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

Skadden, Arps, Slate, Meagher & Flom LLP

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.