Solving Problems in Cross-border Insolvency: What Can We Learn From The UNCITRAL Model law?
- Date: Wednesday 11 November 2015, 12:00 – 13:00
- Location: University of Leeds
- Cost: Free event, registration is required in advance
Cross-border insolvency is one inevitable consequence of international business.
Regulating multinational insolvency cases could be very complicated since there are creditors from different countries while more than one jurisdiction are involved. The UNCITRAL Model law on cross-border insolvency is one of the main international regimes in regulating cross-border insolvency. This system is trying to encourage the cooperation among involved insolvency courts in order to achieve greater efficiency. The law have been adopted by 40 jurisdictions, including major economies such as the US, Japan and the UK. The seminar will discuss the major uncertain issues of cross-border insolvency and the main features and problems of the UNCITRAL Model Law.