1 . 4 . U N I T E D K I N G D O M ( E N G L A N D A N D W A L E S )

Of" specific significance in the present context is the statutory framework for crossborder

insolvency co-operation introduced by the United Kingdom Insolvency Act

1986 (IA 1986). However, in contrast to United States law, this statutory basis for c o operation

only applies in respect of a limited number of selected foreign states. As the

possibilities for co-operation under common law are not so limited, these will be

addressed first.