UNCITRAL Adopts the Model Law on Enterprise Group Insolvency

International Corporate Rescue

Kathlene M. Burke

Associate Kathlene Burke looks at the Model Law on Enterprise Group Insolvency that was recently adopted by the United Nations Commission on International Trade Law. The model law addresses the coordination of multiple insolvency proceedings, allows for "planning proceedings" to develop a group insolvency solution, and provides for relief that might be needed when managing and coordinating an enterprise group insolvency.
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