Cross-Border Insolvency - A Practical Introduction for Non-UK Insolvency Professionals
How can non-UK insolvency proceedings be recognised in the UK and what does recognition allow a non-UK insolvency officeholder to do in the UK?
For European insolvency officeholders it is all very different now that the European Insolvency Regulation no longer applies in the UK.
The answers lie in the UK’s Cross-Border Insolvency Regulations 2006, an implementation of the UNCITRAL Model Law on Cross-Border Insolvency.
This new virtual classroom seminar will examine how non-UK insolvency officeholders (or ‘foreign representatives’) might best use those regulations.
What You Will Learn
This live and interactive session will cover the following:
- The UK’s implementation of the UNCITRAL Model Law on Cross-Border Insolvency
- Principal mechanism for UK recognition of, and provision of UK assistance in, non-UK insolvency proceedings
- Vital communication and cooperation between non-UK and UK insolvency professionals
- The requirement of UK legal assistance to obtain recognition
- The requirement of UK legal assistance to persuade the court to enable the foreign officeholder to act (directly or indirectly) in the UK
- Practical considerations - UK insolvency practitioner likely to be required to advise, or act on behalf of, the foreign officeholder in the UK
- Practical examples of how the CBIR have been used to facilitate cross-border restructuring and insolvency
Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.