99-22444. Proposed UNIDROIT Convention on International Equipment Finance and a Protocol on Aircraft Transactions; Meeting Notices

[Federal Register Volume 64, Number 167 (Monday, August 30, 1999)]
[Notices]
[Page 47220]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-22444]


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DEPARTMENT OF STATE

[Public Notice No. 3085]


Proposed UNIDROIT Convention on International Equipment Finance 
and a Protocol on Aircraft Transactions; Meeting Notices

AGENCY: Department of State.

ACTION: Notice: Meetings on Cross-Border Insolvency.

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SUMMARY: The Study Group on Cross-Border Insolvency of the Secretary of 
State's Advisory Committee on Private International Law will hold two 
meetings, the first on September 16, 1999 in New York City and the 
second on November 20, 1999 in Houston, Texas. The topic will be 
developments in cross-border insolvency laws and procedures affecting 
commercial entities and proposed international initiatives.

AGENDA: The agenda, subject to available time, will include a review of 
current developments in this field, including the status of legislation 
pending in Congress on procedural aspects of cross-border insolvency 
cases. The principle focus will be examination of possible legal 
approaches concerning reform of substantive as well as procedural 
bankruptcy laws, which could be the basis of future international 
efforts to prepare model legislative provisions, guidelines or even at 
some point a treaty system. The focus will be on reform and uses of 
bankruptcy law regimes as a positive factor in assisting all states, 
including developing countries and countries in transition, to 
strengthen economic systems through more effective recycling or 
preservation of economic assets of distressed commercial enterprises. 
The impacts on systemic business and financial systems will be 
considered.
    These discussions will, inter alia, assist in preparation of 
possible U.S. positions as various international fora, including the 
United Nations Commission on International trade Law (UNCITRAL) which 
will hold a meeting of its Working Group on Cross-Border Insolvency 
starting December 6, 1999. In addition, advice will be sought on 
insolvency issues within the context of negotiation at UNCITRAL of a 
draft treaty regime for accounts receivable financing, and at UNIDROIT 
on a draft treaty regime for international secured interests in mobile 
equipment. Finally, the effect of the proposed Hague Conference 
convention on jurisdiction, recognition and enforcement of foreign 
court judgments on insolvency proceedings, orders and judgments will be 
considered.

Attendance

    The meetings are open to the public up to the capacity of the 
meeting rooms. The first meeting will be at 10:00 am-4:00 pm on 
September 16, 1999 at the New York City office of Goodwin, Procter & 
Hoar, 599 Lexington Ave., 40th floor; the second meeting will be at 
10:00 am-4:00 pm on November 20, 1999 at the Houston office of 
Fulbright & Jaworski, 1301 McKinney St., 49th floor. Members of the 
public wishing to attend should contact either Cynthia Vitello at (617) 
570-1445, fax [phone], email [e-mail]., or Rosie Gonzales at 
[phone], fax [phone] or email at [e-mail].
    For copies of relevant documents on the above topics, please 
contact Ms. Gonzales at the Department of State, Office of Legal 
Adviser at the above numbers. For additional information on the 
international organizations or processes involved, contact Harold 
Burman at [phone], fax [phone].
Harold S. Burman,
Executive Director, Secretary of State's Advisory Committee on Private 
International Law, United States Department of State.
[FR Doc. 99-22444 Filed 8-27-99; 8:45 am]
BILLING CODE 4710-08-P