The Comparative Review of the Formal Provisions Governing the International Bankruptcy Proceedings in UNCITRAL Model Law and the New Bill of Trade Law of Iran

Document Type : Original Article

Authors

1 Assistant professor, International Law, Faculty of Law and Political Science, kharazmi University, Tehran, Iran

2 Master in private law, Faculty of Law and Political Science, Kharazmi University, Tehran, Iran.

Abstract

Nowadays, merchants have expanded their activities even beyond the borders of their countries, so in the case of bankruptcy, it will be created several lawsuits in the international arena. This kind of bankruptcy which is an obvious example of the international bankruptcy demands a comprehensive and efficient legal system. In this regard and to provide a proper framework, the United Nations commission on international trade law (UNCITRAL) ratified the model law on international bankruptcy in 1997.
Although Iran has not yet ratified the UNCITRAL model law, but in the new bill of Iran’s trade law, it has been allocated a section to the international bankruptcy that is comply with the UNCITRAL model law. Accordingly, the purpose of this article is the explanation of the provisions of UNCITRAL model law in the light of the comparative approach. This study is based on descriptive and analytical methods according to the library and internet data.

Keywords

Main Subjects

References

 
1- باقری، محمود، توسلی، محمد سجاد: «بررسی مسائل حقوقی ورشکستگی بانکهای چندملیتی»، مجله حقوقی بین المللی، دوره 30،  شماره 49، 1392.
2- سربازیان، مجید، صادقی، عبدالرزاق: «تحلیل سیاست تقنینی آنسیترال، اتحادیه اروپا و حقوق ایران در زمینه شناسایی و اجرای حکم ورشکستگی خارجی»، مجله حقوقی بین المللی، دوره 31، شماره 51، 1393.
3- شولمیر، ابهارد: «کنوانسیون جدید اروپار در خصوص ورشکستگی بین المللی» ، مترجم السان، مصطفی ، مجله حقوقی دادگستری، دوره 67،  شماره 44، 1382.
4- قربانی لاچوانی، مجید: «ورشکستگی فرامرزی: مقدمه ای بر قانون نمونه آنسیترال در مورد ورشکستگی فرامرزی»،  فصلنامه پژوهشهای تجارت جهانی، شماره 12 و 13، 1387.
5- کاویانی، کوروش، جاوید، فرزانه: «مقایسه اثر توقف بر معاملات ورشکسته در حقوق ایران با راهنمای حقوق ورشکستگی آنسیترال»، دو فصلنامه دانش و پژوهش حقوقی، شماره 2، 1393.
6- مرادی، فهمیه: «ترجمه قانون نمونه کمیسیون حقوق تجارت بین الملل سازمان ملل متحد راجع به ورشکستگی فرامرزی»، مجله حقوقی بین المللی، دوره 27، شماره 42، 1389.
 
7- Berends, A.J: »the UNCITRAL Model Law on Cross-Border Insolvency: A Comprehensive Overview«, Tulane Journal of International and Comparative Law, Vol.6, 1998.
8- Bernstein, Donald S, Timothy, Graulich, Damon, Meyer and Robert, Stewart: »Recognition  and Comity in Cross-Border Insolvency Proceedings«, the International Insolvency Review, London, Law Business Research Ltd, 2013.
9- Chan Ho, L. : »Applying Foreign Law under the UNCITRAL Model Law on Cross-Border Insolvency«, Published Version in 24:11 Butterworths Journal of International Banking and   Financial Law, V.11, 2009.
10- European Convention on Certain International Aspects of Bankruptcy, European Treaty Series, No. 136, council of Europe, Istanbul, 5.VI, 1990.
11- Fletcher, Ian F., Anderson, Hamish ,”The insolvency issues in Cross-border security and insolvency” in Michael Bridge and Robert Stevens (eds.), Insolvency Law and Practice, NewYork, Oxford University Press, 2001.
12- General Assembly resolution 52/158 on Model Law on Cross-Border Insolvency of the United Nations Commission on International Trade Law , Rep. A/52/649, 15 December 1997.  
13- Goode, R.، Herbert, K.، Ewan, MK.، Jeffrey, W, Transnational commercial law, Text Cases and Materials, oxford, Oxford University Press, 2007.
14- Guide to Enactment of the UNCITRAL Model Law on Cross-Border Insolvency, 2004.
15- Howell, Jonathan L: »International Insolvency Law«, International Lawyer, vol. 42, Issue 1, 2008.
16-Legislative Guide on Insolvency Law, New York, (2005)
Availableat:http://www.uncitral.org/uncitral/en/uncitral_texts/insolvency/2004 Guide.html.
17- Lopucki, Lynn M: »Cooperation in International Bankruptcy”: A Post- Universalist Approach«, Cornell Law Review, Vol. 84, Issue 3, 1999.
18- Nierop, Erwin and Stenström, Mikael, “Cross-Border Aspects of Insolvency Proceedings for credit Institution – A Legal Perspective”, International Seminar on Legal and Regulatory Aspects Financial Stability, Basel, Switzerland, 21-23 January, 2002.
19- Pottow. A. John, E. : »Procedural incrementalism a model for international bankruptcy«, Virginia journal of international law, vol. 2, No 5.1, 2005.  
20- Re Metcalfe & Mansfield Alt. Inv., 421 B.R. 685, 697 , Bankr. S.D.N.Y.2010. .                                                                                                                     
21- Sandeep Gopalan, Michael Guihot : »Recognition and Enforcement in Cross-Border Insolvency Law: A Proposal for Judicial Gap-Filling«, Vanderbilt Journal of Transnational Law, Vol.48, Issue 4, No. 1, 2015.
22-Stark, Bryan  »Chapter 15 and the Advancement of International Cooperation in Cross-Border Bankruptcy Proceedings«, 6 Richmond Journal of Global Law and Business, Vol. 6 Issue 2, 2006.
23- UNCITRAL Model Law on Cross-Border Insolvency with Guide to Enactment and Interpretation, United Nations Commission on International Trade Law, New York, 2014.
24- Wessels Bob, Fletcher Ian, the ALI/III Principles of Cooperation in Transnational Cases (Global Principles for Cooperation in International Insolvency Cases), ROME, International Insolvency Institute, 2010.
 
Journal of Comparative Law
Volume 2, Issue 1
April 2016
Pages 89-105

Files

History

  • Receive Date: 01 January 2016
  • Revise Date: 31 January 2016
  • Accept Date: 01 March 2016

Share

How to cite

Statistics