On 17-19 March 2025, the restructuring and insolvency industry gathered in Hong Kong for the annual INSOL International conference. As INSOL International stated in the lead up to the conference, “The global economic landscape continues to be marked by volatility and uncertainty. While some sectors and regions are experiencing relative stability or even growth, the overall picture remains mixed. Disrupted supply chains and geopolitical tensions persist, as high inflation continues to undermine consumer purchasing power…
In brief Australian courts continue to show their willingness to support foreign insolvency appointees’ efforts to investigate claims in Australia. Recent decisions,1 and ongoing cases, emphasise the role the Model Law in Australia can play in facilitating public examinations into claims relevant to a foreign insolvency appointment. Key takeaways Recognition of a foreign insolvency appointment under the UNCITRAL Model Law on Cross Border Insolvency (“Model Law”), when the usual criteria for recognition are otherwise met, will…