UNCITRAL Model for Cross Border Insolvency

In an increasingly economically interdependent world, the importance of developing and maintaining a robust cross-border legal framework for the facilitation of international trade and investment is widely acknowledged. Discuss the role of the United Nations Commission on International Trade Law (UNCITRAL) in this regard. (150 Words)

Approach:

• Introduce by giving a brief overview of increasing international trade.
• Enumerate the need for a robust cross-border legal framework for the facilitation of international trade and investment
• Enumerate the role and responsible UNCITRAL
• Conclusion