UNCITRAL Model Law on Cross-Border Insolvency

E764397

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.

All labels observed (4)

How this entity was disambiguated

Statements (58)

Predicate Object
instanceOf international legal instrument ⓘ
model law ⓘ
soft law instrument ⓘ
abbreviation MLCBI ⓘ
adoptedBy UNCITRAL ⓘ
United Nations Commission on International Trade Law ⓘ
adoptionDate 1997-05-30 ⓘ
adoptionOrganization United Nations ⓘ
adoptionPlace Vienna ⓘ
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) ⓘ
fullName United Nations Commission on International Trade Law Model Law on Cross-Border Insolvency ⓘ
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 ⓘ
UNCITRAL Model Law on Enterprise Group Insolvency ⓘ
UNCITRAL Practice Guide on Cross-Border Insolvency Cooperation ⓘ
shortName Model Law on Cross-Border Insolvency ⓘ
status non-binding model for national legislation ⓘ

How these facts were elicited

Referenced by (4)

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 ⓘ
UNCITRAL Model Law on Cross-Border Insolvency → fullName → United Nations Commission on International Trade Law Model Law on Cross-Border Insolvency ⓘ
linked to: UNCITRAL Model Law on Cross-Border Insolvency
UNCITRAL Model Law on Cross-Border Insolvency → shortName → Model Law on Cross-Border Insolvency ⓘ
linked to: UNCITRAL Model Law on Cross-Border Insolvency
UNCITRAL Working Group V → worksOn → UNCITRAL Model Law on Cross‑Border Insolvency ⓘ
linked to: UNCITRAL Model Law on Cross-Border Insolvency