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The Insolvency and Bankruptcy Board of India (IBBI) and the International Law Institute (ILI) Washington DC. are partner institutions in the 2017 UNCITRAL Asia and Pacific Day being organized by the Centre for Transnational Commercial Law, National Law University Delhi.

 

The UNCITRAL Asia Pacific Day events are organized and supported by the UNCITRAL RCAP (UNCITRAL Regional Centre for Asia and Pacific) to promote regional integration.

 

CTCL-NLUD will be marking this special occasion this year with the following events:

 

  1. Conference on the theme of “Insolvency Resolution and Cross-Border Insolvency

(9:00 AM- 6:00 PM, Friday, October 27, 2017) India Habitat Centre

 

 

  1. Roundtable on Stakeholder Consultation: “Cross-Border Insolvency

(10:30 AM-1:00 PM, Saturday, October 28, 2017)

 

The Insolvency and Bankruptcy Code (IBC) was enacted and came into force with effect from May 28, 2016. The provisions relating to Corporate Insolvency Resolution Process under the IBC have come into effect from December 1, 2016. The IBC was enacted with a view to consolidate the existing frameworks and create a new institutional structure to deal with insolvency petitions in an efficient and time-bound manner. Personal insolvency laws relating to individuals and partnership firms have also been codified in the IBC; efforts are underway to make this part operational very soon. IBC also introduced provisions to address cross-border insolvency through bilateral agreements and reciprocal arrangements with other countries, although they have not yet come in force.

 

The IBC seeks to bring about far-reaching reforms with a thrust on creditor driven insolvency & bankruptcy resolution; however, its success depends on effective implementation and creation of adequate infrastructure for the new entities created under it. Recognizing the significant opportunities and challenges posed by this legislation, the symposium attempts to bring together significant stakeholders to discuss and deliberate upon the issues arising from the legislation in the backdrop of emerging jurisprudence on this field. 

 

Providing practical and innovative legal solutions to troubled entities is a challenge for any lawyer. Insolvency lawyers and professionals face this challenge on a daily basis, and know all too well the need to be up to date and focussed in this highly specialised area of practice. Thesto provide an opportunity for insolvency lawyers and other insolvency professionals to enhance their knowledge in this complex area of practice.

 

This symposium is specifically formulated to gap the bridge between theory and practice in essential core areas to meet the career demands within the legal profession.

 

Link to Registration Form for the Conference- https://goo.gl/forms/F3gyVW6IBRjgO4lo2

 

Link to Registration Form for the Roundtable - https://goo.gl/forms/cX9VkboAmBnTYURt2

 

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