Model Law on Recognition and Enforcement of Insolvency Related Judgments
of the United Nations Commission on International Trade Law
A/RES/73/200
Convinced that fair and internationally standardized legislation on cross -border
insolvency that respects national procedural and judicial systems, as expressed by the
provisions of the Model Law on Recognition and Enforcement of Insolvency-Related
Judgments, 1 that is acceptable to States with different legal, social and economic
systems would contribute to the development of international trade and investment,
1.
Expresses its appreciation to the United Nations Commission on
International Trade Law for finalizing and adopting the Model Law on Recognition
and Enforcement of Insolvency-Related Judgments 1 and its guide to enactment;
2.
Requests the Secretary-General to transmit the text of the Model Law,
together with its guide to enactment, to Governments and other interested bodies;
3.
Recommends that all States give favourable consideration to the Mod el
Law when revising or adopting legislation relevant to insolvency, bearing in mind the
need for internationally harmonized legislation governing and facilitating instances
of cross-border insolvency, and invites States that have used the Model Law to adv ise
the Commission accordingly;
4.
Also recommends that all States continue to consider implementation of
the Model Law on Cross-Border Insolvency of the United Nations Commission on
International Trade Law. 2
62nd plenary meeting
20 December 2018
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2
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Official Records of the General Assembly, Seventy-third Session, Supplement No. 17 (A/73/17),
annex III.
Resolution 52/158, annex.
18-22462