Cross-border insolvency

Cross-border insolvency (sometimes called international insolvency) regulates the treatment of financially distressed debtors where such debtors have assets or creditors in more than one country.^[1] Typically, cross-border insolvency is more concerned with the insolvency of companies that operate in more than one country rather than bankruptcy of individuals. Like traditional conflict of laws rules, cross-border insolvency focuses upon three areas: choice of law rules, jurisdiction rules and enforcement of judgment rules.^[2] However, in relation to insolvency, the principal focus tends to be the recognition of foreign insolvency officials and their powers.

^ Ian Fletcher (2005). Insolvency in Private International Law (2nd ed.). Oxford University Press. ISBN 978-0199262502.
^ Andrew Keay and Peter Walton (2011). Insolvency Law (2nd ed.). Jordans. p. 385. ISBN 978-1846611193.

[1] Ian Fletcher (2005). Insolvency in Private International Law (2nd ed.). Oxford University Press. ISBN 978-0199262502.

[2] Andrew Keay and Peter Walton (2011). Insolvency Law (2nd ed.). Jordans. p. 385. ISBN 978-1846611193.

[1]

[2]