Journal articles: 'Cross-border insolvency'

1

Kozyris, P. John. "Cross-Border Insolvency." American Journal of Comparative Law 38 (1990): 271. http://dx.doi.org/10.2307/840544.

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Bos, Titia M. "Cross-Border Insolvency." Netherlands International Law Review 42, no. 01 (May 1995): 121. http://dx.doi.org/10.1017/s0165070x00003399.

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Graham, David. "Cross-Border Insolvency." Current Legal Problems 42, no. 1 (1989): 217–29. http://dx.doi.org/10.1093/clp/42.1.217.

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Singh, Dalvinder. "Cross-border bank insolvency." Journal of Banking Regulation 13, no. 1 (December 14, 2011): 86–88. http://dx.doi.org/10.1057/jbr.2011.23.

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Kattadiyil, Binoy Joy, and Bakhtiyor Anvarovich Islamov. "CROSS-BORDER GROUP INSOLVENCY, A STUDY OF NORTEL CASE." Scientific Reports of Bukhara State University 5, no. 4 (April 30, 2021): 150–61. http://dx.doi.org/10.52297/2181-1466/2021/5/4/14.

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Introduction. This Article is a detailed analysis of one of the most complex and landmark judgments in the area of cross border group insolvency. It traces the timeline of the insolvency of Nortel Plc. and the simultaneous proceedings in multiple jurisdictions. Introduction followed by Literature Review. Research methods are exploratory in nature, since the study has to explore a case of the simultaneous proceedings in multiple jurisdictions. Results and discussions. The Article discusses that there are two major methods for dealing with corporate groups undergoing insolvency, which are: Procedural Coordination and Substantive Consolidation. Under such mechanisms which little to no precedence in any jurisdiction, this case carved out its own path to arrive at the outcome of Pro-Rata Allocation. The case is significant for being heard at the same time in two courtrooms, one in Delaware and one in Ontario, that were linked in order to receive live evidence together. This Article discusses the importance and significance of having a cross border group insolvency regime in place. In the era of Globalisation, the integration of national economies into a global economic system has been one of the most important developments of the last century

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Ho, Look Chan. "Anti-Suit Injunctions in Cross-Border Insolvency: A Restatement." International and Comparative Law Quarterly 52, no. 3 (July 2003): 697–736. http://dx.doi.org/10.1093/iclq/52.3.697.

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In its simplest form, a transnational insolvency involves an insolvency1 proceeding in one country, with creditors located in at least one additional country.2 In the most complex case, it involves multiple proceedings, subsidiaries, affiliated entities, assets, operations, and creditors in dozens of nations. Complex international insolvencies continue to proliferate alongside a burgeoning world-wide free market economy that entails the globalisation of commercial and financial markets.3

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Damardjati, Respati, Emmy Latifah, and Al Sentot Sudarwanto. "ANALISIS PEMBENTUKAN ASEAN CROSS BORDER INSOLVENCY REGULATION SEBAGAI SOLUSI PERMASALAHAN KEPAILITAN LINTAS BATAS DI ASEAN." Jurnal Privat Law 5, no. 1 (February 2, 2017): 106. http://dx.doi.org/10.20961/privat.v5i1.19368.

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AbstractThis paper purposes to analize the idea for establishing ASEAN cross border insolvency regulation as a solution of cross-border insolvency problem in ASEAN. It is a legal research viewed from descriptive analytic. The result of this paper indicates that the absence of uniformity or harmonization of insolvency law in ASEAN region will inflict some problems which are relating to the procedure of recognition and enforcement of a foreign insolvency. The regulation as a solution of cross-border insolvency in the ASEAN region is expected to become a facilitator for resolving problems and reducing uncertainty in cross-border insolvency cases. ASEAN Cross Border Insolvency Regulations in the form of a model law is the right solution to solve the problems of cross-border insolvency in the ASEAN region.Keyword (s) : ASEAN, ASEAN Cross Border Insolvency Regulation, Cross Border InsolvencyAbstrakArtikel hukum ini bertujuan untuk menganalisis gagasan pembentukan ASEAN cross border insolvency regulation sebagai solusi permasalahan kepailitan lintas batas di ASEAN. Jenis penelitian hukum ini adalah penelitian hukum normatif yang bersifat deskriptif. Hasil penelitian ini menunjukkan bahwa tidak adanya keseragaman atau harmonisasi hukum kepailitan di kawasan ASEAN menimbulkan permasalahan yang berkaitan dengan prosedur pengakuan dan pelaksanaan putusan kepailitan asing. Kehadiran sebuah pengaturan hukum sebagai solusi dari permasalahan kepailitan lintas batas di kawasan ASEAN sangat diharapkan untuk dapat menjadi fasilitator dalam menyelesaikan permasalahan dan dapat mengurangi ketidakpastian dalam perkara kepailitan lintas batas. ASEAN Cross Border Insolvency Regulation berupa model law merupakan solusi yang tepat dalam menyelesaikan permasalahan kepailitan lintas batas di kawasan ASEAN.Kata Kunci : ASEAN Cross Border Insolvency Regulation, Kepailitan Lintas Batas

