Учебный год 2023 / phd
.pdf6.7.1The East African Community as an Example of the General State
of Cross-Border Insolvency Treatment in SSA Regional Groupings249
6.7.2SADC and the Inspiration for Adopting a Regional Cross-Border
Insolvency Regime |
252 |
6.7.3OHADA as an Exceptional Case in Cross-Border Insolvency
Regulation in SSA |
253 |
6.8 Conclusion |
258 |
CHAPTER SEVEN |
261 |
ISSUES AND PERSPECTIVES FOR CONSIDERATION IN DEVELOPING A FRAMEWORK FOR ADDRESSING THE CHALLENGES OF CROSSBORDER INSOLVENCIES
7.1 Introduction
7.2Context for Consideration in Developing a Cross-Border
Insolvency Framework
7.3Policy Choices in the Development and Implementation of
Cross-Border Insolvency Law
7.3.1 Local Policy Sensitive-Aspects of Cross-Border Insolvency
7.3.2Examples of Local Policy Influence on Priority System and
Cross-Border Insolvencies Regulation
7.4Identifying Relevant Local Policies for Cross-Border Insolvency
Law: The Potential Role of National Policies
7.4.1An Overview of the National Policies as They Relate to the
Cross-Border Insolvency Reform Process
7.4.2‘Particularities’ Emerging From a Review of the Selected National
Policies: A Pointer to Modified Universalism
x
7.4.3Significance and Implication of the Local Policy Perspectives for
Cross-Border Insolvencies |
278 |
7.4.3.1 Private Investments and Economic Growth |
279 |
7.4.3.2 Increasing Participation of Local Enterprises in the Global Market |
|
and Access to International Finance |
284 |
7.4.3.3 Poverty Reduction through Continuation and Protection of |
|
Businesses and Employment |
286 |
7.4.3.4 Environmental Protection Aspects |
288 |
7.4.3.5 Sovereign, National Interests, International Co-operation and |
|
Regional Integrations |
291 |
7.5Modified Universalism As an Appropriate Theoretical Approach
|
for SSA Situations |
295 |
7.6 |
A Critique of the Relevance and Suitability of Existing Initiatives |
300 |
7.6.1Customising the UNCITRAL Model Law on Cross-Border
Insolvency for Respective SSA Countries: Is it Possible
and Suitable? |
302 |
7.6.2Searching for a Framework for a Regional Cross-Border Insolvency
Regulation |
306 |
7.6.2.1 Benefiting from Selected Regional Cross-Border Insolvency |
|
Regimes |
307 |
7.6.2.2 Adopting the Model Law by and for a Regional Integration |
316 |
7.7Thinking Outside the Box: Resolving Indeterminacy of Local
|
Policies |
319 |
7.8 |
Conclusion |
320 |
xi
CHAPTER EIGHT |
323 |
|
CONCLUSION AND RECOMMENDATIONS |
323 |
|
8.1 |
Introduction |
323 |
8.2 |
Main Insights of the Study |
323 |
8.3 |
Original Contribution of the Study to Knowledge |
333 |
8.4 |
Recommendations and Implications for Policies and Legislation |
336 |
8.5 |
Limitations and Areas for Further Research |
337 |
BIBLIOGRAPHY |
340 |
|
xii
|
LIST OF ABBREVIATION |
ACP |
Africa Caribbean Pacific |
AGOA |
Africa Growth and Opportunity Act |
ALI |
America Law Institute |
AU |
African Union |
APRM |
Africa Peer Review Mechanism |
BIT |
Bilateral Investment Treaty |
BRR |
Bankruptcy (Reciprocity) Rules |
COMESA |
Common Market for Eastern and Southern Africa |
COMI |
Centre of Main Interest |
CERDS |
Charter of Economic Rights and Duties Of States |
