Document Type
Article
Disciplines
International Law
Abstract
In May 2000, the American Law Institute (hereinafter "ALI") completed its Transnational Insolvency Project (hereinafter the "TIP") with the membership's approval of Principles of Cooperation in Transnational Insolvency Cases Among the Members of the North American Free Trade Agreement.' The approval marked the end of a unique five-year cooperative effort by experts in bankruptcy law from Canada, Mexico, and the United States. The resulting text is an authoritative statement of basic principles (hereinafter the "ALl Principles") for the conduct of multinational bankruptcy cases.
The TIP was important both for its results and for its significance in the life of the ALI. Although the ALI had previously produced an important text in international law, the Restatement (3d) of the Foreign Relations Law of the United States, it had not undertaken a fully international project involving the laws of other countries. The importance of the entry of the ALI, arguably the most prestigious and influential of all American law-reform organizations, into the international and comparative law arena cannot be overemphasized. The ALI has now embarked on a second international project, the Transnational Procedure Project, and is weighing the possibility of other international undertakings.
Recommended Citation
Westbrook, Jay Lawrence, "The Transnational Insolvency Project of the American Law Institute" (2001). Connecticut Journal of International Law. 358.
https://digitalcommons.lib.uconn.edu/cjil/358
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