What is Law of UNCITRAL Cross Boarder Insolvency?
Law of UNCITRAL Cross Boarder Insolvency Cross Border Insolvency Meaning Insolvency of borrowers who have assets or creditors in different jurisdictions, or are subject to insolvency proceedings in multiple jurisdictions. Existing Provisions / Development Currently, only section 234 and 235 of the Code deal with cross border having limited scope. Separate Framework dealing with Cross …