Again, virtually all insolvency systems already have provisions in place to enhance recoveries by insolvency administrators from parties who have engaged in improper transactions with the debtor prior to its insolvency, but many of these provisions are difficult to enforce in the event of a multinational insolvency.

(iv) The insolvency representative in the insolvency of the grantor or

Insolvency

(e) In the area of insolvency, the UNCITRAL Model Law on Cross Border Insolvency and the UNCITRAL Legislative Guide on Insolvency Law

Developments in insolvency law adoption of the UNCITRAL Model Law on Cross Border Insolvency

Insolvency law

Insolvency law

That's insolvency.

That's insolvency.

In any event, it may be necessary to determine the balance of responsibilities between the interim insolvency representative and the debtor with respect to the operation of the debtor's business, bearing in mind that no determination as to commencement of insolvency proceedings has been made.

Recommendations 115 (impact of insolvency on conflict of laws rules) and 116 (enforcement in insolvency proceedings)

The proposed mechanism distinguishes between illiquidity, impending insolvency, and full insolvency.

(ll) Insolvency estate means assets and rights of the debtor that are controlled or supervised by the insolvency representative and subject to the insolvency proceedings.

While these procedures may be appropriate on a stand alone basis involving solvent entities, they may conflict with other competing procedures in the event of an insolvency.

Insolvency Guide recommendations

(b) Insolvency law

(b) Insolvency law

Directors' and officers' responsibilities and liabilities in insolvency and pre insolvency cases

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.

Effectiveness of security rights in insolvency

In 2004, the EBRD completed its Legal Indicator Survey on Insolvency and its Insolvency Sector Assessment to provide stakeholders in insolvency cases with an understanding of the extensiveness and effectiveness of insolvency legal regimes in 25 of the EBRD's countries of operations.

(46) The insolvency law should specify that, on commencement of insolvency proceedings add a, b, c, d, e

(iii) The insolvency administrator.

Domestic insolvency law treatment

Cross border insolvency legislation

Creditors in insolvency proceedings

International Insolvency Institute (III)

B. Cross border insolvency

(nn) Insolvency representative means a person or body responsible for administering the insolvency estate.

Existing treatment of corporate groups in insolvency

C. Treatment of corporate groups in insolvency

Protection and preservation of the insolvency estate

Impact of insolvency on the law applicable

In any event, the court will generally not have access to expertise or information additional to that provided by the insolvency representative on which to base its decision.

So this isn't insolvency anymore.

UNCITRAL has a proven track record in insolvency law work, developing both the Model Law on Cross Border Insolvency and the Legislative Guide on Insolvency Law in comparatively short periods of time.

(49) The insolvency law should specify that the measures applicable on commencement of insolvency proceedings remain effective throughout those proceedings until

A distinct advantage of work in the insolvency area is that the insolvency area covers and applies to fraudulent activity of all kinds.

1346 2000 on Insolvency Proceedings nor the UNCITRAL Model Law on Cross Border Insolvency addresses the issue.

(kk) Insolvency court means a judicial or other authority competent to control or supervise an insolvency proceeding.

The insolvency law should specify that, if a security right is entitled to priority under law other than the insolvency law, that priority continues unimpaired in insolvency proceedings except if, pursuant to the insolvency law, another claim is given priority.

This note includes recommendations taken from the UNCITRAL Legislative Guide on Insolvency Law (the Insolvency Guide), indicated by numbers in parentheses (the numbers reflect the numbers of the Insolvency Guide), and recommendations A K, which are new and therefore additional to the recommendations in the Insolvency Guide.

Former US Federal Reserve Chairman Alan Greenspan may be right when he says This crisis is different a once or twice a century event deeply rooted in fears of insolvency of major financial institutions.

(62) The insolvency law should permit the insolvency representative to determine the treatment of any assets that are burdensome to the estate.

Short of a miracle, Greece looks close to insolvency.