Members
of the IAIR are:
- Government
Departments/Ministries
- Agencies
and Public Authorities
| which
have responsibility in their country for one or more of: |
- Insolvency
Policy and Legislation
- Insolvency
Practice and Administration
- Insolvency
Regulation
The International
Association of Insolvency Regulators (IAIR) is an international
body that brings together the collective experiences
and expertise of government insolvency regulators from
jurisdictions around the world. IAIR members have a unique
perspective given the role that they play in insolvency
systems.
Download the IAIR
pocket leaflet (79kb  May 2008 edition)
summarising its purposes, membership, annual conferences,
studies and its work on regulatory frameworks
for the World Bank. |
We use the term Insolvency
Regulators to refer to
government and public organisations with insolvency
functions. Insolvency Regulation encompasses the regulation
of private sector insolvency administrators and oversight
of insolvencies administered by these administrators.
Background
to the IAIR
The
idea of IAIR as a formal body arose from a meeting
of government insolvency regulators arranged by the
Insolvency & Trustee
Service, Australia alongside
a World Congress of Insol
International held in Melbourne,
Australia in March 1993. IAIR was formally established
at a meeting in Hong Kong
in
November
1995 and attended
by representatives from Australia, Hong Kong, India,
Jersey, Malaysia, New Zealand, Singapore, United Kingdom
and United States of America. This core group became
the founding members of IAIR.
Since
then, IAIR meetings have been held annually hosted
by member organisations. Membership of the organisation
has more than doubled since its formation; around 20
countries have been granted observer status; and
the IAIR has contacts in a further 20 or so countries.
Purposes
of the IAIR
Members
recognise that effective and efficient procedures
for dealing with financial failure are essential for
maintaining confidence in financial markets, encouraging
enterprise, underpinning investment and economic growth
and supporting business and consumer credit; and that,
increasingly, insolvencies extend beyond national jurisdictions
through the continuing development of international
trade and finance. IAIR aims to promote liaison and
co-operation and provides a forum for discussion amongst
insolvency regulators. The Association thereby contributes
to a wider understanding of insolvency issues, procedures
and practices and the development of approaches that
reflect the different legal, socio-economic, historical,
cultural and institutional frameworks of of the countries
from which members come.
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