Thursday , 18 May
11:20 - 12:20
Hall #5, General Staff Building (6-8, Dvortsovaya sq.)
Track: International Insolvency Forum
The insolvency legislation is a living, rapidly evolving system of laws. Changes in insolvency law reflect global economic trends. Insolvency law is to a great extent about the guarantees available to lenders and borrowers. It is the civilized way to resolve serious controversies that may arise between lenders and borrowers. Therefore, a change in insolvency law can be a powerful factor underpinning the stability of civil commerce. The degree of balance in the national insolvency legislation defines the investment climate in the economy.
Shaped by domestic economic processes, the evolution of insolvency law is at the same time subject to the international standards being developed to regulate insolvency. The work of the UNCITRAL Working Groups on insolvency serves as a model of how these standards are developed.
It would be interesting to illuminate which promising insolvency law improvement guidelines are currently on the table, which nations are reforming their insolvency law, and what kinds of changes are viewed as more progressive.
Chief Bankruptcy Judge (retired) at U.S. Bankruptcy Court
Director of the Legal Department, Bank of Russia
Judge (Retired), Civil and Commercial Court of Appeals, Rosario, Province of Santa Fe, Argentina
The Secretary, United Nations Commission on International Trade Law (UNCITRAL)
* The Programme may be subject to change