developing a legislative text incorporating key principles and draft principles addressing: (a) coordination and cooperation of insolvency proceedings relating to an enterprise group; (b) elements needed for the development and approval of a group insolvency solution involving multiple entities; and (c) the use of so-called “synthetic proceedings” in lieu of commencing non-main proceedings.
The IWIRC members in attendance in Vienna also had the opportunity to network with delegates from member states and other observer organisations (including INSOL, III, INSOL Europe, IBA, and the World Bank). The Working Group V sessions are a fantastic opportunity to contribute to the development of cross-border insolvency reform and for IWIRC to build and maintain its profile on the international stage. IWIRC will again be attending as an observer at the New York session scheduled for May 10 – 19, 2017.
If you are interested in either finding out more or getting involved with IWIRC’s work with UNCITRAL, please contact Tinamarie at [email protected].
Network News
IWIRC Announces New Malaysia Network
IWIRC is excited to announce a new network! The Maylaysia Network was officially established on January 6, 2017 under the leadership of May Lee Leong (Partner, EY) and Ira Biswas (Partner, Chooi & Co). The Malaysia Network is committed to the promotion and growth of women in insolvency and restructuring practice in Malaysia and providing greater opportunities to women professionals through a wide range of networking activities including seminars, workshops and receptions. The Network is currently organizing its launch and hopes to bring IWIRC and its objectives to the notice of a wide audience. Among the events that we hope to organize for the year are talks on relevant new legislation affecting insolvency practitioners. The Malaysian Network hopes that it is able to connect with members from other Networks and make many new friends. Stayed tuned for more information about these exciting events!
Carolinas
The Carolinas Network held an informal breakfast get together at the Annual Bankruptcy Institute, sponsored by the Bankruptcy Section of the North Carolina Bar Association. The group met at the Restaurant of the Doubletree Hotel in New Bern, North Carolina on Saturday, November 19, 2016 and enjoyed chatting together over breakfast.