Commentary

5 UNCITRAL Model Law and Cross-Border Insolvency Regulations 2006

BANKRUPTCY AND INSOLVENCY (CORPORATE INSOLVENCY) vol 3(3)
| Commentary

5 UNCITRAL Model Law and Cross-Border Insolvency Regulations 2006

| Commentary

5 UNCITRAL Model Law and Cross-Border Insolvency Regulations 2006

The Cross-Border Insolvency Regulations 20061 give effect to the substance of the model law on cross-border insolvency (‘the Model Law’) adopted by the United Nations Commission on International Trade Law (‘UNCITRAL’) on 30 May 1997. The purpose on the part of UNCITRAL to adopt the Model Law was to harmonise cross-border insolvency throughout the commercial world.

The Cross-Border Insolvency Regulations 2006 were made pursuant to the power contained in Section 14(1) of the Insolvency Act 2000. They incorporate the Model Law in an amended form in Great Britain.

The provisions

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