Abstract
The growing complexity of cross-border business transactions necessitates efficient mechanisms for resolving insolvency cases with international dimensions. This article explores the challenges and opportunities Zambia faces in aligning its insolvency framework with the UNCITRAL Model Law, a key instrument promoting harmonization in international insolvency proceedings. Using qualitative document review, this research investigates how specific sections (146-162) of Zambia’s Corporate Insolvency Act No. 9 of 2017, which address cross-border insolvency, align with the UNCITRAL Model Law. The analysis identifies areas where the Zambian Act demonstrates strengths in its approach, alongside potential weaknesses, and opportunities for improvement. The findings highlight the significance of this research for Zambia, informing policymakers on potential amendments to enhance efficiency and effectiveness in cross-border insolvency resolution. Additionally, the study offers valuable insights for other developing economies seeking to harmonize their insolvency frameworks with international best practices.
Published Version
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