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

• Author: United Nations Commission on International Trade Law
• Pages: 198-203

198 UNCITRAL Legislative Guide on Insolvency Law for 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

UNCITAL Legislative Recommendations on

Insolvency of Micro- and Small Enterprises

Recommendation(s) in other parts of the Guide

used as the starting point

Key objectives of a simplied insolvency regime

(recommendation 271): in addition to listing

key objectives of a simplied insolvency regime,

recommendation 271 cross-refers to the

objectives of an eective insolvency law

Recommendations 1 to 5

Application to all MSEs (recommendation 272) Recommendations 8 and 9

Comprehensive treatment of all debts of

individual entrepreneurs (recommendation 273)



Types of simplied insolvency proceedings

(recommendation 274)

Recommendation 2

Competent authority (recommendations

275–277)

Recommendation 13

Independent professional (recommendations 275

and 277–279)

No equivalent but recommendations 115–125

are relevant where an independent professional

performs functions of the insolvency

representative

Support with the use of a simplied insolvency

regime (recommendation 279)



Mechanisms for covering costs of administering

simplied insolvency proceedings

(recommendation 280)

Recommendations 26 and 125

Default procedures and treatment

(recommendation 281)



Short time periods (recommendation 282) No equivalent but see a footnote to

recommendation 43

Reduced formalities (recommendation 283) 

Debtor-in-possession in simplied reorganization

proceedings (recommendations 284–286)

Recommendations 112 and 113

Possible involvement of the debtor in the

liquidation of the insolvency estate

(recommendation 287)

Id.

Deemed approval (recommendation 288) No equivalent but recommendation 127 is

relevant