Post-Brexit Cross-Border Insolvency: The UK's Shift from the EIR to the UNCITRAL Model Law

Junyu Ma

doi:10.47297/wspjclrWSP2516-249708.20240804

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Post-Brexit Cross-Border Insolvency: The UK's Shift from the EIR to the UNCITRAL Model Law

Volume 8, Issue 4

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Post-Brexit Cross-Border Insolvency: The UK's Shift from the EIR to the UNCITRAL Model Law
Post-Brexit Cross-Border Insolvency: The UK's Shift from the EIR to the UNCITRAL Model Law
University of Glasgow, Glasgow, Scotland, United Kingdom
Vol. 8, Issue 4, Pages: 55-60(2024)
Published： 19 December 2024 ，
DOI：10.47297/wspjclrWSP2516-249708.20240804
Accepted：

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JUNYU MA. (2024). Post-Brexit Cross-Border Insolvency: The UK's Shift from the EIR to the UNCITRAL Model Law. Journal of Commercial Law Review, 8(4), 55-60..
DOI：

JUNYU MA. (2024). Post-Brexit Cross-Border Insolvency: The UK's Shift from the EIR to the UNCITRAL Model Law. Journal of Commercial Law Review, 8(4), 55-60.. DOI： 10.47297/wspjclrWSP2516-249708.20240804.

摘要

Abstract

This article examines the evolution of cross-border insolvency law in the United Kingdom following Brexit

focusing on the transition from the European Insolvency Regulation (EIR) to the UNCITRAL Model Law on Cross-Border Insolvency. It evaluates the pre-Brexit benefits of the EIR

such as automatic recognition and jurisdictional clarity

and contrasts them with the challenges posed by the UK's departure from the EU framework. The article explores the opportunities offered by the Model Law

emphasizing its flexibility and global applicability

while highlighting the procedural gaps and complexities that have arisen in EU-UK insolvency interactions. Ultimately

it underscores the importance of refining the UK's post-Brexit framework to maintain its prominence as a global hub for insolvency and restructuring practices.

关键词

Keywords

BrexitEuropean Insolvency RegulationUNCITRAL Model Law

references

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Gerard McCormack, EU Insolvency Law: Cross Border Insolvency Law in Comparative Focus (Edward Elgar Publishing2022) 43-52.

Gerard McCormack, 'Chapter8: Recognition and Enforcement of Insolvency Proceedings and Insolvency-Related Judgments', EU Insolvency Law (Edward Elgar Publishing2022)

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McCormack, 'US Exceptionalism and UK Localism?' (n20).

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