The purpose of this article is to analyze cross-border insolvency as an example of "transnational law", in the sense of … Model Law on Cross-Border Insolvency and in the EU Regulation on Insolvency Proceedings …

provide for a uniform standard of provisions relating to cross border insolvency. It also describes the concept of bankruptcy …, insofar as it applies to corporations, and traces the history of previous attempts made to standardise insolvency laws across … the world. Finally, the paper describes the Indian scenario and the lessons that may be learned from the UNCITRAL Model …