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Given the current financial market crisis and economic uncertainty, cross-border insolvency is more topical than ever. Cross-Border Insolvency: A Commentary on the UNCITRAL Model Law (Second Edition) is an updated, enhanced edition covering the national implementation of the UNCITRAL Model Law on Cross-Border Insolvency.
Written by specialists from each jurisdiction, this forthcoming new edition provides an in-depth, article-by-article analysis of the local enactment and application of the model law in each of the jurisdictions concerned, alongside consideration of the relationship between the model law and any existing cross-border insolvency jurisprudence. Each chapter adopts the same format for ease of reference, addressing key concepts such as the centre of main interests, court-to-court communication, enforcement of security interests and the protection of debtors and creditors.
New to the second edition are chapters on Australia, the Cayman Islands, New Zealand and South Korea, and an in-depth analysis of recent case law such as the landmark US decisions in Bear Stearns.
This major new edition provides an invaluable guide to the local application and comparative analysis of the model law for anyone dealing with cross-border insolvency issues. Lawyers in private practice or in-house, insolvency practitioners, government authorities, academics and students will find this expanded edition an essential addition to their library.