The Reform of Namibia’s Cross-Border Insolvency Framework

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Date

2015

Journal Title

Journal ISSN

Volume Title

Publisher

University of the Western Cape

Abstract

This paper argues that there is a need for an improved cross-border insolvency regime as the common law principles applied in Namibia are outdated and thus ill-equipped to deal with present-day complex issues of cross-border insolvency. The lack of literature on issues of crossborder insolvency belies the importance of cross-border insolvency in African developing countries like Namibia who seek to encourage trade and investment in the hope of achieving economic development. In the final section of chapter one, the paper will consider the Model Law as the basis needed to develop clear, fair and predictable rules to effectively deal with the various aspects of cross-border insolvencies in Namibia.

Description

Magister Legum - LLM

Keywords

Insolvency, Cross-border insolvency, United Nations Commission on International Trade Law, UNCITRAL Model Law on Cross-Border Insolvency, Namibia

Citation