Singapore Lawyers Warn of 1998-Like Pain as Debt Defaults Spread

  • `A while before any significant recovery' Rajah & Tann says
  • Banks likely to boost sales of soured loans: Hogan Lovells

Lawyers Warn of 1998-Like Debt Pain

Rajah & Tann Singapore LLP, Southeast Asia’s largest law firm, reckons the region’s rising bond defaults will inflict as much pain on creditors as the financial crises of 2008 and 1998.

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