Part II of the book explores the progress towards the creation of international arrangements to co-ordinate and rationalise the conduct of insolvency proceedings which have cross-border features, particularly where the debtor is capable of being subjected to concurrent proceedings in two or more jurisdictions. Central to the developments described in detail in this Part are the EC Regulation on Insolvency Proceedings, in force throughout the UK since May 2002, and the UNCITRAL Model Law on Cross-Border Insolvency, which is due for enactment in the UK.
This book deals with the problems generated by those cases of insolvency (either of an individual or of a company) involving more than one system of law, that bring into operation the principles and methods of private international law. The author provides guidance on the ways in which workable solutions to practical problems can be achieved using national and international remedies now available, including assistance available from foreign courts. Both English and international law is covered in detail, including the EC Regulation on Insolvency Proceedings, in force throughout the UK since May 2002, and the UNCITRAL Model Law on Cross-Border Insolvency, which is due for enactment in the UK.
This book deals with the problems generated by those cases of insolvency (either of an individual or of a company) involving more than one system of law, that bring into operation the principles and methods of private international law. The author provides guidance on the ways in which workable solutions to practical problems can be achieved using national and international remedies now available, including assistance available from foreign courts. Both English and international law is covered in detail, including the EC Regulation on Insolvency Proceedings, in force throughout the UK since May 2002, and the UNCITRAL Model Law on Cross-Border Insolvency, which is due for enactment in the UK.