Outline of the Insolvency Project
In its preparation of a Draft Legislative Guide on Insolvency, the United Nations Commission on International Trade Law (UNCITRAL) has sought the co-operation of the Hague Conference with a view to assisting it in preparing commentaries and recommended legislative principles in relation to the law applicable to insolvency proceedings. A meeting of the Secretariats of the two Organisations has taken place in Vienna on 11 and 12 December 2003 in relation to this project. Pursuant to this request, the Permanent Bureau has devised a Questionnaire to facilitate this work, to which 14 responses have been received.
In June 2004, the Draft Legislative Guide on Insolvency has been adopted.