Ep.65 - Understanding the UNCITRAL Model Law
INSOL Talks
History and Impact of the UNCITRAL Model Law
This chapter examines the history and evolution of the UNCITRAL Model Law on Cross-Border Insolvency from its inception in 1994 to its adoption in 1997. It highlights the collaborative efforts of stakeholders and outlines the model law's significant advantages and key features, including improved cross-border insolvency processes. Additionally, the chapter discusses its global implementation, emphasizing how various countries are integrating it to enhance their financial frameworks and investment climates.
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