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The International Law Institute is honored to announce

2017 UNCITRAL ASIA PACIFIC DAY

CENTRE FOR TRANSNATIONAL COMMERCIAL LAW (CTCL)
NATIONAL LAW UNIVERSITY, DELHI

“INSOLVENCY RESOLUTION AND CROSS BORDER INSOLVENCY”

“1st Year of IBC: Tracing its journey, challenges for building the road ahead”


This program will be undertaken on October 27th in New Delhi followed by a
Roundtable Stakeholder Consultation on “Insolvency Resolution” on October 28th.

These programs are developed by the Centre for Transnational Commercial Law and the National Law University, Delhi and under the general direction of Dr. Risham Garg to address current status and advances pertaining to the insolvency laws and practice of India both domestically and cross border.

These programs are further supported and co-sponsored by UNCITRAL, the Insolvency and Bankruptcy Board of India, P&A Law Offices; United Nations Coordination Committee India, SIPA and the International Law Institute.

The Theme:

The enactment of the Insolvency and Bankruptcy Code (IBC) was seen as a watershed moment for the Indian economy as it introduced a modern framework to deal with the insolvency of individuals and corporate entities. While the personal insolvency regime is yet to be enforced, the corporate insolvency regime is up and running. A new ecosystem for corporate insolvency comprising of the Insolvency Professionals, Insolvency Professional Agencies, Insolvency and Bankruptcy Board of India and National Company Law Tribunal has already been set in place in with the aim of promoting entrepreneurship and innovation. Touted as the biggest economic reform next to only the GST, the Code marks a paradigm shift in terms of being a single comprehensive law on insolvency in the country; providing time bound mechanisms for resolution of insolvency and making a sharp transition from debtor in possession to creditor in control. Due to these unique features, the Code was hailed by the creditors and debtors alike.

However, as the euphoria subsides and jurisprudence starts to develop, various challenges have started coming to the fore. Like any law, the success or failure of the IBC depends on its effective implementation. To promote this aim of successful implementation of the Code, this year’s UNCITRAL Asia Pacific Day is being organised on the theme of “Insolvency Resolution and Cross-Border Insolvency”. The Symposium puts the current issues and challenges in the spotlight by demarcating four specific sessions and invites various stakeholders under the Code to participate in this discussion to come up with effective solutions for the future.

Sessions:

Issues in Implementation of IBC
Personal Insolvency
Issues in Corporate Insolvency Resolution Process
Emerging Jurisprudence
UNCITRAL Model Law on Cross-Border Insolvency

Brochure & Detailed Program Schedule and Speakers:

http://nludelhi.ac.in/UploadedImages/3e881844-d911-49bd-ba09-344d2fe808a1.pdf 
http://nludelhi.ac.in/UploadedImages/e3554309-9c91-4c65-8e51-c19b5ac38f51.pdf 
http://nludelhi.ac.in/UploadedImages/47437423-a8da-456a-90a9-d43f861b5578.pdf 

To Watch Live or Archived Webcast:

National Law Univ. Delhi:         http://nludelhi.ac.in/up-event1.aspx?id=3054 
Website or Mobile Phone:         http://www.streamonweb.com/webcast/nlu 
Facebook:                                https://www.facebook.com/nludelhi 
YouTube:                                 https://www.youtube.com/user/NLUNewDelhi/videos