the debtor), at
transaction Rich Asia Corporation Public Company Limited (“the Company”) has the debtor which is Rich Asia Industry Company Limited, subsidiary of the company. As the debenture creditor expedite the Company to
right to be the debenture creditor instead. Therefore, the separate financial statements will still state the same amount of debentures as 1,230,000,000 baht (One thousand Two hundred thirty million baht
Limited (“the Company”) has the debtor which is Rich Asia Industry Company Limited, subsidiary of the company. As the debenture creditor expedite the Company to pay the debt, So the Company has mortgage the
square meters at Baht 550,000,000 (Five hundred fifty million baht), for partial debt repayment to the Company’s debenture creditor. 3.2 Calculation of transaction value The calculation under the
debtor which is Rich Asia Industry Company Limited, subsidiary of the company. As the debenture creditor expedite the Company to pay the debt, So the Company has mortgage the subsidiary’s machine as