William Macadam

Abstract Asset tracing and recovery (ATR) has become highly challenging in the digital age, where, with the touch of computer keys, assets can be shifted through multiple jurisdictions within minutes, creating significant challenges for recovering value. While many countries have tools to enable ATR, these tools differ from jurisdiction to jurisdiction and often are not recognized across borders in a manner that keeps pace with the need for rapid ATR, particularly during insolvency.

GRR sat down with one of the draftsmen behind India’s Insolvency and Bankruptcy Code and a senior partner at his firm, to chat about the economic and restructuring landscape locally, as well as whether India might finally adopt the UNCITRAL Model Law on Cross Border Insolvency in 2023. AZB Partners co-founder Bahram Vakil and senior partner Nilang Desaisaid that while business is very good, delays are weighing-down India’s seven-year-old bankruptcy system.

Fried Frank Harris Shriver & Jacobson and Appleby have secured the first substantive creditor winding up order under a new law in Jersey – against a rental guarantor company that is already in insolvency proceedings in Luxembourg. To read more Subscribe to Global Restructuring Review Register for limited access Register to receive our newsletter and gain limited access to subscriber content.