Legal Framework for Cross-Border Insolvency

This article discusses the legal framework for cross-border insolvency, including the UNCITRAL Model Law on Cross-Border Insolvency, CBI Agreements, and the ALI Guidelines Applicable to Court-to-Court Communication in Cross-Border Cases.

Questions

• What is the UNCITRAL Model Law on Cross-Border Insolvency?
• What are CBI Agreements?
• What are the ALI Guidelines Applicable to Court-to-Court Communication in Cross-Border Cases?

Answers

• The UNCITRAL Model Law on Cross-Border Insolvency is a set of international rules that provide a framework for cooperation between courts in different countries when dealing with cross-border insolvency cases.
• CBI Agreements are private agreements between parties to a cross-border insolvency case that set out the terms for how the case will be handled.
• The ALI Guidelines Applicable to Court-to-Court Communication in Cross-Border Cases provide guidance on how courts in different countries can communicate with each other about cross-border insolvency cases.