Epilogue

….The capital flight that we experienced after the August 21, 1983 assassination and the most recent Asian Crisis may just be replayed anew, but this time, with much more deadly blows to our economy and polity. With the uncertainties in global economy, it is not unlikely that
other forms of financial and economic disasters may plague the
Philippines or her neighboring countries in the future. Hence, as
part of our nation’s preparations for these events, our leaders
must therefore formulate a strategy of rescue, relief and
rehabilitation for distressed corporations. This is what the law on
corporate rehabilitation should address.

By this book, I hope my ideas may somehow find their way
in the process of formulation of such a law in Congress or in any
revision of procedural rules by the Supreme Court, as these
institutions may deem them relevant and useful. For now, I would
like to take comfort that this book may provide guidance to
debtors and creditors as well as the key players in the distressed
debt market, in working within the present legal framework of
corporate rehabilitation.