Cross-Border Insolvency: The Enactment and Interpretation of the UNCITRAL Model Law

Cross-Border Insolvency: The Enactment and Interpretation of the UNCITRAL Model Law
ISBN-10
981105875X
ISBN-13
9789811058752
Series
Cross-Border Insolvency
Category
Law
Pages
270
Language
English
Published
2017-09-07
Publisher
Springer
Author
Neil Hannan

Description

This book examines the effect of the adoption of the United Nations Committee on International Trade Law (UNCITRAL) Model Law on Cross-Border Insolvency in five common law jurisdictions, namely Australia, Canada, New Zealand, the United Kingdom, and the United States of America. It examines how each of those states has adopted, interpreted and applied the provisions of the Model Law, and highlights the effects of inconsistencies by examining jurisprudence in each of these countries, specifically how the Model Law affects existing principles of recognition of insolvency proceedings. The book examines how the UNCITRAL Guide to enactment of the Model Law has affected the interpretation of each of its articles and, in turn, the courts’ ability to interpret and hence give effect to the purposes of the Model Law. It also considers the ability of courts to refer to amendments made to the Guide after enactment of the Model Law in a state, thereby questioning whether the current inconsistencies in interpretation can be overcome by UNCITRAL amending the Guide.

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