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A Comprehensive Analysis Of Cross-Border Insolvency




Anushka Sonavane, B.A. LL.B., SVKM’S Pravin Gandhi College of Law


ABSTRACT


Cross-border insolvency also known as international insolvency has gained significance in the era of globalization, where businesses operate across multiple jurisdictions. The lack of a uniform legal frameworks poses challenges in resolving cross-border insolvency disputes.


This paper explores the concept, principles, international frameworks, judicial cooperation, and emerging trends in cross-border insolvency. It examines key legislations such as the UNCITRAL Model Law and its adoption across jurisdictions while assessing challenges in its implementation.


The paper concludes with recommendations for strengthening global insolvency frameworks to enhance predictability and efficiency in cross- border insolvency proceedings.


Keywords: Cross-border insolvency, UNCITRAL Model Law, judicial cooperation, insolvency frameworks, globalization.



Indian Journal of Law and Legal Research

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Abbreviation: IJLLR

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ISSN: 2582-8878

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Website: www.ijllr.com

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Accessibility: Open Access

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License: Creative Commons 4.0

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Submit Manuscript: Click here

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Licensing: ​

 

All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

 

Disclaimer:

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The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

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