Insolvency Practitioners in Cross-border Insolvency Procedures
Description
We are excited to announce the release of a new episode of Global Perspectives, the International Insolvency Institute’s podcast series. This episode explores the evolving role and practice of insolvency practitioners (IPs), with a particular focus on their involvement in cross-border disputes. Dr. Elizabeth Streten, Lecturer at Queensland University of Technology and author of a recent publication in the field; and Andrea Harris, Partner at Grant Thornton, INSOL International Vice-President, and III Member; discuss the challenges and responsibilities faced by IPs. The conversation highlights how insolvency practitioners must balance complex legal and ethical obligations while fulfilling public functions in private roles. They examine the need for regulatory clarity at both domestic and international levels, including entry requirements, professional objectives, and interpretations of the IP role. The episode also addresses common misconceptions about insolvency practitioners, particularly the tendency to view them merely as "funeral directors" rather than facilitators of business rescue and asset recovery. It explores their vital function as communicators and educators, bridging the gap between stakeholders. The discussion further considers how accountants acting as insolvency practitioners contribute to financial investigations, including fund tracing, and how artificial intelligence may enhance their capabilities in the future. At the same time, the conversation acknowledges the limits of IPs’ expertise, particularly in highly specialized areas such as cryptocurrency and satellite technology. The podcast is introduced by NextGen’s Chairperson, Adam Crane of Baker &Partners in the Cayman Islands, and moderated by Dr. Eugenio Vaccari of Royal Holloway, University of London. It was recorded in early February 2025, with information accurate at the time of recording.