6. Define Jurisdiction & Case Criteria
• Determine what types of cases the court will hear( e. g. multijurisdictional corporate bankruptcies only).
• Set thresholds for cross-border significance( number of countries involved, asset distribution, creditor makeup).
7. Establish Institutional Structure
• Location and legal seat of the court( e. g. The Hague, Geneva).
• Rules for judicial appointments, neutrality, transparency, and appeals.
• Funding model( contributions from member states, case fees, donor funding).
8. Build Enforcement Mechanisms
• Require domestic recognition of judgments under the treaty( similar to the New York Convention for arbitration).
• Encourage states to pass implementing legislation to give domestic legal effect to the court ' s rulings.
Phase 3: Institutional Set-Up( 6 – 10 Years) 9. Secure Initial Ratifications
• Seek ratification from a critical mass of countries, ideally including major economies and financial hubs.
• Offer incentives for early adopters( technical assistance, advisory roles).
10. Recruit and Train Judges and Staff
• Appoint a diverse, expert judicial panel with insolvency experience.
• Establish a professional administrative body and case management system. 11. Pilot Phase with Limited Jurisdiction
• Start with a narrow range of case types( e. g. cross-border corporate insolvency over a certain size).
• Allow voluntary referral of disputes by national courts.
12. Monitoring and Evaluation Mechanism
• Independent oversight body to track the court’ s performance.
• Mechanisms for revision of the treaty or procedural rules.
Phase 4: Expansion and Institutional Maturity( 10 + Years)
13. Expand Membership
• Continue diplomatic outreach to expand global participation.
• Work with regional blocs( e. g. ASEAN, African Union, EU) to promote regional adoption.
14. Broaden Jurisdiction( if successful)
• Consider expanding to include sovereign debt restructuring or cross-border consumer insolvency in later stages. 15. Integrate with Existing Legal Infrastructure
• Develop interoperability with international arbitration, national insolvency courts, and organizations like UNCITRAL, IMF, and WTO.
Summary Timeline Phase 1: Feasibility & Consensus
• 1 – 3 Years
• Milestones: Global study, stakeholder consultations
Phase 2: Legal Framework Development
• 3 – 6 Years
• Milestones: Treaty drafting, jurisdiction and enforcement rules
Phase 3: Institutional Set-Up
• 6 – 10 Years
• Milestones: Ratifications, pilot operations, recruitment
Phase 4: Expansion & Maturity
• 10 + Years
• Milestones: Global adoption, broader jurisdiction
Got any ideas on how to keep the game rolling? Share your AI hacks with us for the next edition. Submissions are due January 31st 2026.
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