ILA and UNIDROIT-International Institute for the Unification of Private Law, entered into a Memorandum of Understanding on 2nd July 2023 to work together in areas of common interest to both the institutions. The Memorandum was executed and exchanged in New Delhi in the presence of distinguished guests, the esteemed members of insolvency industry and the UNIDROIT delegation. On behalf of UNIDROIT, its Secretary-General, Prof. Ignacio Tirado, executed the Memorandum, while Justice A.K. Sikri, former Judge Supreme Court of India and Chairman ILA Global Advisory Board signed for ILA.