UNCITRAL Legislative Guide on Insolvency Law, Part Three : Treatment of Enterprise Groups in Insolvency / UN.

Format:

Book

Government document

Author/Creator:

UN.

Language:

English

Subjects (All):

International Law and Justice.

Local Subjects:

International Law and Justice.

Physical Description:

1 online resource (124 pages)

Place of Publication:

[Place of publication not identified] : United Nations, 2012.

System Details:

text file

Summary:

Adopted in 2010, this text is designed to provide timely guidance to States on how to develop and improve the administration of the insolvency of enterprise groups, both domestically and in the cross-border context. It recognizes that the business of corporations is increasingly conducted, both domestically and internationally, through enterprise groups, which are therefore an important feature of the global economy and significant to international trade and commerce. Notwithstanding that significance, and the importance of knowing how a group will be treated in insolvency if its business fails, as well as the need for fast and efficient resolution of its financial difficulties, the Commission noted that very few, if any, States recognized enterprise groups as distinct legal entities or had a comprehensive regime for their treatment in insolvency.

Contents:

Introduction to part three

General features of enterprise groups

Addressing the insolvency of enterprise groups: Domestic issues

Addressing the insolvency of enterprise groups: International issues

Decision of the United Nations commission on international trade law on part three and general assembly resolution 65/24.

ISBN:

9789210557160

Access Restriction:

Restricted for use by site license.