EAC |
East Africa Community |
EACJ |
East Africa Court of Justice |
EACA |
East Africa Court of Appeal |
EBA |
Everything But Arms |
ECIR |
European Council (EC) Regulation on Insolvency Proceedings |
ECCAS |
Community of Central Africa States |
ECOWAS |
Economic Community for West African States |
EPA |
Economic Partnership Agreement |
ESA |
Eastern and Southern Africa |
EU |
European Union |
FDI |
Foreign Direct Investment |
FSAP |
Financial Sector Assessment Programme |
GATT |
General Agreement on Tariffs and Trade |
xiii
ICCPR |
International Covenant on Civil and Political Rights |
ICESCR |
International Covenant on Economic, Social and Cultural Rights |
ICSID |
International Centre for Settlement of Investment Dispute |
IMF |
International Monetary Fund |
LDC |
Least Developed Countries |
MENA |
Middle East and North Africa |
MFN |
Most Favoured Nation |
MoU |
Memorandum of Understanding |
NAFTA |
North America Free Trade Agreement |
NEPAD |
New Partnership for Africa's Development |
OHADA |
Organisation for Harmonisation of Business Law in Africa |
PCA |
Permanent Court of Arbitration |
SADC |
Southern Africa Development Community |
SACU |
South Africa Custom Union |
SME |
Small and Medium Enterprise |
SOEs |
State Owned Enterprises |
SSA |
Sub-Saharan Africa(n) |
ROSC |
Report on Observance of Standards and Codes |
RTA |
Regional Trade Agreement |
TIDCA |
Trade and Investment Development and Cooperation Agreement |
TIFA |
Trade and Investment Framework Agreements |
UN |
United Nations |
UNCITRAL |
United Nations Commission for International Trade Law |
UNCTAD |
United Nation Conference for Trade and Development |
USAID |
United States Agency for Aid and Development |
WAEMU |
West African Economic and Monetary Union |
|
xiv |
WTO |
World Trade Organisation |
xv
TABLE OF LEGISLATION
Application of Laws Ordinance 1920 (Tanganyika)
Bankruptcy Act (Tanzania)
Bankruptcy Act (Chapter 486 of Laws of Kenya)
Bankruptcy Act 1914 (England)
Bankruptcy (Amendment) Act 1926 (England)
Bankruptcy Code (US)
Bankruptcy (Reciprocity) Rules G.N. No. 38 of 1932 (Tanzania) Bankruptcy (Reciprocity) Rules (LN 143/1962) (Kenya) Capital Market Authority Act 2002 (Kenya)
Capital Market and Security Act 1994 (Tanzania)
Civil Procedure Code Act 1966 (Tanzania)
Companies Act 1948 (England)
Companies Act 1985 (England)
Companies Act (Consolidation) 1908 (England)
Companies Act 2002 (Tanzania)
Companies (Amendment) Act 2007 (Cayman Islands)
Companies Act 1929 (England)
Companies Act (Chapter 686 of Laws of Zambia)
Companies Ordinance (Tanzania)
Companies (Insolvency Rules 2004 (GN 43 of 2005) (Tanzania) Companies Act (Chapter 486 of Laws of Kenya)
Constitution of Republic of Kenya 2010
Corporation Law 2001 (Cayman Island)
xvi
East Africa Order in Council 1897 (Kenya)
Environmental Management Act 2004 (Tanzania)
Foreign Exchange Act 1992 (Tanzania)
Indian Companies Act 1913
Insolvency Act 1986 (UK)
Insolvency Act 2009 (Mauritius)
Judicature Act 1967 (Kenya)
Judicature and Application of Law Act 1961 (Tanzania)
Kenya Colony Orderin- Council 1921
Land Act 1999 (Tanzania)
Land (Amendment) Act 2004 (Tanzania)
