Maritime cross-border insolvency under the UNCITRAL model law regime : commonwealth and US perspectives
Author(s)
Bibliographic Information
Maritime cross-border insolvency under the UNCITRAL model law regime : commonwealth and US perspectives
Hart, 2020
- : hbk
Available at 4 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Includes bibliographical references and index
Description and Table of Contents
Description
This book covers the pressing issues of cross-border cases involving admiralty and bankruptcy law. For example, what should happen when a shipowner files an insolvency proceeding in one country, while at the same time facing an in rem action against its vessel in another country? Should the in rem action arising in one country be stayed or dismissed because of the existence of insolvency proceedings in another country?
The book discusses the relevant issues regarding the treatment of maritime creditors throughout insolvency proceedings, the determination of the 'centre of main interest' of an offshore shipping company, and the scope of a debtor's assets. The author uses a comparative law analysis, selecting four leading shipping countries - Australia, the UK, the US, and Singapore - and examines their approaches to the above three problems when applying the UNCITRAL Model Law regime.
The book also proposes a solution to help eliminate the ambiguity arising from maritime cross-border insolvency cases under the UNCITRAL Model Law regime, with a view to enhancing the development of the shipping industry.
Table of Contents
1. Introduction
2. Bankruptcy Law: Fundamental Aims and Relevant Prominent Principles
I. Fundamental Aims of the Law of Insolvency
II. Liquidation and Reorganisation
III. Stay of Proceedings
IV. Secured Creditors and Unsecured Creditors
3. Cross-Border Insolvency: Theoretical Divergence and Its Status Quo
I. The Problem with Cross-Border Insolvency
II. Theoretical Divergence
III. The Evolution of Theories and the Status Quo
4. The UNCITRAL Model Law
I. Access
II. Recognition
III. Relief
IV. Co-operation and Co-ordination
5. Maritime Claims: Characteristics, Secured Status and Enforcement Methods
I. Maritime Liens
II. Statutory Rights of Action in Rem
III. Ship Mortgages
IV. Conflict of Laws
V. Enforcement of Maritime Claims
6. Key Conflicts between the UNCITRAL Model Law and Maritime Practice
I. Treatment of Maritime Creditors under the UNCITRAL Model Law Regime
II. Determination of the Centre of Main Interest
III. Scope of Debtor's Assets
7. Australia
I. Overview
II. The Regime of Insolvency and the Secured Status of Maritime Claims in Australia
III. Cross-Border Insolvency in Australia
IV. Attitudes of the Courts Toward in Rem Actions and the Personification Doctrine in Australia
V. Status of Chartered Vessels in Cross-Border Insolvency
VI. Summary
8. United Kingdom
I. Overview
II. The Insolvency Act 1986 and the Secured Status of Maritime Claims in the UK
III. Cross-Border Insolvency in the UK
IV. Courts' Attitudes Toward in Rem Actions and the Personification Doctrine in the UK
V. Status of Chartered Vessels in Cross-Border Insolvency
VI. Summary
9. United States
I. Overview
II. The Bankruptcy Code of the United States
III. Cross-Border Insolvency in the United States
IV. US Attitude Towards in Rem Actions and the Personification Doctrine
V. Status of Chartered Vessels in Cross-Border Insolvency
VI. Summary
10. Singapore
I. Overview
II. The Regime of Insolvency and Secured Status of Maritime Claims in Singapore
III. Cross-Border Insolvency in Singapore
IV. Courts' Attitudes Towards in Rem Actions and the Personification Doctrine in Singapore
V. Status of Chartered Vessels in Cross-Border Insolvency
VI. Summary
11. Policy Reflections on the Treatment of Maritime Creditors under the UNCITRAL Model Law Regime
I. Maritime Liens
II. Statutory Rights of Action in Rem
III. Ship Mortgages
IV. Conflict of Laws
V. Summary
12. Policy Reflections on the Determination of the Centre of Main Interest and the Scope of Debtor's Assets
I. Determination of the Centre of Main Interest of Shipping Companies
II. Scope of Debtor's Assets
III. Summary
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