The call for harmonisation of cross-border insolvency laws to enable cross-border filing and litigation in the East African community

Nsubuga, Hamiisi Junior ORCID: https://orcid.org/0000-0001-6902-3575 (2019) The call for harmonisation of cross-border insolvency laws to enable cross-border filing and litigation in the East African community. International company and commercial law review, 30 (12) . pp. 659-668. ISSN 0958-5214 [Article]

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Abstract

This article analyses the need for the adoption of the UNCITRAL Model Law on Cross-border Insolvency in the East African Community (EAC) to enhance regional cross-border insolvency filing and litigation during the corporate insolvency of companies with assets and interests across the EAC region. The article considers the policy and procedural underpinnings, and challenges faced by EAC States on adoption/harmonisation of the Model Law, and how the adoption of the UNCITRAL Model Law would boost regional co-operation, trade and economic growth, and safeguarding of corporate and creditors interests on corporate cross-border insolvency.

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