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Sproge, Daiga. "The Debtor’s Property Selling in the Cross-Border Insolvency Proceedings." Economics and Culture 13, no. 1 (June 1, 2016): 76–87. http://dx.doi.org/10.1515/jec-2016-0010.

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Abstract The title of this research is “The debtor’s property selling in the cross-border insolvency proceedings”. The insolvency proceeding gets the cross-border status also in case, if a debtor is an owner of the property outside of the main interests’ centre, namely, in another country. Therefore, there are many problematic cases when insolvency administrator (also called insolvency practitioner) defines the real estate in this other country and has to make a decision concerning the methods of selling the real estate in accordance with the law of the Member State in which territory the insolvency proceedings have been started. At the same time, the administrator shall provide that the property is sold in particular with regard to procedures for the realization of assets defined in the legislation of that country, where such real estate has been located. The article’s aim is to give a view of the features of the sale of the property in the insolvency proceedings and to define the possible lack and improvements in the cross-border insolvency concerning the selling of a debtor’s property. The European Parliament and the Council of the European Union has adopted Regulation (EU) 2015/848 of 20 May 2015 on Insolvency proceedings, which shall apply from 26 June 2017, with some exceptions Despite the regulation of the cross-border insolvency has been improved, the procedure of the property disposal is still incomplete in the cross-border insolvency proceedings. Within the study the following research methods are applied: the analytical method, comparative method, sociological method and descriptive method. The predicted value of the research is theoretical and also practical. The research should be useful for the insolvency proceedings administrators, the companies and the banks, other experts involved in the cross-border insolvency proceedings, as well as for students to improve their theoretical knowledge about the cross-border insolvency.

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Mevorach, Irit, and Adrian Walters. "The Characterization of Pre-insolvency Proceedings in Private International Law." European Business Organization Law Review 21, no. 4 (February 26, 2020): 855–94. http://dx.doi.org/10.1007/s40804-020-00176-x.

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AbstractThe decade since the financial crisis has witnessed a proliferation of various ‘light touch’ financial restructuring techniques in the form of so-called pre-insolvency proceedings. These proceedings inhabit a space on the spectrum of insolvency and restructuring law, somewhere between a pure contractual workout, the domain of contract law, and a formal insolvency or rehabilitation proceeding, the domain of insolvency law. While, to date, international insolvency instruments have tended to define insolvency proceedings quite expansively, discussion of the cross-border implications of pre-insolvency proceedings has barely begun. The question is whether pre-insolvency proceedings should qualify as proceedings related to insolvency for the purpose of private international law characterization. The risk is over-inclusivity of cross-border insolvency law, which, where it is based on universality and unity, might defeat contractual expectations. This article argues, however, that we should be slow to exclude pre-insolvency proceedings from cross-border insolvency law: these proceedings are initiated in the zone of insolvency, their effectiveness depends on a statutory mandate and not purely on private ordering, they interact and intersect with formal proceedings, and can benefit from the unique system developed by cross-border insolvency law. We suggest, though, that modified universalism (the leading norm of cross-border insolvency) and international insolvency instruments, should, and are able to, adjust to the peculiarities of pre-insolvency proceedings to address concerns about inclusivity and accommodate pre-insolvency proceedings adequately.

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Wee, Meng Seng. "The Belt and Road Initiative, China’s Cross-Border Insolvency Law, and the UNCITRAL Model Law on Cross-Border Insolvency." Chinese Journal of Comparative Law 8, no. 1 (June 1, 2020): 116–42. http://dx.doi.org/10.1093/cjcl/cxaa012.

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Abstract By examining the special features of cross-border insolvency affecting the Belt and Road Initiative (BRI), this article explains that it is crucial for China to ensure that its cross-border insolvency law is fit for the purposes of the BRI. The current law is unsatisfactory, as may be seen in Hanjin Shipping’s decision not to seek recognition of its Korean restructuring proceeding in China. China wants to cooperate more in cross-border insolvency, but it is concerned that recognizing foreign insolvency proceedings will prejudice China’s interests. This article explains that the logic and limits of the United Nations Commission on International Trade Law’s Model Law on Cross-Border Insolvency is enlightened self-interest, which leads to recognition being very limited and distinguished from relief and relief being based on domestic law. Thus, it argues that the adoption of the Model Law will not prejudice China’s interests.

