806. The Cross-Border Insolvency Regulations 2006 and the UNCITRAL Model Law.

The Cross-Border Insolvency Regulations 20061 have been enacted which give effect to the United Nations Commission on International Trade Law ('UNCITRAL') model law on cross border insolvency2. The model law is designed to encourage cooperation and coordination between jurisdictions, rather than attempting the unification of substantive insolvency law. The UNCITRAL model law has the force of law in Great Britain with certain modifications to adapt it for application in Great Britain3.

The UNCITRAL model law as so modified applies where: (1) assistance is sought in Great Britain by a foreign court or a foreign representative in connection with a foreign