Model Law on Cross-Border Insolvency of the United Nations Commission on International Trade Law : resolution / adopted by the General Assembly.

Model Law on Cross-Border Insolvency of the UN Commission on International Trade Law

Expresses its appreciation to the UN Commission on International Trade Law for completing and adopting the Model Law on Cross-Border Insolvency; requests the Secretary-General to transmit the text of the Model Law, together with the Guide to Enactment of the Model Law prepared by the Secretariat, to Governments and interested bodies; recommends that all States review their legislation on cross-border aspects of insolvency to determine whether the legislation meets the objectives of a modern and efficient insolvency system and, in that review, give favourable consideration to the Model Law, bearing in mind the need for an internationally harmonized legislation governing instances of cross-border insolvency; recommends also that all efforts be made to ensure that the Model Law, together with the Guide, become generally known and available.

Adopted without vote, 72nd meeting

UNCITRAL Model Law on Cross-Border Insolvency (1997)

13 p.

Adopted at the 72nd plenary meeting, 15 Dec. 1997.