- Home
- News & Insights
- Insights
- Disputes Quick Read:…
- Auf dieser Seite
18. Juli 2022
Disputes Quick Read – 106 von 105 Insights
Disputes Quick Read: UK government consults on potential new cross-border Model Laws
On 7 July 2022 the UK government launched a consultation on the implementation of two model laws adopted by the United Nations Commission on International Trade Law (UNICTRAL): the Model Law on Recognition and Enforcement of Insolvency-Related Judgments and the Model Law on Enterprise Group Insolvency. The government claims that the consultation signals the UK's 'ongoing commitment to mutual cooperation and international best practice' in cross-border insolvencies.
Background
The UK has previously implemented the UNICTRAL Model Law on Cross-Border Insolvency in the form of the Cross-Border Insolvency Regulations 2006 ("CBIR"). This Model Law has been enacted in 48 states across the world and provides a framework for those states to recognise and enforce foreign insolvency proceedings.
However, it is ambiguous in relation to the extent to which foreign insolvency judgments should be recognised and enforced which has resulted in different countries taking different approaches to the issue. In the UK, the Supreme Court has held that the CBIR does not extend to recognition of insolvency judgments whereas in the US, the Model Law (adopted in Chapter 15 of the Bankruptcy Code) is regarded as enabling the courts to recognise and enforce foreign insolvency judgments.
The Model Law on Cross-Border Insolvency also does not provide a framework for insolvencies of groups of companies in various jurisdictions which means that they are often conducted in a disjointed way.
Key proposals
The UK government believes that adoption of these two new Model Laws will go some way to addressing the gaps in the current Model Law regime.
Model Law on Recognition and Enforcement of Insolvency-Related Judgments:
- Because of concerns over the interaction of this Model Law with English law, the government proposes to implement only "Article X".
- Article X would supplement the CBIR by allowing courts to recognise foreign insolvency-related judgments as a form of relief (effectively overruling the UK Supreme Court decision in Rubin and another (Respondents) v Eurofinance SA and others [2012] UKSC 46 in this respect), but also meaning that it would be available only where a foreign insolvency proceeding has been recognised under the CBIR.
- The government also proposes to publish a non-exhaustive list of factors that a court may take into account when deciding whether or not to recognise a foreign judgment.
- The court will be required to have regard to public policy in the UK, but will retain its discretion as to the relief granted.
Model Law on Enterprise Group Insolvency:
- This Model Law aims to coordinate a group insolvencies by ensuring that group members can cooperate effectively in implementing a plan regardless of the jurisdictions in which they operate, including avoiding or minimising multiple parallel insolvency proceedings where possible.
- Corporate groups looking to utilise this regime in the UK will need to initiate a 'planning proceeding' by applying to court to commence the group plan alongside a qualifying UK insolvency process.
- The coordination of the planning proceeding will be carried out by a group representative.
- A group insolvency situation must be approved under the law of each relevant state.
- The enforcement of the group insolvency solution in the various jurisdictions is a matter for each jurisdiction. However, the government anticipates that the UK courts will consider whether a group insolvency solution will be effective in the relevant jurisdictions when reaching their decision on the group plan.
Comment
The (partial) adoption of the two proposed Model Laws should enhance the flexibility and reach of the UK's insolvency legislation. Article X will give the courts a framework to recognise foreign insolvency judgments where that might not have been possible under the existing insolvency regime.
However, the effectiveness of the Model Law on Enterprise Group Insolvency will depend partly on how many countries follow the UK's lead and implement the Model Law. If uptake is low, then the impact is likely to be limited.
The government anticipates that it will implement the Model Law on Enterprise Group Insolvency as soon as possible. Both Model Laws could be implemented fairly quickly given they do not require an act of parliament to be given effect.
The consultation closes on 29 September 2022.
Find out more
To discuss the proposals in more detail, please contact a member of our Restructuring & Insolvency team.
In dieser Serie
The sting and the tale
Andrew Howell and Natalia Faekova unpack an extraordinary case. A Mexican billionaire's strong fraud claim. Former Israeli intelligence operatives hired to target the defendant's solicitor. Secret recordings over wine and dinner. A judge who called it 'anathema to civil litigation' but may have been 'too lenient'.
19. November 2025
Opening the doors: how the January 2026 pilot will transform access to court documents
During an LSLA lecture on transparency and open justice, Mrs Justice Cockerill, recently appointed as Deputy Head of Civil Justice, outlined a pilot practice direction (PD) that will place select court documents squarely in the public domain via a new, public-facing side of the electronic court file (CE-File).
21. Oktober 2025
von mehreren Autoren
Collective actions impacting big tech - Ireland set to test the boundaries in ICCL v Microsoft
11. Juni 2025
von Ryan Ferry, Edwina Kelly
Wirral Council v Indivior plc: Court of Appeal upholds strike out of opt-in representative action securities claim
30. Januar 2025
von Katie Chandler
What are the litigation trends in 2025?
22. Januar 2025
von mehreren Autoren
Changes to the privilege rules between companies and shareholders
6. Dezember 2024
Victory for energy companies/defeat for the environment?
