- INSOL protocol aims to reduce costs and administration by enabling recognition across borders
- Original news
- What is the legal effect of the protocol?
- Who is the protocol aimed at, and when is it suggested it should be used?
- How does the protocol interact with the United Nations Commission on International Trade Law (UNCITRAL) model law on insolvency and the Recast Regulation on Insolvency (EU) 2015/848?
- What are the main proposals in the protocol?
- What does this mean in practice for insolvency practitioners (IPs) dealing with individuals who have assets in several jurisdictions?
Restructuring & Insolvency analysis: Alan Bennett, partner at Ashfords LLP, assesses the legal effect of the Protocol (the protocol) published by the International Association of Restructuring, Insolvency & Bankruptcy Professionals (INSOL) for international recognition of insolvency proceedings affecting natural persons, its main proposals, and how it interacts with other insolvency provisions.
Sign in or take a trial to read the full analysis.
To continue reading this news article, as well as thousands of others like it, sign in to LexisPSL or register for a free trial