UNCITRAL Model Laws on Cross-Border Insolvency and on the Recognition and Enforcement of Insolvency-Related Judgments

Edited by Reinhard Bork, Professor, University of Hamburg, Germany; Senior Research Fellow, Commercial Law Centre, Harris Manchester College, Oxford, UK and Visiting Professor, Radboud University, Nijmegen, the Netherlands and Michael Veder, Professor of Insolvency Law, Radboud Business Law Institute, Faculty of Law, Radboud University, the Netherlands and Attorney/Adviser, RESOR

‘The book makes a fresh and important addition to literature on the topic. It contains an extensive and elaborate analysis by authors from across the globe. Several audiences are likely to find this an interesting book. Users will include legislators, considering these Model Laws, as well as practitioners to get a better understanding of a provision’s meaning and impact in other countries. This is a timely book furthermore for courts, to learn how courts in other countries apply the rules and for students across the world who are interested in the evolution and internal dynamics of these Model Laws.’

• Contents MLCBI Preamble 1Reinhard Bork and Michael VederCHAPTER I MLCBI ARTICLE 1: SCOPE OF APPLICATIONArticle 1 Scope of application 9Irit MevorachArticle 2 Definitions 18Irit MevorachArticle 3 International obligations of this State 35Irit MevorachArticle 4 [Competent court or authority] 38Irit MevorachArticle 5 Authorization of [insert the title of the person or body administering reorganization orliquidation under the law of the enacting State] to act in a foreign State 42Kristin van ZwietenArticle 6 Scope of application 47Kristin van ZwietenArticle 7 Additional assistance under other laws 63Kristin van ZwietenArticle 8 Interpretation 70Reinhard BorkCHAPTER II MLCBI ARTICLE II: ACCESS OF FOREIGNREPRESENTATIVES AND CREDITORS TO COURTS INTHIS STATEArticle 9 Right of direct access 79Virginia TorrieArticle 10 Limited jurisdiction 89Virginia TorrieArticle 11 Application by a foreign representative to commence a proceeding under [identifylaws of the enacting State relating to insolvency] 99Virginia TorrieArticle 12 Participation of a foreign representative in a proceeding under [identify laws of theenacting State relating to insolvency] 110Michael VederArticle 13 Access of foreign creditors to a proceeding under [identify laws of the enacting Staterelating to insolvency] 115Michael VederArticle 14 Notification to foreign creditors of a proceeding under [identify laws of the enactingState relating to insolvency] 124Michael VederCHAPTER III RECOGNITION OF A FOREIGN PROCEEDING AND RELIEFArticle 15 Application for recognition of a foreign proceeding 134G. Ray WarnerArticle 16 Presumptions concerning recognition 150G. Ray WarnerArticle 17 Decision to recognize a foreign proceeding 171G. Ray WarnerArticle 18 Subsequent information 184G. Ray WarnerArticle 19 Relief that may be granted upon application for recognition of a foreign proceeding 188Christopher SymesArticle 20 Effects of recognition of a foreign main proceeding 199Christopher SymesArticle 21 Relief that may be granted upon application for recognition of a foreign proceeding 210Christopher SymesArticle 22 Scope of application 226Reinhard BorkArticle 23 Actions to avoid acts detrimental to creditors 241Reinhard BorkArticle 24 Intervention by a foreign representative in proceedings in this State 255Reinhard BorkArticle 25 Cooperation and direct communication between a court of this State and foreigncourts or foreign representatives 262Stephan MadausArticle 26 Cooperation and direct communication between the [insert the title of a person or bodyadministering a reorganization or liquidation under the law of the enacting State] andforeign courts or foreign representatives 274Stephan MadausArticle 27 Forms of cooperation 279Stephan MadausCHAPTER IV CONCURRENT PROCEEDINGSArticle 28 Commencement of a proceeding under [identify laws of the enacting State relating toinsolvency] after recognition of a foreign main proceeding 293Catarina SerraArticle 29 Coordination of a proceeding under [identify laws of the enacting State relating toinsolvency] and a foreign proceeding 306Catarina SerraArticle 30 Coordination of more than one foreign proceeding 317Catarina SerraArticle 31 Presumption of insolvency based on recognition of a foreign main proceeding 323Catarina SerraArticle 32 Rule of payment in concurrent proceedings 334Catarina SerraMLIJ Preamble 346Michael VederArticle 1 Scope of application 358Michael VederArticle 2 Definitions 360Michael VederArticle 3 International obligations of this State 374Michael VederArticle 4 Competent court of authority 378Michael VederArticle 5 Authorization to act in another State in respect of an insolvency-related judgmentissued in this State 380Michael VederArticle 6 Additional assistance under other laws 382Wan Wai YeeArticle 7 Public policy exception 385Wan Wai YeeArticle 8 Interpretation 388Wan Wai YeeArticle 9 Effect and enforceability of an insolvency-related judgment 390Wan Wai YeeArticle 10 Effect of review in the originating State on recognition and enforcement 392Wan Wai YeeArticle 11 Procedure for seeking recognition and enforcement of an insolvency-relatedjudgment 395Rodrigo RodriguezArticle 12 Provisional relief 404Rodrigo RodriguezArticle 13 Decision to recognize and enforce an insolvency-related judgment 409Rodrigo RodriguezArticle 14 Grounds to refuse recognition and enforcement of an insolvency-related judgment 415Rodrigo RodriguezArticle 15 Equivalent effect 445Rodrigo RodriguezArticle 16 Severability 450Rodrigo RodriguezArticle X Recognition of an insolvency-related judgment under [insert a cross-reference to thelegislation of this State enacting Article 21 of the UNCITRAL Model Law on Cross-BorderInsolvency] 453Rodrigo RodriguezBibliography 463