Rationale for the UNCITRAL guidance In the wake of the 2008 credit crunch and the increase in cross-border insolvencies, the United Nations Commission on International Trade Law (UNCITRAL) adopted guidance to deal with directors' obligations in relation to individual companies pre-insolvency called part four of the Legislative Guide (the Legislative Guide, Part Four). The topic was proposed by the UK, INSOL International and the International Insolvency Institute (III). UNCITRAL's remit is to further the unification of international trade laws and encourage harmonisation, and Legislative Guide, Part Four was developed in order to further this aim. In particular, a greater degree of harmonisation of national approaches will give greater certainty and predictability for creditors and directors. The Legislative Guide, Part Four was formally approved by UNCITRAL on 18 July 2013 (see Report of UNCITRAL 46th session A/68/17, para 204). Additional recommendations to deal with the group companies were later added in July 2019 (see Practice Note: UNCITRAL Text on obligations of directors of enterprise group companies in the period approaching