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The future of Cross-Border Insolvency Act 42 of 2000 in view of developments elsewhere

Mini Dissertation (LLM)--University of Pretoria, 2014.

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Other Authors: Boraine, A. (Andre), 1957-
Format: Thesis
Language:English
Published: University of Pretoria 2015
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access_status_str Open Access
author2 Boraine, A. (Andre), 1957-
author_browse Boraine, A. (Andre), 1957-
author_facet Boraine, A. (Andre), 1957-
collection Thesis
dc_rights_str_mv © 2015 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria.
description Mini Dissertation (LLM)--University of Pretoria, 2014.
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institution University of Pretoria (South Africa)
language English
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license_str Other — see source repository
provenance_str_mv Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository
publishDate 2015
publishDateRange 2015
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publisher University of Pretoria
publisherStr University of Pretoria
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source_str UPSpace — University of Pretoria Institutional Repository
spelling oai:repository.up.ac.za:2263/46100 The future of Cross-Border Insolvency Act 42 of 2000 in view of developments elsewhere Boraine, A. (Andre), 1957- Ras, Clinton UCTD Mini Dissertation (LLM)--University of Pretoria, 2014. My research project explores the future of the Cross-Border Insolvency Act 42 of 2000 in view of developments relating to cross-border insolvency regimes elsewhere. The continuing development of International trade and investment gave rise to the escalation in the amount of multinational enterprises that have debt, own assets and conduct business in numerous jurisdictions around the globe. The increase of cross-border insolvency as a global economic problem, gave rise for the need of a general equitable system to administer cross-border insolvency universally. The Model law on Cross-Border Insolvency was promulgated by the United Nations Commission on International Trade Law (UNCITRAL) in 1997. The purpose of the UNCITRAL Model Law on Cross-Border Insolvency is to assist states to equip their insolvency laws with a modern, harmonised and fair framework to address instances of cross-border insolvency more effectively.South Africa adopted the UNCITRAL Model Law on Cross-Border Insolvency by way of the Cross-Border Insolvency Act 42 of 2000. However the Cross-Border Insolvency act is not effectively operative. One of the main reasons why the act hasn’t become fully operative yet is because of the fact that the Act introduced a reciprocity clause. In my Research project I will address the issues caused by cross-border insolvency. I will discuss the common law position relating to cross-border insolvency in South Africa. I will furthermore indicate why the Cross-border Insolvency Act 42 of 2000 is not effectively operative in South Africa. Lastly I will compare the Cross-border Insolvency dispensation in South Africa to that of the United States of America, the United Kingdom and Australia. tm2015 Procedural Law LLM Unrestricted 2015-07-02T11:06:49Z 2015-07-02T11:06:49Z 2015/04/16 2014 Mini Dissertation Ras, C 2014, The future of Cross-Border Insolvency Act 42 of 2000 in view of developments elsewhere, LLM Mini-dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/46100> A2015 http://hdl.handle.net/2263/46100 en © 2015 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria
spellingShingle UCTD
The future of Cross-Border Insolvency Act 42 of 2000 in view of developments elsewhere
title The future of Cross-Border Insolvency Act 42 of 2000 in view of developments elsewhere
title_full The future of Cross-Border Insolvency Act 42 of 2000 in view of developments elsewhere
title_fullStr The future of Cross-Border Insolvency Act 42 of 2000 in view of developments elsewhere
title_full_unstemmed The future of Cross-Border Insolvency Act 42 of 2000 in view of developments elsewhere
title_short The future of Cross-Border Insolvency Act 42 of 2000 in view of developments elsewhere
title_sort future of cross border insolvency act 42 of 2000 in view of developments elsewhere
topic UCTD
url http://hdl.handle.net/2263/46100