International Receivership Act

The International Receivership Act provides a legal framework for appointing court-appointed individuals, called receivers, to manage and protect assets involved in cross-border or international disputes. This law ensures that these receivers can operate effectively across different jurisdictions, safeguarding assets, and facilitating international cooperation. It helps courts oversee complex financial matters that span multiple countries, ensuring fair handling and resolution, especially in cases of insolvency, fraud, or complex litigation involving multinational parties. This act promotes consistency and enforceability of receivership orders in the global context.