Review for previous edition: The book is a must-read for judges.
In summary, this is an invaluable reference text on how the Model Law has thus far been adopted. It serves as a useful aide-mémoire to the status of the text in the jurisdictions covered and is thus of great utility to a range of potential users.
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Cross-border insolvency is an increasingly topical issue and cross-border insolvency practice continues to develop rapidly. Cross-Border Insolvency: A Commentary on the UNCITRAL Model Law, 4th Ed is an updated, enhanced edition covering the national implementation of the United Nations Commission on International Trade Law Model Law on Cross-Border Insolvency.
Written by specialists from each jurisdiction, this edition provides an in-depth, article-by-article analysis of the local enactment and application of the model law in each of the jurisdictions concerned, alongside consideration of the relationship between the model law and any existing cross-border insolvency jurisprudence. Each chapter adopts essentially the same format for ease of reference, addressing key concepts such as the centre of main interests, court-to-court communication, enforcement of security interests and the protection of debtors and creditors.
New to the fourth edition are chapters on Chile and the Philippines with an expanded South African chapter to include the OHADA countries.
This major fourth edition is an invaluable guide to the local application and comparative analysis of the model law for anyone dealing with cross-border insolvency issues. Lawyers in private practice or in-house, insolvency practitioners, government authorities, academics and students will find this expanded edition an essential addition to their library.