Update on UNCITRAL: The New Model Law for Enterprise Group Insolvencies

Skadden Publication

Associate Kathlene Burke reviews the United Nations Commission on International Trade Law's new Model Law for Enterprise Group Insolvencies. The model law was developed to address a gap in the original Model Law on Cross-Border Insolvency, which had not foreseen the need to address the management and coordination of multiple insolvency proceedings of affiliated companies belonging to a single enterprise group.