Recent events in international ยฎnancial markets have focused regulators' and lenders' attention not only on the importance of insolvency laws as an integral part of the regulation of market economies but also on the need to facilitate the administration of multijurisdictional insolvencies. In this c
The UNCITRAL model cross-border insolvency law: the stay of proceedings and adequate protection
โ Scribed by Keith D. Yamauchi
- Publisher
- John Wiley and Sons
- Year
- 2004
- Tongue
- English
- Weight
- 264 KB
- Volume
- 13
- Category
- Article
- ISSN
- 1180-0518
- DOI
- 10.1002/iir.120
No coin nor oath required. For personal study only.
โฆ Synopsis
The United Nations Commission on International Trade Law [hereinafter UNCI-TRAL] adopted a Model Law on Cross-Border Insolvency in 1997 [hereinafter the Model Law]. 1 Much has already been written on the Model Law, including very comprehensive guidelines that UNCITRAL itself prepared. 2 Most scholars and law commissions praise UNCITRAL for attempting to harmonize a very diโcult and, at times, unfair state of the law involving the reorganization of businesses with operations in two or more countries. 3 The Model Law is nothing more than a law that the United Nations and others hope countries will adopt.
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