Cross-Border Insolvency Regime In India
- IJLLR Journal
- Aug 2, 2022
- 1 min read
Vartika Johri, LL.M. (Corporate Law), Chandigarh University, Punjab
ABSTRACT
The accelerated development of technology, commerce, and the business world has led to an increase in international organisations, which has finally led to a borderless relationship between nations and corporations. Nearly all nations in the world today have commercial links that go beyond their borders. It follows that having a presence in several jurisdictions means having creditors and borrowers located in different such places. This makes the insolvency procedure, which involves the overlap of several laws and actions, a challenging one.
Keywords: Cross-Border, Insolvency, Corporate, UNCITRAL.
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