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.
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.