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11

Keay, Andrew. "THE HARMONIZATION OF THE AVOIDANCE RULES IN EUROPEAN UNION INSOLVENCIES." International and Comparative Law Quarterly 66, no. 1 (November 16, 2016): 79–105. http://dx.doi.org/10.1017/s0020589316000518.

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AbstractCross-border transactions and resultant legal proceedings often cause problems. One major problem is knowing which law should govern the transaction and any legal proceedings. Cross-border insolvencies in the EU are subject to the European Regulation on Insolvency Proceedings (EIR) but this legislation does not determine which substantive insolvency law rules apply in a given insolvency. There are many differences in the insolvency rules applicable in the various EU Member States and this has caused concern in relation to the avoidance of transactions entered into by an insolvent prior to the opening of insolvency proceedings. In light of this, the paper examines options to address divergence between national avoidance rules. One option, harmonization, is analysed as well as its possible benefits and drawbacks.

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12

Bork, Reinhard. "Principles of Cross-Border Insolvency Law." Revista de derecho (Valparaíso), no. 50 (July 2018): 35–50. http://dx.doi.org/10.4067/s0718-68512018000100035.

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13

Mason, Rosalind. "Cross-border Insolvency and Legal Transnationalisation." International Insolvency Review 21, no. 2 (June 2012): 105–26. http://dx.doi.org/10.1002/iir.1199.

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14

Xu, Jingchen. "Maritime cross‐border insolvency in China." International Insolvency Review 29, no. 1 (April 28, 2020): 118–37. http://dx.doi.org/10.1002/iir.1374.

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15

Millett, Sir Peter. "Cross-Border insolvency: The judicial approach." International Insolvency Review 6, no. 2 (1997): 99–113. http://dx.doi.org/10.1002/iir.3940060202.

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Burgio, Manfredi. "Cross border insolvency—an Italian approach." International Insolvency Review 8, no. 1 (1999): 39–47. http://dx.doi.org/10.1002/(sici)1099-1107(199921)8:1<39::aid-iir50>3.0.co;2-o.

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Lastra, Rosa M. "Northern Rock, UK bank insolvency and cross-border bank insolvency." Journal of Banking Regulation 9, no. 3 (May 2008): 165–86. http://dx.doi.org/10.1057/jbr.2008.12.

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Madupalli, Ravi, and Dr Ch Lakshmana Rao. "The IBC Amendments to Usher in the Cross-Border Insolvency Resolution." International Journal of Psychosocial Rehabilitation 23, no. 1 (February 20, 2019): 307–14. http://dx.doi.org/10.37200/ijpr/v23i1/pr190240.

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Kashiwagi, Noboru. "The cross border insolvency situation in Japan." International Insolvency Review 9, no. 3 (2000): 205–11. http://dx.doi.org/10.1002/1099-1107(200024)9:3<205::aid-iir74>3.0.co;2-5.

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Kim, Young Ju. "Cross-Border Insolvency and Security Interests - The 2015 EU Insolvency Regulation -." Justice 180 (October 31, 2020): 223–58. http://dx.doi.org/10.29305/tj.2020.10.180.223.

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Bibikov, S. E. "Collisional legal regulation of the responsibility of the controlling debtor in respect of cross-border insolvency." Courier of Kutafin Moscow State Law University (MSAL)), no. 3 (June 14, 2021): 212–18. http://dx.doi.org/10.17803/2311-5998.2021.79.3.212-218.

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This study highlights the problem of establishing the applicable law for cross-border insolvency relations of a legal entity. The author examines various approaches to the choice of the applicable law to the liability of controlling persons, provides foreign experience and reveals the main trends in resolving conflict issues. It is noted that the lack of legal regulation of cross-border insolvency relations, including conflict of laws rules, does not allow creditors to fully recover losses from controlling persons whose assets are in foreign jurisdiction. In order to eliminate contradictions in practice, it is proposed to consolidate in civil legislation an independent conflict of laws rule on the liability of controlling persons in relations of cross-border insolvency of a legal entity. It is concluded that the conflict-of-law choice of the applicable law to disputed legal relations directly depends on the jurisdiction of the state in which the proceedings on the cross-border insolvency of a legal entity are initiated.

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Walters, Robert. "Insolvency and Data Protection." Business Law Review 42, Issue 1 (January 1, 2021): 2–12. http://dx.doi.org/10.54648/bula2021001.

