13-August-2026
Economy News
 
Govt likely to opt for global model over bilateral agreements for cross-border insolvency
13-Aug-2026

The government is likely to opt for a global template to fast-track the implementation of cross-border insolvency regime rather than negotiate separate bilateral arrangements with individual countries, official sources told FE. The template – UNCITRAL Model Law on Cross-Border Insolvency (MLCBI) – is already used by major economies like the US, UK, Australia, and Singapore in framing their cross-border insolvency laws.

News Source:- https://www.financialexpress.com/business/news/govt-likely-to-opt-for-global-model-over-bilateral-agreements-for-cross-border-insolvency/4316398/?ref=business_hp
 
 
 

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