On 14 January, 2023, ILA and UNCCI signed a Memorandum of Understanding to collaborate on the projects and programmes in the area of cross border insolvency such as, promoting awareness about the cross border insolvency law and practice, developing and delivering educational and training programmes, undertake research and other activities for the benefit of insolvency ecosystem in India and beyond.

It has been agreed to jointly set up a Chair of Cross Border Insolvency in India.