Search

The article focuses on United Nations Commission on International Trade Law (UNCITRAL) instruments include the Model Law on Insolvency Related Judgments (MLJ), and the Model Law on the Insolvency of Enterprise Groups (MLEG). It mentions join the existing Model Law on Cross Border Insolvency (MLCBI) and the Legislative Guide on Insolvency. It also mentions creditors, may choose a jurisdiction for strategic reasons distinct from either value maximization.

The article offers the author's insights on the decisions of Great Britain's House of Lords in the case McGrath v. Riddell (HIH). The author says that he applauds the decision of Lord Hoffmann in the case as it embodies the sort of reciprocal comity that lies on his approach of "universal proceduralism." Moreover, it demonstrates that cooperation in such cross-border insolvency cases cannot be unilateralism. The author also relates the case of Maxwell Communication Corp. PLC.