{"product_id":"uk-cross-border-insolvency-restructuring-law","title":"UK Cross-Border Insolvency and Restructuring Law","description":"\u003ch3\u003e\u003cstrong\u003eAuthor\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cp\u003eGerard McCormack\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eISBN:\u003c\/strong\u003e 9781035339754\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003ePublished:\u003c\/strong\u003e August 2026\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eFormat:\u003c\/strong\u003e Hardback\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eLanguage:\u003c\/strong\u003e English\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003ePublisher:\u003c\/strong\u003e Edward Elgar Publishing\u003c\/p\u003e\n\n\u003ch3\u003e\u003cstrong\u003eDescription\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cp\u003eUK insolvency and restructuring law was built for a domestic caseload, but a large share of the distressed companies and groups that use it now hold assets, creditors or operations overseas. This book examines how well UK procedures actually travel: how foreign proceedings are recognised inbound in the UK, how UK liquidations, administrations, CVAs, schemes and standalone moratoriums are recognised outbound in other jurisdictions, and where the legislation simply stops addressing the problem.\u003c\/p\u003e\n\u003cp\u003eGerard McCormack works through the extra-territoriality provisions of the Insolvency Act, the recognition of UK schemes and plans under the Hague and Brussels\/Lugano frameworks, the CBIR\/Model Law regime including its discretionary relief, Section 426 of the Insolvency Act as a standalone vehicle for international cooperation, and the uncertain future of common law recognition following the Gibbs rule.\u003c\/p\u003e\n\u003cp\u003eWritten as the UK's post-Brexit divergence from the EU Recast Insolvency Regulation continues to bed in, the book is a single, current reference for anyone advising on where a UK insolvency or restructuring procedure will and will not have effect abroad.\u003c\/p\u003e\n\n\u003ch3\u003e\u003cstrong\u003eKey Features\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003eGives cross-border insolvency counsel a chapter-by-chapter map of when foreign proceedings will be recognised in the UK and when UK procedures will be recognised abroad\u003c\/li\u003e\n\u003cli\u003eExplains the CBIR\/Model Law regime, including discretionary relief, in enough procedural detail to use directly when advising on a live recognition application\u003c\/li\u003e\n\u003cli\u003eSets out Section 426 of the Insolvency Act as a distinct, often overlooked route to international judicial cooperation\u003c\/li\u003e\n\u003cli\u003eAssesses the future of the common law Gibbs rule on debt discharge, a live question for any restructuring involving English law-governed debt\u003c\/li\u003e\n\u003cli\u003eSupports advisors structuring multinational restructurings who need to know in advance where a UK scheme or plan will actually bind foreign creditors\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003ch3\u003e\u003cstrong\u003eCoverage\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cp\u003eGeneral principles of UK insolvency and restructuring procedures; UK restructuring procedures; extra-territoriality and the Insolvency Act; international application of liquidation, administration and CVAs; international application and recognition of schemes, plans and standalone moratoriums; the CBIR\/Model Law regime and its discretionary relief; Section 426 of the Insolvency Act; UK cross-border insolvency and restructuring law under the common law.\u003c\/p\u003e\n\n\u003ch3\u003e\u003cstrong\u003eAbout the Author\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cp\u003eGerard McCormack is Professor of International Business Law at the University of Leeds, UK, and a widely published authority on UK and comparative insolvency and restructuring law.\u003c\/p\u003e\n\n\u003ch3\u003e\u003cstrong\u003eTable of Contents\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003e1. General principles of UK insolvency and restructuring procedures\u003c\/li\u003e\n\u003cli\u003e2. UK restructuring procedures\u003c\/li\u003e\n\u003cli\u003e3. Extra-territoriality and the UK Insolvency Act\u003c\/li\u003e\n\u003cli\u003e4. International application: liquidation, administration and CVAs\u003c\/li\u003e\n\u003cli\u003e5. International application and recognition: schemes\/plans and standalone moratoriums\u003c\/li\u003e\n\u003cli\u003e6. The CBIR\/Model Law regime: general principles\u003c\/li\u003e\n\u003cli\u003e7. The CBIR\/Model Law regime: relief including discretionary relief\u003c\/li\u003e\n\u003cli\u003e8. Section 426 Insolvency Act: a statutory vehicle for international cooperation\u003c\/li\u003e\n\u003cli\u003e9. UK cross-border insolvency and restructuring law and the common law\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003ch3\u003e\u003cstrong\u003eWhy buy this book?