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This article examines the interrelationship between crossborder insolvency, insolvency in general and data protection. Prior to the outbreak of the coronavirus, the world had already been facing significant geopolitical and economic challenges. It examines Australia, the European Union, the United Kingdom (BREXIT), and the United States data protection and privacy laws. What has emerged from the recent adoption of data protection and privacy law, is a highly fragmented approach. States and in the case of the European Union have largely gone it alone. This poses significant challenges to entities that are experiencing financial stress and either going through insolvency (including cross border insolvency), restructuring or a merger or acquisition. Insolvency and legal practitioners will need to be aware of the varied approach taken by jurisdictions in defining personal data, the concept of consent and regulatory requirement(s) to appoint a controller or processor. This article argues that increasingly administrators and liquidators will need to consider the various data protection laws, when proceeding with cross-border insolvency. Cross-border insolvency, insolvency in general and data protection, Australia, the European Union, the United Kingdom (BREXIT), and the United States data protection and privacy laws

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Wessels, Bob. "Cross-Border Insolvency Law in Europe: Present Status and Future Prospects." Potchefstroom Electronic Law Journal/Potchefstroomse Elektroniese Regsblad 11, no. 1 (June 26, 2017): 67. http://dx.doi.org/10.17159/1727-3781/2008/v11i1a2752.

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In May 2007 the European countries celebrated the first lustrum of the EU Insolvency Regulation (1346/2000). This article describes where Europe stands with its model which is based on well known theories of private international law for dealing with cross-border insolvencies. The EU Insolvency Regulation provides for a national court to exercise international jurisdiction to open insolvency proceedings. The basis for international jurisdiction is the debtor’s “centre of main interests” or COMI. The two most important cases decided by the European Court of Justice (17 January 2006 Staubitz Schreiber and 2 May 2006 Eurofood) are discussed. The article further analyses the regulation’s legal concept and its procedural context and explains that 'financial institutions' are not covered by the Insolvency Regulation, but by separate directives (2001/17; 2001/24). After having taken stock several suggestions are submitted for improvement of the system of cross-border insolvency in Europe.

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Mevorach, Irit. "Overlapping International Instruments for Enforcement of Insolvency Judgments: Undermining or Strengthening Universalism?" European Business Organization Law Review 22, no. 2 (February 8, 2021): 283–315. http://dx.doi.org/10.1007/s40804-021-00204-4.

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AbstractIn recent years modified universalism has emerged as the normative framework for governing international insolvency. Yet, divergences from the norm, specifically regarding the enforcement of insolvency judgments, have also been apparent when the main global instrument for cross-border insolvency has been interpreted too narrowly as not providing the grounds for enforcing judgments emanating from main insolvency proceedings. This drawback cannot be overcome using general private international law instruments as they exclude insolvency from their scope. Thus, a new instrument—a model law on insolvency judgments—has been developed. The article analyses the model law on insolvency judgments against the backdrop of the existing cross-border insolvency regime. Specifically, the article asks whether overlaps and inconsistencies between the international instruments can undermine universalism. The finding is mixed. It is shown that the model law on insolvency judgments does add vigour to the cross-border insolvency system where the requirement to enforce and the way to seek enforcement of insolvency judgments is explicit and clear. The instrument should, therefore, be adopted widely. At the same time, ambiguities concerning refusal grounds based on proper jurisdiction and inconsistencies with the wider regime could undermine the system. Consequently, the article considers different ways of implementing the model law and using it in future cases, with the aim of maximizing its potential, including in view of further developments concerning enterprise groups and choice of law.

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Polshkova, M. I. "Confl ict Regulation of Debtor’s Transactions Invalidity in Cross-Border Insolvency." Actual Problems of Russian Law 16, no. 1 (January 28, 2021): 147–55. http://dx.doi.org/10.17803/1994-1471.2021.122.1.147-155.

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Given the lack of proper legal regulation of both cross-border insolvency in general and the invalidity of transactions in cross-border insolvency in the Russian law, the author analyzes Russian judicial practice revealing the problem of determining applicable law in challenging the debtor’s transactions in the framework of the insolvency procedure. The author concludes that the Russian judicial practice shows that determination of the law applicable to the invalidity of transactions is contingent on the existence of a bankruptcy procedure and on the grounds for recognizing the transaction as invalid. Based on the analysis of the European regulation of legal issues applicable when challenging the debtor’s transactions in cross-border insolvency, the author considers possible exceptions to the conflict of laws lex fori concursus for certain categories of third parties to be protected from unexpected interference in the legal relationship of the parties to foreign law in order to ensure the stability of the turnover and maintain legal certainty.

