Toward a Model Law for the Treatment of Distressed Local Public Entities

Eugenio Vaccari, Laura Coordes, Yseult Marique

Research output: Contribution to journalArticlepeer-review


This article provides a rationale for a potential model law for the treatment of distressed local public entities (LPEs). Building upon our previous work, a first-of-its-kind global study of the treatment of LPEs in distress, we contend that a model law for LPE distress should take a modular approach, outlining alternative options that can be tailored to different jurisdictions’ distinct legal traditions and cultures. Although most of the countries in our study do not have a comprehensive system in place to address LPE distress, the commonalities that emerged across the jurisdictions studied can provide a foundation to support a model law in this area. While we leave the task of drafting a model law to future work, this article moves the discussion forward by articulating the principles, gleaned from our study, that should guide the creation of a model law on this subject.
Original languageEnglish
Article number3
Pages (from-to)339
Number of pages360
JournalChicago-Kent Law Review
Issue number2
Publication statusPublished - 20 Dec 2023


  • local public entities
  • local authorities
  • financial distress
  • Model Law
  • insolvency
  • harnomisation

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