UNCITRAL Legislative Guide on Insolvency Law - Part five: Insolvency law for microand small enterprises

-

• Introduction to part five

Section one. UNCITRAL Legislative Recommendations on Insolvency of Micro- and Small Enterprises

• Key objectives of a simplified insolvency regime
• Scope of a simplified insolvency regime
• Institutional framework
• Main features of a simplified insolvency regime
• Participants
• Eligibility, application and commencement
• Notices and notifications
• Constitution, protection and preservation of the insolvency estate
• Treatment of creditor claims
• Features of simplified liquidation proceedings
• Features of simplified reorganization proceedings
• Discharge
• Closure of proceedings
• Treatment of personal guarantees; procedural consolidation and coordination
• Conversion
• Appropriate safeguards and sanctions
• Pre-commencement aspects

Section two. Commentary to the UNCITRAL Legislative Recommendations on Insolvency of Micro- and Small Enterprises

• Introduction
• Glossary
• Core provisions for an effective and efficient simplified insolvency regime

Annex to the commentary to the UNCITRAL Legislative Recommendations on Insolvency of Micro- and Small Enterprises

• Table 1. Table of concordance between the UNCITRAL Legislative Recommendations on Insolvency of Micro- and Small Enterprises and recommendations in other parts of the Guide
• Table 2. Table of concordance between recommendations in other parts of the Guide and the UNCITRAL Legislative Recommendations on Insolvency of Micro- and Small Enterprises
• Annex. Decision of the United Nations Commission on International Trade Law