Civil Rehabilitation Law

Civil Rehabilitation Law

A bankruptcy law in Japan allowing a company to force a lender to change the terms of the loan in order to alleviate the company's bad debt. The law was enacted in 2000 in the wake of the Asian financial crisis.
References in periodicals archive ?
Air Do, which is struggling to turn around its operations under the Civil Rehabilitation Law, said it generated the profit as it wiped out cumulative losses by tapping all of its capital and obtaining a 3.
Code-sharing is the main pillar of a rehabilitation program by Air Do in support of ANA as Air Do has been undergoing court-mandated restructuring under the civil rehabilitation law.
Air Do is now in the process of court-mandated restructuring under the civil rehabilitation law with the backing of ANA.
They were arrested in violation of Civil Rehabilitation Law provisions that stipulate penalty for acts against creditors, after being questioned by the police earlier Wednesday.
In an earnings report for fiscal 2003, the airline, now seeking rehabilitation under the Civil Rehabilitation Law, posted a 1.
a property management company, said Thursday it has filed for bankruptcy protection under the civil rehabilitation law, estimating its liabilities at 15 billion yen.
The airline, which is undergoing rehabilitation under the fast-track Civil Rehabilitation Law, said it was the first pretax profit since its 1996 founding.
The company filed an application with the Tokyo District Court for protection under the Civil Rehabilitation Law in April 2008 and was delisted in June that year.
The airline, which is undergoing rehabilitation under the fast-track Civil Rehabilitation Law, will shortly report a pretax profit of over 100 million yen for the half year for the first pretax profit either on a full- or half-year basis, they said.
on Monday filed for bankruptcy protection under the civil rehabilitation law with the Tokyo District Court and was granted protection from creditors, the major nonbank lender said.
The Tokyo-based midsize realtor, which filed for court protection from creditors under the fast-track civil rehabilitation law in March, is expected to finish liquidating debts by the end of October, company officials said.
Under the Civil Rehabilitation Law, the designer house will continue operating, the sources said.