The DIIIGEST March 2025 | Page 22

III Prize in International Insolvency Studies

The International Insolvency Institute annually awards a prize in International Insolvency Studies. The III Prize is awarded for original legal research, commentary, or analysis on topics of international insolvency and restructuring significance and on comparative international analysis of domestic insolvency and restructuring issues and developments.
The Prize Competition is open to full and parttime undergraduate and graduate students and to practitioners in practice for nine years or less. Entries must not have been published and must be available to be posted on the International Insolvency Institute website at www. iiiglobal. org. Entries are judged by a jury of distinguished international academics.
Medal-winning entries are to be considered for publication in the Norton Journal of Bankruptcy Law and Practice( West) and for inclusion in the Westlaw electronic database.
The prize comprises a Gold Medal Prize for the winning submission as well as Silver Medal Prize and a Bronze Medal Prize. The Prizes are accompanied by an honorarium for the Medal winners. The Gold Medal winner is also honored at the III ' s Annual International Insolvency Conference and all Medal Winners are invited to attend the Conference and are provided with complementary Conference registration.
2024 Prize in International Insolvency Studies edition was awarded to:

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Gold Medal Winner Chrisandya Sinurat, Leiden University Enhancing Unsecured Creditors Protection in Indonesia: Analyses on The Best-Interest-of-Creditors Test and The Fairness Test
The author analyses the substantive aspects of insolvency law, particularly the protection of unsecured creditors, with a special focus on Indonesian Insolvency Law. The article explains the current status quo, uses a comparative lens to compare the current treatment of unsecured creditors to that in other jurisdictions and concludes with recommendations for the development of Indonesian Insolvency Law.
Silver Medal Winner Shuaihao Mi, University of Leeds, England China ' s Lehman Brother Moment: Will the Mainland China’ s Courts Recognise Hong Kong High Court’ s Winding-Up Order Against Evergrande?
The author observes that while China is the world ´ s second-largest economy, its cross-border insolvency and debt restructuring laws are still quite new. The article examines the possible regulatory stance of Chinese policymakers towards a recent winding-up order issued in Hong Kong.

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