What is meant by Principle of Supremacy of International Obligations as enunciated in Article 3 of Model Law.
CS Professional · Corporate Restructuring, Valuation and Insolvency · PYQS · December 2017
What is meant by Principle of Supremacy of International Obligations as enunciated in Article 3 of Model Law.
Answer & Explanation:
Principle of Supremacy of International Obligations (Article 3) Article 3 of the Model Law provides that to the extent the Model Law conflicts with an obligation of the State enacting the Model Law arising out of any treaty or other form of agreement to which it is a party with one or more other States, the requirements of the treaty or agreement prevail.
Topics: Insolvency Law
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