| Abstract: | Recent events in international financial markets have focused regulators' and lenders' attention not only on the importance of insolvency laws as an integral part of the regulation of market economies but also on the need to facilitate the administration of multi‐jurisdictional insolvencies. In this context, UNCITRAL has proposed a Model Law on Cross‐border Insolvencies for adoption by its member states. Australia contributed to the relevant UNCITRAL deliberations and is considering possible adoption of the Model Law. This article outlines the Law's main features and its potential impact on current Australian procedures for dealing with cross‐border insolvencies. Copyright © 1999 John Wiley & Sons, Ltd. |
