International Bankruptcy with an Emphasis on Trade Bill Approved in 2013

Soheyla Kefayati, Mehdi Ashouri

Abstract


International bankruptcy has been grown by international trade. It has been created a wide literature about it. It is one of the essential factors to survive in the international trade space. Setting and enacting laws in this regard remarkably will help solve the legal troubles in the case of international trade. The aim of the present research is to investigate international bankruptcy with an emphasis on trade bill approved in 2013. The results show that new bill has somewhat been able to make general regulations and intended fundamental principles in UNCITRAL Model Law considered. It is done with regard to United Nations Commission on International Trade Law regarding borderless bankruptcy. By investigating different articles of the new bill it can be inferred that the tendency of the legislator is towards a theory of regionalism. Although it is somehow adjusted (regionalism based on interactions). The absolute basis of regionalism has been deduced from that. Therefore it could be said that the legislator has somewhat been lead to the theory of regionalism based on international interactions.

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DOI: https://doi.org/10.5539/jpl.v10n2p1

Copyright (c) 2017 Soheyla Kefayati, Mehdi Ashouri

License URL: http://creativecommons.org/licenses/by/4.0

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