Crossborder Insolvency Resolution Current Affairs, GK & News

UNCITRAL Model Law for Crossborder Insolvency Resolution

A committee set by the Ministry of Corporate Affairs has recommended the UNCITRAL model law for cross-border insolvency resolution. The committee makes the following recommendations for addressing the cross-border insolvency: Adopting the UNCITRAL or United Nations Commission on International Trade Laws on cross-border insolvency. The UNCITRAL model law envisages a balance between liquidation and reorganization ..

Topics: Crossborder Insolvency Resolution • IBC • Insolvency and Bankruptcy Code • Insolvency Resolution • International Trade • Ministry of Corporate Affairs • UNCITRAL model law • United Nations Commission on International Trade Laws • United Nations General Assembly