The UNCITRAL Legislative Guide on Insolvency Law(the Legislative Guide) elaborates the key objectives which an insolvency regime should aim to achieve and recommends consideration of the following key objectives.
Enactment of the UNCITRAL Model Law on Cross-Border Insolvency is recommended"(UNCITRAL Legislative Guide on Insolvency Law, part one, chapter I, section A).
The advantage of focusing on systems in the insolvency area is that the insolvency area ultimately applies to all activities whenever an insolvency or reorganization occurs.
Working Group V(Insolvency Law) completed its last project, the UNCITRAL Legislative Guide on Insolvency Law, at its thirtieth session in MarchApril 2004.
Obviously, protection of the criminal process and the needs of public authorities are extremely important, however, the effect of such actions on creditors and the insolvency process can be substantial.
A/CN.9/582/Add.3跨国案件中跨国界无力偿债规程.
A/CN.9/582/Add.3 Cross-border insolvency protocols in transnational cases.
一州可能制定全面的无力偿债制度;.
One state may adopt a system of general insolvency;
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