Publications

The ABI Guide to Cross-border Insolvency in the United States

This Guide is a must-read for any practitioner involved in international insolvency issues. The authors address the history of the UNCITRAL Model Law on Cross-border Insolvency, which the United Nations Commission on International Trade Law adopted in 1997 after five years of meetings and discussion. Thirteen states have now adopted this law, which includes the United States' adoption of chapter 15 as part of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. For those involved in the evolving new world of chapter 15 law, this publication provides the necessary overview to understanding the law in practice. Softbound, 92 pages. Order your copy from ABI, today!

European Union Regulation on Insolvency Proceedings: An Introductory Analysis, Second Edition

Updated to reflect the recent modifications to the EU Insolvency Regulation, this book is a primer that covers jurisdictional issues, "winding-up" procedures such as the appointment of a liquidator, recognition of judgments, creditors' rights and other provisions. Written by Prof. Bob Wessels of Vrije University in Amsterdam, this book is an invaluable resource for professionals who find themselves increasingly involved in cross-border insolvency cases. Softbound, 170 pages.
Order your copy from ABI, today!

Business Recovery and Insolvency Practitioners Association of Sri Lanka (BRIPASL)

Submitted by admin on Fri, 10/30/2009 - 11:30

BRIPASL was formed through the efforts of several leading professionals in
the fields of accountancy, law, banking, secretarial and other disciplines in
order to play a leadership role in connection with, and in relation to, corporate
turnarounds and insolvencies in Sri Lanka.

BRIPASL’s other objectives are:

To encourage restructuring of sick industries and other business establishments.
To promote mutual exchanges of opinions and information by professionals who are engaged in research and practice in the field of insolvency and/or business recovery.
To provide a forum for professionals engaged in business recovery and insolvency practice to exchange views.
To promote law reforms in effective business recovery measures and insolvency.
To promote international cooperation with respect to insolvency and/or business recovery and related matters.

Who can be members of BRIPASL?
Finance and analyst professionals, legal professionals, banking professionals, chartered secretaries, senior professionals attached to financial and lending institutions. The Constitution provides for membership as follows:

Regular members: Any specified professional association can be enrolled as a regular member of the association if the application made by the person is approved by the Council and on payment of the membership fees for the year of enrolment

Institutional members: A corporate body, association or partnership firm that can contribute to the activities of the association in the field of development research or practice of business recovery or insolvency could be admitted as an institutional member.

What has BRIPASL done so far?

Obtained membership of INSOL International which works with the United Nations Commission of International Trade Law, the World Bank and the International Money Fund. In 2000, INSOL published the Statement of Principles for a global approach to multi-creditor work outs, which has become one of the most important contributions to restructuring businesses.
Conducted the Colombo Conclave Conference in February 2004 very successfully which was jointly organized with INSOL India.
Drafted an amendment to the Companies Act by way of a new Chapter on Rehabilitation and Revival of Companies and submitted it to the Government Authorities, and it is under consideration by them.

The Council
President: Mrs. Rohini Nanayakkara
Vice Presidents: Dr. Harsha Cabral, J.M. Swaminathan
General Secretary: Kandiah Neelakandan
Treasurer: G. J. David
Elected Council Members: Nihal Jayamanne. P.C., Ms. Mano Alles, N.R. Gajendran, D.K. Hettiarachchi, Nimal Hapuarachchy, D. Adikary
Nominated Council Members: Channa Ranasinghe, Senehelatha Perera, Gowri Shanker (CIMA)

Publications

Business Recovery and Insolvency Practitioners Association of Sri Lanka (BRIPASL)

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