https://www.taxtmi.com/news?id=20659 Adoption of a statutory cross-border insolvency framework by incorporating the UNCITRAL Model Law with specified carve-outs is recommended to preserve domestic primacy and public interest while enabling recognition of foreign proceedings, participation by foreign creditors and practitioners, and enhanced international cooperation; the regime emphasises direct access, recognition and remedies, cooperation between courts and practitioners, coordination of concurrent proceedings, and identification of the main proceeding via the centre of main interest (COMI). en-us Mon, 22 Oct 2018 15:44:22 +0530 Mon, 22 Oct 2018 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20659 Adoption of a statutory cross-border insolvency framework by incorporating the UNCITRAL Model Law with specified carve-outs is recommended to preserve domestic primacy and public interest while enabling recognition of foreign proceedings, participation by foreign creditors and practitioners, and enhanced international cooperation; the regime emphasises direct access, recognition and remedies, cooperation between courts and practitioners, coordination of concurrent proceedings, and identification of the main proceeding via the centre of main interest (COMI). News - Mon, 22 Oct 2018 15:44:22 +0530 https://www.taxtmi.com/news?id=20659