UNCITRAL Model Law on Cross-Border Insolvency

E764397

international legal instrument model law soft law instrument

The UNCITRAL Model Law on Cross-Border Insolvency is an internationally recognized legal framework that guides countries in handling insolvency cases involving debtors, assets, or creditors in multiple jurisdictions, promoting cooperation, legal certainty, and efficient cross-border insolvency proceedings.

Try in SPARQL Jump to: Surface forms Statements Referenced by

All labels observed (1)

Label	Occurrences
UNCITRAL Model Law on Cross-Border Insolvency canonical	1

Statements (58)

Predicate	Object
instanceOf	international legal instrument ⓘ model law ⓘ soft law instrument ⓘ
abbreviation	MLCBI NERFINISHED ⓘ
adoptedBy	UNCITRAL NERFINISHED ⓘ United Nations Commission on International Trade Law NERFINISHED ⓘ
adoptionDate	1997-05-30 ⓘ
adoptionOrganization	United Nations NERFINISHED ⓘ
adoptionPlace	Vienna NERFINISHED ⓘ
aimsTo	promote uniformity in cross-border insolvency rules ⓘ reduce obstacles to cross-border trade and investment caused by insolvency uncertainty ⓘ
draftedBy	UNCITRAL Working Group V (Insolvency Law) NERFINISHED ⓘ
fullName	United Nations Commission on International Trade Law Model Law on Cross-Border Insolvency NERFINISHED ⓘ
hasComponent	Chapter I – General Provisions ⓘ Chapter II – Access of Foreign Representatives and Creditors to Courts in this State ⓘ Chapter III – Recognition of a Foreign Proceeding and Relief ⓘ Chapter IV – Cooperation with Foreign Courts and Foreign Representatives ⓘ Chapter V – Concurrent Proceedings ⓘ Preamble ⓘ
implementationForm	enacted through domestic insolvency legislation ⓘ
influenced	Chapter 15 of the United States Bankruptcy Code ⓘ cross-border insolvency provisions of the United Kingdom Insolvency Act 1986 ⓘ cross-border insolvency regimes in numerous jurisdictions worldwide ⓘ
keyConcept	centre of main interests ⓘ cooperation and direct communication between courts ⓘ coordination of concurrent proceedings ⓘ foreign main proceeding ⓘ foreign non-main proceeding ⓘ foreign proceeding ⓘ foreign representative ⓘ recognition of foreign proceedings ⓘ relief upon recognition ⓘ
language	Arabic ⓘ Chinese ⓘ English ⓘ French ⓘ Russian ⓘ Spanish ⓘ
legalArea	cross-border insolvency ⓘ insolvency law ⓘ international commercial law ⓘ
providesFor	access of foreign creditors to local insolvency proceedings ⓘ automatic stay upon recognition of a foreign main proceeding ⓘ cooperation between courts and foreign representatives ⓘ cooperation between insolvency representatives ⓘ discretionary relief in support of foreign proceedings ⓘ
purpose	to facilitate the rescue of financially troubled businesses ⓘ to increase legal certainty for trade and investment ⓘ to promote cooperation between courts and other competent authorities of different States in cross-border insolvency cases ⓘ to promote fair and efficient administration of cross-border insolvencies ⓘ to protect and maximize the value of the debtor’s assets ⓘ to protect the interests of all creditors and other interested persons ⓘ to provide effective mechanisms for dealing with cases of cross-border insolvency ⓘ
relatedInstrument	UNCITRAL Legislative Guide on Insolvency Law NERFINISHED ⓘ UNCITRAL Model Law on Enterprise Group Insolvency NERFINISHED ⓘ UNCITRAL Practice Guide on Cross-Border Insolvency Cooperation NERFINISHED ⓘ
shortName	Model Law on Cross-Border Insolvency NERFINISHED ⓘ
status	non-binding model for national legislation ⓘ

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

United Nations Commission on International Trade Law → topicOf → UNCITRAL Model Law on Cross-Border Insolvency ⓘ