The European Insolvency Regulation has a separate chapter on data protection of insolvency registers and data transferred when selling an insolvent company. The General Data Protection Regulation takes effect on 25 May 2018. How will it influence the EIR?
International commercial courts are on the rise to serve the needs and realities of international commerce. Taking a recent study, some features of the Singapore International Commercial Court are compared to plans to set up a Netherlands Commercial Court.
Draft legislation in the USA will limit the choice of courts where insolvency cases can be handled. The draft bill will effectively limit access to the popular bankruptcy courts in New York and Delaware. It will not be adopted without a political struggle.
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.
In a recent report of the European Law Institute (ELI) over 100 recommendation are made on a variety of themes affected by the rescue of financially distressed, but viable businesses. These include security rights and contract, corporate and labour law.
International Insolvency Institute (III) recommends the ALI-III Global Principles and Guidelines 2012 for use in all regions of the world. These non-binding principles and guidelines contribute to the architecture of international insolvency.