Revision of the Guide to Enactment of the Model Law on Cross-Border Insolvency and Part 4 of the Legislative Guide on Insolvency Law of the United Nations Commission on International Trade Law

A/RES/68/107 A-BView PDF

Who adopted this document and its mandates?

A Resolution of the General Assembly, under agenda item 79 Report of the United Nations Commission on International Trade Law on the work of its 46th session, published in 2013.

What subjects does this mandate have?

3 subjects

Cross-Border Insolvency Guidelines Model Laws

What’s in this document?

7 operative paragraphs

A

Expresses its appreciation to the United Nations Commission on International Trade Law for revising the Guide to Enactment of the Model Law on Cross-Border Insolvency;Error: Reference source not found

Requests the Secretary-General to publish, including electronically, the text of the Guide to Enactment and Interpretation of the Model Law on Cross-Border Insolvency, together with the text of the Model Law on Cross-Border Insolvency,³ and to transmit it to Governments and interested bodies, so that it becomes widely known and available;

³Resolution 52/158, annex.

Recommends that the Guide to Enactment and Interpretation of the Model Law on Cross-Border Insolvency be given due consideration, as appropriate, by legislators, policymakers, judges, insolvency practitioners and other individuals concerned with cross-border insolvency laws and proceedings;

Also recommends that all States continue to consider implementation of the Model Law on Cross-Border Insolvency, and invites States that have enacted legislation based upon the Model Law to advise the Commission accordingly.

B

Expresses its appreciation to the United Nations Commission on International Trade Law for developing and adopting part four of the Legislative Guide on Insolvency Law, addressing the obligations of directors of an enterprise in the period approaching the insolvency of that enterprise;⁵

⁵Official Records of the General Assembly, Sixty-eighth Session, Supplement No. 17 (A/68/17), chap. V, sect. B.

Requests the Secretary-General to publish, including electronically, the text of part four of the Legislative Guide and to transmit it to Governments and other interested bodies;

Recommends that all States utilize the Legislative Guide to assess the economic efficiency of their insolvency law regimes and give favourable consideration to the Guide when revising or adopting legislation relevant to insolvency, and invites States that have used the Guide to advise the Commission accordingly.

Who adopted this document and its mandates?

What subjects does this mandate have?

What’s in this document?

A

B

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