• Universalism V. Territorialism: A Plethora of Issues In Cross Border Insolvency Across Jurisdictions

    Author(s):
    Ipsita Rout, KIIT SCHOOL OF LAW, KIIT UNIVERSITY
    Contributor(s):
    IJLLR (see profile)
    Date:
    2021
    Subject(s):
    Law
    Item Type:
    Article
    Permanent URL:
    http://dx.doi.org/10.17613/54c3-pf98
    Abstract:
    India opened its economy to the world in the year 1992 and this process of globalization has benefited India in numerous ways. Many multinational companies opened their branches in various parts of the country. This resulted in increased foreign reserves as well foreign investment. It has also been observed that the decisions taken regarding cross border investment directly affects the insolvency and bankruptcy law of the country. Since Indian economy is a developing one there is a lot of scope in making the business environment friendly. Also, the Indian Laws are not adequately equipped in dealing with cross border insolvency complexities. Hence the Government of India has set up a committee to address the issue of cross border insolvency after a comprehensive analysis of UNCITRAL Model Law and European Regulation. Therefore, this research paper will consider how India can incorporate cross border insolvency law by analysing UNCITRAL Model law on cross border insolvency and EC regulation.
    Metadata:
    Published as:
    Journal article    
    Status:
    Published
    Last Updated:
    4 months ago
    License:
    Attribution-NonCommercial
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