14. November 2024
von Tim Strong, Kate Hamblin
Failure to prevent fraud offence to come into force in September 2025
14. November 2024
von Emma Allen
Non-Disclosure Agreements - updated guidance from the SRA
8. November 2024
Essex Cricket Club charged by Cricket Regulator
30. Oktober 2024
von mehreren Autoren
UK introduces mandatory reimbursement rules to combat APP fraud
15. Oktober 2024
von Emma Allen, Andrew Spencer
Important environmental ruling?
16. Juli 2024
von Tim Strong, Kate Hamblin
Notice of Claim: What constitutes 'reasonable detail'?
5. Juli 2024
von Stuart Broom, Tom Charnley
New SFO Director announces bold plans to tackle fraud
21. März 2024
von Emma Allen, Amy Cheng
What are the litigation trends for 2024?
1. Februar 2024
von Katie Chandler, Emma Allen
ClientEarth v FCA: Challenging Regulator Decisions
12. Februar 2024
von Tim Strong, Nicole Baldev
First of its kind judicial guidance on the use of AI in the courts
14. Dezember 2023
Witness familiarisation - does it affect the court's assessment of witness credibility?
13. Dezember 2023
CAT to hear the first application for a collective settlement approval order
17. Oktober 2023
von Katie Chandler
Pre-Action Protocols – what is different?
12. September 2023
von Tom Charnley
Failure to prevent fraud – a new offence?
14. August 2023
von mehreren Autoren
Supreme Court rules that APP fraud victims cannot rely on Quincecare Duty
4. August 2023
von mehreren Autoren
The Law Commission's Consultation Process on the Arbitration Act 1996 – taking stock
21. Juli 2023
What does the latest decision of the CAT in the Mastercard/Visa proceedings mean for class actions?
10. Juli 2023
von Katie Chandler
Disputes Quick Read: ClientEarth refused permission to pursue directors of Shell
1. Juni 2023
von mehreren Autoren
Disputes Quick Read – developments in the fixed costs regime
3. Mai 2023
von James Bryden
Disputes Quick Read: Service by email – are the rules any clearer?
20. April 2023
von James Bryden
Disputes Quick Read: Breaking the north/south divide?
5. April 2023
von Tom Charnley
Disputes Quick Read - What do practitioners think about making alternative dispute resolution (ADR) compulsory?
8. März 2023
Disputes Quick Read: What are the litigation trends for 2023?
2. März 2023
von Katie Chandler, Emma Allen
Disputes Quick Read: further guidance on witness statement preparation rules
14. Februar 2023
Disputes Quick Read: A cautionary tale – settlement agreement (un)wittingly releases all claims for fraud
13. Februar 2023
Disputes Quick Read: Why the UK should join the Hague Judgments Convention 2019
8. Februar 2023
Disputes Quick Read: extensive information orders granted against crypto exchanges following hack
19. Januar 2023
von Georgina Jones
Disputes Quick Read: A new approach to giving evidence? WhatsApp with that?
3. Oktober 2022
von Gemma Broughall
Disputes Quick Read: Ethereum Merge - what legal issues arise?
22. September 2022
von Emma Allen
Disputes Quick Read: New obligations on cryptobusinesses to report under the UK sanctions regime
9. August 2022
von Nick Maday
Disputes Quick Read: Disclosure - What information can be redacted?
25. Juli 2022
Disputes Quick Read: what claims exist when a smart contract is breached?
6. Juli 2022
von Emma Allen
Disputes Quick Read: New gateway for serving Norwich Pharmacal Orders and Bankers Trust orders out of the jurisdiction
Welcome news for those pursuing fraud claims in the English Courts
28. Juli 2022
von Emma Allen
Disputes Quick Read: Defining the duty - the limits of the responsibility assumed by professionals
27. Juli 2022
von Stuart Broom
Disputes Quick Read: Climate change litigation – successful challenge to government's Net Zero Strategy
29. Juli 2022
von Jess Thomas, Lucy Waddicor
Disputes Quick Read: Judicial Review and Courts Act 2022 – now in force
17. Juni 2022
von Stephanie High
Disputes Quick Read: an important reminder of the duty to disclose electronic documents in native format
13. Juni 2022
Disputes Quick Read: ENRC prevails in claim against former solicitor
26. Mai 2022
Disputes Quick Read: Climate change litigation update – McGaughey v Universities Superannuation Scheme Limited
31. Mai 2022
von mehreren Autoren
Don't lose your keys: Bitcoin developers do not have a duty to assist owners in recovering lost cryptocurrency
4. April 2022
von Emma Allen
Disputes Quick Read: The new witness statement preparation rules – a year on
5. April 2022
von Stephanie High
Disputes Quick Read: ClientEarth v Shell – climate change litigation shifts focus to UK companies
31. März 2022
von mehreren Autoren
Disputes Quick Read: High Court rules that failure to provide adequate data security is not a positive act
21. September 2021
von Matthew Caskie
Disputes Quick Read: Key changes to the Disclosure Pilot Scheme
13. September 2021
Disputes Quick Read: Judicial Review and Courts Bill – unpacking the UK government's proposed amendments
6. September 2021
von Stephanie High
Disputes Quick Read: Will litigants be compelled to participate in alternative dispute resolution?
