Summary
The Cross-Border Insolvency Regulations 2006 came into force in England, Wales and Scotland in early April. These Regulations implement the main measures of a Model Law, a legislative text, designed to assist countries to equip their insolvency laws with a modern, harmonized and fair framework to deal with insolvencies that cross international borders. The Government has introduced these Regulations as an appropriate legislative tool to support its vision of a 'rescue culture' on the wider international stage and to minimize conflicts that may arise.
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Extract
Insolvency - Opening Up the Borders
The Cross-Border Insolvency Regulations 2006 came into force in England, Wales and Scotland in ea...
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