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

8卷第4期

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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
2024年8卷第4期页码：55-60
纸质出版日期： 2024-12-19 ，
DOI：10.47297/wspjclrWSP2516-249708.20240804
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(2024). Post-Brexit Cross-Border Insolvency: The UK's Shift from the EIR to the UNCITRAL Model Law. 商事法律评论（英文版）, 8(4), 55-60.

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..
(2024). Post-Brexit Cross-Border Insolvency: The UK's Shift from the EIR to the UNCITRAL Model Law. 商事法律评论（英文版）, 8(4), 55-60. DOI： 10.47297/wspjclrWSP2516-249708.20240804.

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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Reinhard Bork and Renato Mangano, 'Introduction' in Reinhard Bork and Renato Mangano (eds), European Cross-Border Insolvency Law (Oxford University Press2016)

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

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The Cross-Border Insolvency Regulations2006, SI2006/1030.

Gerard McCormack, 'Chapter9: UNCITRAL Model Law on Cross-Border Insolvency Compared with the European Insolvency Regulation', EU Insolvency Law (Edward Elgar Publishing2022)

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Re OJSC International Bank of Azerbaijan [2018] EWHC 59 (Ch).

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