2. August 2021
Disputes Quick Read: Freezing injunctions – maximum custodial sentence imposed for breach
21. Juli 2021
Disputes Quick Read: The online future of civil justice – the end of the legal profession or the end of legal drudgery?
15. Juli 2021
von Jess Thomas
Disputes Quick Read: Will the courts change forever post-COVID?
26. Mai 2021
von David de Ferrars
Disputes Quick Read: One Blackfriars administrators cleared of misfeasance
5. Mai 2021
von Stephen O'Grady
Disputes Quick Read: Not your prerogative – the Independent Review of Administrative Law reports its recommendations on judicial review
21. April 2021
von Stephanie High
Disputes Quick Read: Amendments to the Disclosure Pilot Scheme – a step in the right direction
31. März 2021
Disputes Quick Read: UK Supreme Court rules on the territorial extent of the SFO's powers
26. Februar 2021
von Tim Strong
Disputes Quick Read: No dropping anchor – parent company liability for environmental claims
24. Februar 2021
von Andrew Howell
Disputes Quick Read: What lawyers need to know about new witness statement preparation rules
20. Januar 2021
von Stephanie High
Disputes Quick Read: Should you still choose the English courts to have jurisdiction in your international contracts after Brexit?
12. Januar 2021
von Tim Strong
Disputes Quick Read: Privilege lost in the EU post-Brexit (with exceptions)
23. November 2020
Disputes Quick Read: Law on interest applicable to US dollar awards reaffirmed
16. Oktober 2020
Disputes Quick Read: Care required when drafting SPA claim notices
23. September 2020
von Stuart Broom
Disputes Quick Read: Why the modernised LCIA rules are a welcome update
7. Oktober 2020
von Nick Storrs
Disputes Quick Read: government guidance for contracts impacted by COVID-19
12. Mai 2020
Disputes quick read: Mandatory changes to Statements of Truth
18. Mai 2020
von Katie Chandler
Disputes Quick Read: COVID-19 and supply chain disruption – key issues
9. April 2020
von mehreren Autoren
Disputes Quick Read: High Court orders parties to explore options for 5-week remote trial
15. April 2020
Disputes Quick Read: Tomlin Orders – ensuring the confidentiality of settlement terms
27. April 2020
Disputes Quick Read: UK's OFSI fines Standard Chartered Bank £20 million for sanctions breaches
21. April 2020
von Stephanie High
Disputes Quick Read: A different approach to witness evidence
11. März 2020
von James Bryden
Disputes Quick Read: Coronavirus - a growth in virtual courts?
17. März 2020
von Stuart Broom
Disputes quick read: climate change activism by litigation
26. Februar 2020
von Tim Strong, Andrew Howell
Disputes Quick Read: Commercial Court's arbitral power shift
21. Februar 2020
von Andrew Howell
Disputes Quick Read: Court stays evictions during COVID-19 – is this lawful?
2. Juni 2020
von Georgina Jones
Disputes Quick Read: Will the civil justice system change forever post COVID-19?
16. Juni 2020
von Georgina Jones
Disputes Quick Read: Privilege waiver warning
2. Juli 2020
von Tim Strong, Georgina Jones
Disputes Quick Read: Retailers reign supreme in Visa and Mastercard proceedings
9. Juli 2020
Disputes Quick Read: The contra proferentem rule reconsidered?
21. Juli 2020
Disputes Quick Read: Scope of duty and the SAAMCo counterfactual following Manchester Building Society
3. Dezember 2021
Disputes Quick Read: Facilitating transactions in cryptoassets - Lord Leggatt and the point of commercial law
24. November 2021
von Stuart Broom
Disputes Quick Read: Privy Council clarifies the law on freezing injunctions in aid of foreign proceedings
8. Oktober 2021
von Katie Chandler
Disputes Quick Read: Climate change litigation – what's the latest?
10. Januar 2022
von Tim Strong, Jess Thomas
Disputes Quick Read: Court decisions on the Disclosure Pilot Scheme – the 2021 roundup
20. Januar 2022
von Natalia Faekova
Disputes Quick Read: Climate change litigation update
8. März 2022
von Jess Thomas, Lucy Waddicor
Disputes Quick Read: Assumption of responsibility - tax schemes and investors
22. März 2022
von Stuart Broom
Disputes Quick Read: Dealing in crypto? Be careful what you call it
7. April 2022
von Emma Allen, Georgina Jones
Disputes Quick Reads
Related Insights
Madagascar Oil: different treatment of equal creditors deemed fair in English restructuring plan
von Natalie Smith und Stephen O'Grady
English Court refuses to sanction Waldorf Production's restructuring plan
von Stephen O'Grady und Louise Jennings
English Court of Appeal upholds Thames Water restructuring plan
von Stephen O'Grady und Becky Chapman