Leading academics and lawyers urge UNCITRAL to replace the concept of COMI
Robert Rasmussen, Aurelio Gurrea-Martinez and Anthony Casey
The use of a debtor’s centre of main interests to determine the place where a foreign main proceeding should take place under the UNCITRAL Model Law is a “major flaw” that undermines the ability of insolvency law to reorganise viable businesses, according to a group of law professors supported by a host of industry heavyweights from around the globe.
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