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van Nielen, Willem J. B. "European Communication and Cooperation (‘CoCo’) Guidelines for Cross-border Insolvency Proceedings." European Company Law 4, Issue 6 (December 1, 2007): 260–64. http://dx.doi.org/10.54648/eucl2007062.

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In this contribution Willem van Nielen discusses the non-binding European Communication and Cooperation Guidelines for Cross-border Insolvency Proceedings, also known as the ‘CoCo’ Guidelines, that offer guidance on the application of the EC Insolvency Regulation.

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Ruiz Martín, Anna María. "On the applicable law to detrimental acts, third party payments and “assignment” of claims in cross border insolvency proceedings." CUADERNOS DE DERECHO TRANSNACIONAL 14, no. 1 (March 7, 2022): 893–903. http://dx.doi.org/10.20318/cdt.2022.6725.

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In this preliminary ruling (C-73/20), the Court of Justice of the European Union (CJEU) faces again (as did in former case law), the issue of what law is applicable to detrimental acts within the course of a cross border insolvency proceeding. On this occasion, the CJEU analyses how and when, –according to the EU Private International Law (EU PIL) at hand for those proceedings, i.e.: the lex spe-cialis (articles 4 and 13 Insolvency Regulation) and the lex generalis (article 12 para 1 lit a Rome I Re-gulation)–, which one is of application to determine the law applicable to acts which can be considered as “detrimental” to all the creditors. With other words, whether it would be applicable to the detrimental act, the lex concursus which governs the insolvency proceedings as a whole or the lex contractus which governs the law to the contract which led in these detrimental acts. However, the particularity of this case which is highly significant is grounded in the different relationships of the parties as a consequence of an “alleged” assignment between the insolvent company, the original debtor and an outsider creditor to this cross-border insolvency proceeding. Something that the CJEU did not pore it over as expected.

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CHO, Eung-Kyung. "French Cross-border Insolvency Law : a Comparative Introduction." Korea Private International Law Journal 24, no. 2 (December 31, 2018): 337–94. http://dx.doi.org/10.38131/kpilj.2018.12.24.2.337.

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Franken, S. M. "Cross-Border Insolvency Law: A Comparative Institutional Analysis." Oxford Journal of Legal Studies 34, no. 1 (August 30, 2013): 97–131. http://dx.doi.org/10.1093/ojls/gqt019.

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30

Dirix, Eric, and Vincent Sagaert. "Cross-border insolvency in Belgian Private International Law." International Insolvency Review 15, no. 1 (2006): 57–69. http://dx.doi.org/10.1002/iir.136.

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Omar, Paul. "Cross-border assistance in insolvency under Jersey law." International Insolvency Review 20, no. 2 (February 3, 2011): 107–29. http://dx.doi.org/10.1002/iir.192.

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32

Reinhart, Stefan. "Germany's insolvency bill and its cross-border provisions." International Insolvency Review 2, no. 2 (1993): 187–214. http://dx.doi.org/10.1002/iir.3940020205.

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Puspitasari, Lia Nopiharni, Dian Septiandani, Diah Sulistyani Ratna Sediati, and Kadi Sukarna. "PROBLEMATIKA EKSEKUSI HARTA PAILIT DALAM CROSS BORDER INSOLVENCY." JURNAL USM LAW REVIEW 4, no. 2 (November 25, 2021): 743. http://dx.doi.org/10.26623/julr.v4i2.4238.

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Penelitian ini bertujuan untuk mengetahui praktek eksekusi harta pailit yang di dalam pelaksanaannya terdapat problematika dan juga mekanisme pemberesan harta pailit dalam cross border insolvency. Terkait dengan adanya kepailitan lintas batas negara, Indonesia belum mengatur mengenai peraturan yang mengatur mengenai hal tersebut sehingga muncul sebuah problematika dalam eksekusi kepailitan lintas batas negara. Metode penelitian yang digunakan yaitu metode pendekatan yuridis normatif. Cross border insolvency dapat terjadi apabila aset atau utang seorang debitur terletak di lebih dari satu negara atau apabila debitur termasuk ke dalam yurisdiksi pengadilan pada dua atau lebih negara. Dalam kaitannya dengan kasus kepailitan yang bersifat lintas batas, sering terjadi suatu keadaan dimana terdapat debitor yang akan digugat pailit berkedudukan di suatu negara, tetapi ia juga melakukan kegiatan usaha dan memiliki aset di luar negeri. Begitupun sebaliknya, debitor asing yang akan digugat pailit, tetapi ia memiliki kegiatan usaha ataupun aset di Indonesia. Hal tersebut mengakibatkan keadaan harta debitur yang melintasi batas negara sering menimbulkan permasalahan mengenai batasan harta debitur yang termasuk ke dalam boedel pailit.

