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Legislative Guide on Insolvency Law

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The Legislative Guide on Insolvency Law was prepared by the United Nations Commission on International Trade Law (UNCITRAL). The project arose from a proposal made to the Commission in 1999 that UNCITRAL should undertake further work on insol- vency law, specifically corporate insolvency, to foster and encourage the adoption of effec- tive national corporate insolvency regimes. An exploratory meeting to consider the feasi- bility of such a project was held in December 1999. On the basis of the recommendation of that meeting, the Commission gave Working Group V (Insolvency Law) a mandate to prepare a comprehensive statement of key objectives and core features for a strong insol- vency, debtor-creditor regime, including out-of-court restructuring, and a legislative guide containing flexible approaches to the implementation of such objectives and features, includ- ing a discussion of the alternative approaches possible and the perceived benefits and detriments of such approaches.1 To seek input from the international insolvency community on the key objectives and the scope of the core features of an insolvency regime to be included in the Guide, an international colloquium, organized in conjunction with INSOL International and the International Bar Association, was held in December 2000.
The first draft of the legislative guide on insolvency law was considered by Working Group V in July 2001 and work developed through seven one-week sessions, the final meeting taking place in late March 2004. In addition to representatives of the 36 member States of the Commission, representatives of many other States and a number of inter- national organizations, both intergovernmental and non-governmental, participated actively in the preparatory work. The work was also undertaken in close collaboration with Working Group VI (Security Interests), to ensure coordination of the treatment of security interests in insolvency with the legislative guide on secured transactions being developed by UNCITRAL.

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Detail Information

Series Title

Legislative Guide on Insolvency Law

Call Number

-

Publisher

USA : UNITED NATIONS., 2004

Collation

1-400

Language

English

ISBN/ISSN

92-1-133736-4

Classification

NONE

Content Type

-

Media Type

-

Carrier Type

-

Edition

1st Edtion

Subject(s)

Law

Specific Detail Info

-

Statement of Responsibility

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Other version/related

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