 In its very first decision, the Court ruled on the constitutionality of four emergency
executive decrees issued by the Chuan government to deal with the Asian financial crisis.The government had issued the decrees in early May 1998 to expand the role of the Financial Restructuring Authority and the Assets Management Corporation, to settle the debts of the Financial Institutions Development Fund through the issue of 500 billion THB in bonds, and to authorize the Ministry of Finance to seek 200 billion THB in overseas loans.The opposition New Aspiration Party (NAP) did not have the votes to defeat the bills, and therefore, on the last day of debate, invoked Article 219 of the Constitution to question the constitutionality of an emergency decree.