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The future of corporate insolvency law: A review of technology and AI-powered changes
International Insolvency Review ( IF 0.646 ) Pub Date : 2023-09-07 , DOI: 10.1002/iir.1512
Akshaya Kamalnath 1
Affiliation  

The conversation about how artificial intelligence (AI) might affect various areas of law (and other areas of life) has, in recent months, centred around ChatGPT which is just one application of AI. This article takes a broader view and assesses how AI, and technology more broadly, has begun to transform, and will continue to transform corporate insolvency law. While the pandemic has increased the adoption of technology in corporate insolvency processes, there is scope for further transformation. This article aims to survey the technological changes to corporate insolvency law and practice thus far and assess, based on current advances in technology, the potential for further transformation. It advances the argument that technology can improve efficiencies both prior to and during formal insolvency resolution processes. It therefore would be in the interests of every country to facilitate the adoption of technology at various points in the insolvency process. The article takes a cross-jurisdictional approach to identify tech advances in insolvency law across different countries based on which best practices and guidelines can be outlined.

中文翻译:

公司破产法的未来:技术和人工智能驱动变革的回顾

近几个月来,关于人工智能 (AI) 如何影响各个法律领域(以及生活的其他领域)的讨论主要集中在 ChatGPT,这只是人工智能的一种应用。本文采取更广泛的视角,评估人工智能和更广泛的技术如何开始转变并将继续改变公司破产法。尽管疫情增加了企业破产程序中技术的采用,但仍有进一步转型的空间。本文旨在调查迄今为止公司破产法和实践的技术变化,并根据当前技术进步评估进一步转型的潜力。它提出了这样的论点:技术可以在正式破产解决程序之前和期间提高效率。因此,在破产过程的各个阶段促进技术的采用符合每个国家的利益。本文采用跨司法管辖区的方法来确定不同国家破产法的技术进步,并在此基础上概述最佳实践和指南。
更新日期:2023-09-08
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