6 July 2009 – UNCITRAL Practice Guide on Cross-border Insolvency Cooperation
INSOL is pleased to inform you that on 1st July 2009, the UNCITRAL formally adopted the UNCITRAL Practice Guide on Cross-border Insolvency Co-operation. The Practice Guide contains detailed guidance to judges on court to court co-operation including the appointments of persons to act at the direction of the court; the communication of information between courts; the co-ordination of administration and supervision of the debtor’s assets and the approval of agreements (protocols) concerning the co-ordination of proceedings. The Guide also includes detailed consideration of the form, negotiation and contents of crossborder protocols.
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