The Path to Adoption of the New UNCITRAL Model Laws in the United Kingdom

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Abstract

This piece focused on recent developments analyses the industry’s response to the 2022 consultation and assesses to what extent the planned implementation of the MLEG in the UK is a welcome development in the country’s insolvency regulatory framework. While the author will not speculate as to whether other countries will follow the UK in implementing one or both UNCITRAL Model Laws, the adoption of one of these instruments by a leading insolvency and restructuring hub clearly marks a significant regulatory development – and may result in emulation or spillover effects in other jurisdictions.
Original languageEnglish
Pages (from-to)55-59
JournalInsolvency Law Journal
Volume32
Publication statusPublished - 30 Apr 2024

Keywords

  • cross-border insolvency
  • UNCITRAL Model Law
  • group insolvencies
  • insolvency-related judgments

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