Model Law on Recognition and Enforcement of Insolvency-Related Judgments of the United Nations Commission on International Trade Law

A/RES/73/200No PDF available

Who created this mandate?

A Resolution of the General Assembly, under agenda item 80Report of the United Nations Commission on International Trade Law on the work of its 51st session, published in 2019.

What subjects does this mandate have?

2 topics

Cross-Border Insolvency Model Laws

What does this mandate say?

4 operative paragraphs

Expresses its appreciation to the United Nations Commission on International Trade Law for finalizing and adopting the Model Law on Recognition and Enforcement of Insolvency-Related Judgments1 and its guide to enactment;

Requests the Secretary-General to transmit the text of the Model Law, together with its guide to enactment, to Governments and other interested bodies;

Recommends that all States give favourable consideration to the Model Law when revising or adopting legislation relevant to insolvency, bearing in mind the need for internationally harmonized legislation governing and facilitating instances of cross-border insolvency, and invites States that have used the Model Law to advise the Commission accordingly;

Also recommends that all States continue to consider implementation of the Model Law on Cross-Border Insolvency of the United Nations Commission on International Trade Law.

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Who created this mandate?

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What does this mandate say?

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