Singapore enacts legislation implementing UNCITRAL Model Law on Cross-Border Insolvency
(World News Austria)

For information only - not an official document UNIS/L/243 16 March 2017 Becomes 42nd State to enact legislation based on the Model Law VIENNA, 16 March (UN Information Service) - With its adoption of the Companies (Amendment) Act (sections 354A, 354B, 354C and Fourteenth Schedule) on 10 March 2017, Singapore has become the 42nd State in the world to have enacted legislation based on the United Nations Commission on International Trade Law (UNCITRAL) Model Law on Cross-Border Insolvency. The UNCITRAL Model Law on Cross-Border Insolvency, adopted in 1997, is designed to assist States to equip their insolvency laws with a modern, harmonized and fair...