\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cp\u003eMost UK insolvency texts treat cross-border effect as a short final chapter. This is the reverse: a full-length, single-author treatment of exactly where UK insolvency and restructuring law reaches beyond its own borders, written at a moment when that question is being tested in the courts more often than at any point since Brexit.\u003c\/p\u003e\n\n\u003ch3\u003e\u003cstrong\u003eKeywords\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cp\u003eUK cross-border insolvency, CBIR Model Law, extra-territoriality, Gibbs rule, international restructuring, Section 426 Insolvency Act, scheme of arrangement recognition\u003c\/p\u003e\n\n\u003ch3\u003e\u003cstrong\u003eTarget Audience\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cp\u003einsolvency and restructuring lawyers, cross-border finance counsel, academic law libraries, the judiciary, law students studying international insolvency\u003c\/p\u003e\n\n\u003ch3\u003e\u003cstrong\u003eGenre\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cp\u003eInsolvency and Restructuring Law, International Commercial Law, UK Law\u003c\/p\u003e\n\n\u003ch3\u003e\u003cstrong\u003eQ\u0026amp;A\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cp\u003e\u003cstrong\u003eWhat is the CBIR\/Model Law regime and how does it apply in UK insolvency cases?\u003c\/strong\u003e\u003cbr\u003eThe Cross-Border Insolvency Regulations implement the UNCITRAL Model Law in the UK, giving foreign insolvency representatives a route to seek recognition and relief, including discretionary relief, before UK courts.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eHow does UK insolvency law apply to overseas assets and foreign creditors?\u003c\/strong\u003e\u003cbr\u003eUK liquidations, administrations and CVAs can have extra-territorial reach under the Insolvency Act, but the extent to which foreign courts and creditors actually recognise that reach depends on the recognition framework in each foreign jurisdiction.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat is the Gibbs rule and why is its future uncertain?\u003c\/strong\u003e\u003cbr\u003eThe Gibbs rule holds that a foreign insolvency discharge cannot extinguish a debt governed by English law unless the creditor submits to that foreign process — a common law principle increasingly criticised as out of step with modern cross-border restructuring.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eHow does Section 426 of the Insolvency Act support international cooperation?\u003c\/strong\u003e\u003cbr\u003eSection 426 gives UK courts a statutory basis to assist courts in certain other jurisdictions with insolvency proceedings, operating alongside, and sometimes instead of, the CBIR\/Model Law regime.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhere can I buy UK Cross-Border Insolvency and Restructuring Law?\u003c\/strong\u003e\u003cbr\u003eUK Cross-Border Insolvency and Restructuring Law is available now from CLNZ Books, with worldwide shipping included and institutional invoicing available on request.\u003c\/p\u003e\n\n\u003ch3\u003e\u003cstrong\u003e📘 Learn more about shipping, delivery times, and returns, see our \u003ca href=\"https:\/\/clnzbooks.com\/pages\/faq-frequently-asked-questions\" style=\"color:#8B0000; text-decoration:underline; font-weight:bold;\"\u003eFAQ here\u003c\/a\u003e\u003c\/strong\u003e\u003c\/h3\u003e\n\n\u003ch3\u003e\u003cstrong\u003e📦 New to ordering with us? See our \u003ca href=\"https:\/\/clnzbooks.com\/pages\/how-to-order\" style=\"color:#8B0000; text-decoration:underline; font-weight:bold;\"\u003eHow to Order\u003c\/a\u003e guide for payment, shipping, and institutional order options.\u003c\/strong\u003e\u003c\/h3\u003e","brand":"Edward Elgar Publishing","offers":[{"title":"Default Title","offer_id":50559824068682,"sku":"9781035339754","price":402.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0287\/7351\/5338\/files\/UKCrossborder.jpg?v=1790591368","url":"https:\/\/clnzbooks.com\/products\/uk-cross-border-insolvency-restructuring-law","provider":"CLNZ Books","version":"1.0","type":"link"}