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Fletcher, IF. "Challenge and Opportunity: the ALI/III Global Principles Project." Potchefstroom Electronic Law Journal/Potchefstroomse Elektroniese Regsblad 11, no. 1 (June 26, 2017): 1. http://dx.doi.org/10.17159/1727-3781/2008/v11i1a2750.

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This article deals with an international project to establish the extent to which it is feasible to achieve a worldwide acceptance of the Principles of Cooperation among the NAFTA Countries together with the Guidelines Applicable to Court-to-Court Communications in Cross-Border Cases. This contribution explains the process whereby the American Law Institute and the International Insolvency Institute (1) developed principles of cooperation with regard to cross-border insolvency; (2) established acceptance of these principles in jurisdictions across the world, subject to any necessary local modifications; and (3) obtained the endorsement of leading domestic associations, courts, and other groups in those jurisdictions. This article may contribute to the development the South African cross-border insolvency law. The inclusion of the challenges of harmonisation of private international law is also contributing to current debate.

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Hsien, Rachel Chiu Li. "A World Without Borders; A New World Order: Navigating Cross-Border Insolvencies Through Arbitration." Asian International Arbitration Journal 14, Issue 2 (December 1, 2018): 117–41. http://dx.doi.org/10.54648/aiaj2018007.

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To date, multi-jurisdictional efforts aimed at managing cross-border insolvencies are largely limited to broad speaks of cooperation between national Courts. Absent is pointed attention to the incongruence in national insolvency laws at play. Without a single cross-jurisdictional forum with policing-like powers to navigate these differences, detours from the certainty, speed, and predictability that insolvency law serves have become a recurrence. This article posits realigning the goals of insolvency law in the context of cross-border insolvencies, by employing arbitration and mediation as lubricants to the difficult ‘choice of law’ and ‘choice of forum’ issues that present. The author proposes the construct of a specialized interstate dispute resolution centre that runs on a quasi-arbitration-mediation model and a set of ‘choice of law’ principles. This framework offers a path to resolve certain cross-border insolvency related disputes that carry a substantial transnational element. Most critically, the author advocates the value of a transnational integrated framework aimed at building consensus around ‘choice of law’ and ‘choice of forum’ issues. She believes this is key to realizing the goals of certainty and expeditious management of multinational commercial enterprises in financial distress.

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Imanullah, Najib, Emmy Latifah, and Pramesthi Dinar Kirana Ratri. "INTERNATIONAL AND DOMESTIC LAW ASPECTS OF CROSS-BORDER INSOLVENCY IN ORDER TO ESTABLISHING CROSS-BORDER INSOLVENCY REGULATION IN ASEAN: INDONESIAN PERSPECTIVE." Indonesia Law Review 8, no. 2 (August 31, 2018): 190. http://dx.doi.org/10.15742/ilrev.v8n2.265.

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Bork, Reinhard. "The European Insolvency Regulation and the UNCITRAL Model Law on Cross-Border Insolvency." International Insolvency Review 26, no. 3 (September 12, 2017): 246–69. http://dx.doi.org/10.1002/iir.1282.

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Gaboardi, Marcello. "The Role of Consent in European Cross-Border Insolvency Proceedings: The Unilateral Undertaking under Article 36 EIRR." Global Jurist 21, no. 2 (March 16, 2021): 417–46. http://dx.doi.org/10.1515/gj-2020-0002.

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Abstract Properly balancing between public and private interests is one of the most significant and complex challenges presented by modern insolvency law. The European Union insolvency law has recently embraced that challenge, by reinforcing the role that private actors, such as creditors and stakeholders, are called upon to play within the context of insolvency proceedings. That approach to insolvency has gradually reduced the impact of public actors, such as judges and public officers, in managing the debtor’s financial difficulties. The individual consent seems to be the new way of facing the debtor’s insolvency. First, this Article examines the role of individual consent in insolvency proceedings in terms of economic efficiency. It focuses on the tendency to favor agreements between the debtor and creditors or the insolvency practitioner in several European legal systems when they increase the likelihood to produce efficient results for both the parties. The second part of this Article focuses on the European Regulation on cross-border insolvency proceedings no. 848/2015. I offer some critical thoughts about the unilateral undertaking under article 36 of the European Regulation. It represents a relevant means of managing the debtor’s cross-border insolvency through an agreement between the insolvency practitioner in the main insolvency proceedings and local creditors in order to avoid the opening of inefficient secondary proceedings.

