Insolvency harmonisation remains a distant illusion

Author: Lizzie Meager | Published: 21 Oct 2015

An internationally universal approach to insolvency proceedings is still a distant illusion, according to panellists at the International Bar Association’s annual conference in Vienna earlier this month.

Speakers at the session titled 'Preparing for the next crash: a UN insolvency Convention, EU amendments and national law reform' noted that after 55 years of work (the first attempt dates back to 1960) it has not even...