Recently the UNCITRAL Model Law on Cross-Border Insolvency was adopted by Chile, the Philippines and Singapore. The Model Law is praised as a tool to draft a country’s provisions of international insolvency law. Now 20 years old, is it time for a revamp?
The Conference of European Restructuring and Insolvency Law (CERIL) acts as an independent non-profit think tank committed to the improvement of legal and practice frameworks at national and European levels. In September CERIL issued its first statement.