The North American Free Trade Agreement has stimulated a large increase in economic activity that crosses the Canadian, Mexican, and United States borders. Inevitably, this has resulted in an increase in the number of bankruptcies in which creditors and assets are located in more than one of the NAFTA countries. The American Law Institute's (ALI's) Transnational Insolvency: Cooperation Among the NAFTA Countries arose in response to this increasing number of bankruptcies of multinational economic enterprises. The Project's eventual goal was to develop principles and procedures for managing the general default of an economic enterprise having its center of interest in a NAFTA country and having assets, creditors, and operations in more than one NAFTA country.
The collection, 1991-1997, includes drafts and related materials pertaining to the creation of international statements for United States Bankruptcy Law, Canadian Bankruptcy Law, and Mexican Bankruptcy Law.
Held at: University of Pennsylvania: Biddle Law Library [Contact Us]