Privatisation Act 2005 (Kenya)
Public Corporation Act 1992 (Tanzania)
Public Corporation (Amendment) Act 1993 (Tanzania)
Public Corporation Act 1969 (Tanzania)
Tanganyika order-in-Council 1920 (Tanzania)
Tanzania Investment Act 1997 (Tanzania)
xvii
TABLE OF CASES
Sub-Saharan Africa
Allan Dick and Company West Africa Ltd, Re Nigeria federal High Court Suit No. FHC/L/CP/654/08 (Nigeria) (Unreported)
Credit Africa Bank Ltd (In Liquidation) v Aliasi Namo Kundiona, Supreme Court of Zambia Judgement No. 9 of 2003 (Unreported)
Dayalji Laxman, Re [1959] EA 216 (Uganda)
Fahari Bottlers Ltd and Southern Highlands Bottlers ltd v The Registrar of Companies and National Bank of Commerce (1997) Ltd Court of Appeal of Tanzania, Civil revision No. 1 of 1999 (Tanzania) (Unreported)
Fahari Bottlers Ltd, Re, High Court of Tanzania, Misc. Civil cause No. 155 of 1998 (Tanzania) (Unreported)
First International bank of Grenada (In Liquidation) v Theoderous Ten Brink & Others HCCS 298 of 2003 (Uganda) (unreported)
Jasbir SighRai and 3 others v tarlochan Singh rai & 13 others Court of Appeal (Nairobi) Civil Appeal No. 63 of 2001 (Kenya) (Unreported) < http: www.kenyalaw.org/Articles/ > accessed 31 August 2010
Muddu Awulira Enterprises Ltd (Uganda High Court (Commercial Division) Cause No. 14 of 2004 [2004] UGCOMMC 5
Nyali Ltd V Attorney-General [1955] 1 EAR 646
Obongo v Municipal Council of Kisumu [1971] EA 91
Official Receiver v Messrs Savadia & Co 18 EACA 119 (1951)
Official Receiver v Messrs Ukamba Service Store 20EACA 19 (1952)
Plataniotis, Re [1958] EA 217 (Kenya)
United Kingdom
A Company (No.00359) of 1987
African Farms, Re 1906 TS 373
xviii
Azoff-Don Commercial Bank, Re [1954] Ch 315
Bank of Credit and Commerce International SA (No. 10) Re [1997] Ch 213
Banque des Merchant de Moscou (Koupetchesky) v Kindersley [1951] Ch 112 Banque Indosuez v Ferromet Resources [1993] BCLC 112
Bloom v The Pensions Regulator [2011] EWCA Civ 1124
Brac Rent a Car, Re [2003] 1 WLR 1421, [2003] All ER (D) 98 (Feb)
Cambridge Gas transport Corporation v Official Committee of Unsecured Committee of Unsecured Creditors of Navigator Holding PLC [2006] UKPC 26; [2007] 1 AC 508(PC(IOM))
Ci4net.com Inc, Re [2005] BCC 277
Collins & Aikman Corp. Group [2006] EWHC 1343 (Ch)
Cooper v Board of Works for Wandsworth District (1863) 14 CB (NS) 180, 194; 143 ER 114, 420
English Scottish and Australian Chartered Bank, Re [1893] 3 Ch 385
Eloc Electro Optiek and Communitie BV, Re [1982] Ch 43
HIH Casuality and General Insurance, Re [2008] UKHL 21, [2008]1 WLR 852
Hulley Enterprises Limited v the Russian Federation (PCA Case No AA226)
International Westminister Bank v Okeonos [1988] 1 Ch 210
Kloeebe, Re (1884) 28 ChD 175
Lazard bros & Co v Midland Bank (1933) AC 283
Macaulay v Guaranty Trust Company of New York (1927) 40 TLR 99
Matheson Bros Ltd, Re (1884) 27 ChD 225
Nortel Networks SSA and Other Companies, Re [2008] EWHC 206
Phillips v Hunter (1793) 2 HBI 402; (1795) 126 ER 618
Phoenix KapitalDienst GmbH, Re [2008] BPIR 1082
Real Estate Development Co, Re [1991] BCLC 210
Rubin v Eurofinance [2010] EWCA Civ 895
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