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Asnil, Dicky Moallavi. "UNCITRAL Model Law on Cross Border Insolvency Sebagai Model Pengaturan Kepailitan Lintas Batas Indonesia dalam Integrasi Ekonomi ASEAN." Undang: Jurnal Hukum 1, no. 2 (March 11, 2019): 323–46. http://dx.doi.org/10.22437/ujh.1.2.323-346.

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The economic integration program between the members of Association of South East Asian Nations (ASEAN) and surrounding areas that trancends national borders and citizenship potentially creates the cross borders bankrupcy problems. The problem was born when the debtor undergoing bankruptcy process has assets abroad,where the bankruptcy proceedings are hampered by the laws of the country concerned. In adition, Indonesia and ASEAN do not yet a bankruptcy regulation that binds its member states in the settlement of this problems. UNCITRAL Model Law on Cross Border Insolvency with Guide to Enactment is a model of cross-border insolvency law made by The United Nations which aims to be a reference of the world countries in the business of modernization and harmonization of national bankruptcy law respectively. This article shows that UNCITRAL Model Law on Cross Border Insolvency with Guide to Enactment which adheres to this flexibility principle can be used as a solution to modernize and harmonize bankruptcy law of ASEAN countries, especially Indonesia. Abstrak Program integrasi ekonomi antar negara anggota Association of South East Asian Nations (ASEAN) dan sekitarnya yang melampaui batas-batas negara dan kewarganegaraan saat ini berpotensi melahirkan permasalahan kepailitan lintas batas. Permasalahan itu lahir pada saat debitor yang menjalani proses kepailitan di suatu negara memiliki aset di luar negeri, di mana proses kepailitan terhadap aset pailit itu terhambat oleh hukum yang berlaku di negara bersangkutan. Indonesia dan ASEAN sampai saat ini belum memiliki peraturan kepailitan yang mengikat negara anggotanya dalam penyelesaian permasalahan ini. UNCITRAL Model Law on Cross Border Insolvency with Guide to Enactment adalah sebuah model hukum kepailitan lintas batas yang dibuat oleh Persatuan Bangsa-Bangsa yang bertujuan untuk menjadi rujukan negara-negara dunia dalam usaha modernisasi dan harmonisasi hukum kepailitan nasional masing-masing. Artikel ini menunjukkan bahwa UNCITRAL Model Law on Cross Border Insolvency with Guide to Enactment yang menganut prinsip fleksibilitas dapat dijadikan solusi dalam upaya melakukan modernisasi dan harmonisasi hukum kepailitan negara-negara ASEAN, khususnya Indonesia.

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Višekruna, Aleksandra. "Cooperation in cross-border insolvency: The case of protocols." Strani pravni zivot, no. 3 (2018): 65–88. http://dx.doi.org/10.5937/spz1803065v.

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Kieninger, Eva-Maria. "Michael Veder, Cross-Border Insolvency Proceedings and Security Rights." Edinburgh Law Review 10, no. 2 (May 2006): 317–21. http://dx.doi.org/10.3366/elr.2006.10.2.317.

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Linna, Tuula. "Actio Pauliana– “Actio Europensis”? Some Cross-Border Insolvency Issues." Journal of Private International Law 10, no. 1 (April 17, 2014): 69–87. http://dx.doi.org/10.5235/17441048.10.1.69.

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Harmer, R. W. "Documentation B. uncitral model law on cross-border insolvency." International Insolvency Review 6, no. 2 (1997): 145–53. http://dx.doi.org/10.1002/iir.3940060206.

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Guo, Shuai. "Conceptualising upcoming Chinese bank insolvency law: Cross‐border issues." International Insolvency Review 28, no. 1 (March 2019): 44–62. http://dx.doi.org/10.1002/iir.1328.

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Lee, Hae-Min. "The US Cross-border Insolvency Practice and Its Implications." Korea Private International Law Journal 27, no. 2 (December 31, 2021): 109–55. http://dx.doi.org/10.38131/kpilj.2021.12.27.2.109.

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van den Braak, Sandra. "Creditor Protection at the Crossroads of Company and Insolvency Law: The Dutch Example." European Company Law 5, Issue 5 (October 1, 2008): 229–36. http://dx.doi.org/10.54648/eucl2008046.

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This contribution investigates the crossroads of company and insolvency law against the background of the fact that EU Member States are not free in their approach of establishing the applicable law in the cross-border context of companies and insolvency.

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Dewi, Putu Eka Trisna. "The Cross-Border Insolvency in the Execution of Bankrupt Assets Outside Indonesian Jurisdiction: A Comparative Study with Malaysia, Singapore, and the Philippines." IKAT: The Indonesian Journal of Southeast Asian Studies 5, no. 1 (August 11, 2021): 47. http://dx.doi.org/10.22146/ikat.v5i1.64157.

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Insolvency institutions have an important role in realizing legal certainty in the settlement of debt and credit disputes, which is one of the risks that arise from the rapid development of international business transactions. Bankruptcy cases containing foreign elements are called cross-border insolvency. The problems that arise in cross-border insolvency are more complex, especially regarding the execution of assets of bankrupt debtors situated outside Indonesia's jurisdiction. This study uses a doctrinal legal research method with a statutory approach. Bankruptcy in Indonesia is regulated in Law Number 37 of 2004 concerning Bankruptcy and Postponement of Debt Payment Obligations. In this law, the execution of assets of bankrupt debtors outside the jurisdiction of Indonesia has not been regulated so that the curator as the body appointed to carry out the execution cannot carry out the task as mandated by the law. The non-executable assets of the bankrupt debtor outside the jurisdiction of Indonesia have caused the bankruptcy estate (de boedel) ineffective; therefore, creditors do not receive a maximum payment related to debtor's debt. For this reason, Indonesia needs to adopt the UNCITRAL model of law on cross-border insolvency or to make bilateral and/or multilateral agreements that are reciprocal in nature related to the execution of bankrupt debtors' assets located outside Indonesia's jurisdiction.

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Draguiev, Deyan. "The Effect of Insolvency on Pending International Arbitration: What Is and What Should Not Be." Journal of International Arbitration 32, Issue 5 (October 1, 2015): 511–42. http://dx.doi.org/10.54648/joia2015024.

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Situations in which the respondent in international arbitral proceedings is declared insolvent in its jurisdiction of incorporation while the arbitration is still pending are not uncommon. They raise a number of choice of law issues both in terms of substantive and procedural law. While the roots of arbitration lie in party autonomy, insolvency laws are often comprised of mandatory rules protecting the interests of different classes of stakeholders. This article attempts to devise an abstract model of the various choice of law and characterzation problems regarding the cross-border effect of the insolvency and provide reasoned options and solutions for the arbitral tribunal faced with the interaction between insolvency and pending arbitration proceedings. It is suggested that it is part of the arbitrators’ duty to render an enforceable award to consider cautiously the effects of insolvency, especially if there is a risk of a clash with the mandatory framework of insolvency either at the seat of the arbitration or the likely place of enforcement of the award. The arguments are tested against recent case law of various national courts having reviewed the conflicts between arbitration and insolvency.

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Torralba Mendiola, Elisa. "Las insolvencias transfronterizas en la Unión Europea: perspectivas jurisprudenciales y retos = Cross-border insolvencies in the European Union: recent case law and new challenges." CUADERNOS DE DERECHO TRANSNACIONAL 11, no. 2 (October 1, 2019): 360. http://dx.doi.org/10.20318/cdt.2019.4963.

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Resumen: El Reglamento 848/2015, sobre procedimientos de insolvencia regula los problemas de Derecho internacional privado que suscitan las situaciones concursales en el ámbito de la Unión Europea. En este trabajo se analiza la más reciente jurisprudencia del TJUE en materia concursal y los retos que se plantean a día de hoy en el tratamiento de la materia, que ponen de relieve la necesidad de adaptar la aplicación de los textos legales a situaciones políticas –y jurídicas– cambiantes.Palabras clave: insolvencia, cooperación, competencia.Abstract: Regulation 2015/848 on Insolvency Proceedings rules the private international law matters regarding insolvencies within the European Union. This paper analyses the most recent case law of the EUCJ and the challenges actually existing in this area, that evidence the need to adapt the application of the rules to the changing legal and political context.Keywords: insolvency, cooperation, jurisdiction.

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Omar, Paul. "Crossborder jurisdiction and assistance in insolvency: The position in Malaysia and Singapore." Potchefstroom Electronic Law Journal/Potchefstroomse Elektroniese Regsblad 11, no. 1 (June 26, 2017): 157. http://dx.doi.org/10.17159/1727-3781/2008/v11i1a2755.

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Malaysia and Singapore are members of the common law family and have 'inherited' their company and insolvency law from models in use in the United Kingdom with influences from Australia. It is the purpose of this article to outline the law in relation to cross-border insolvency, particularly the winding up of foreign companies, the co-operation provisions in bankruptcy and insolvency as well as more recent moves to redevelop insolvency through UNCITRAL and Asian Development Bank initiatives.

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Journal articles on the topic 'Cross-border insolvency'

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