International Insolvency Law : National Laws and International Texts

This book presents problems that often arise in the context of international/cross-border insolvencies; analyzes and compares national legislations and jurisprudence; elucidates the solutions offered by international/regional instruments; and explores the differences in the implementation of these instruments by various countries and the consequences of these differences. It examines in detail a number of famous and less famous cases tried by national courts, in which it became readily apparent that insolvency law remains one of the bastions of national law. In addition, the book discusses the notion of transplanting foreign [international] insolvency rules and especially the influence that US insolvency law has exerted on other countries’ insolvency [and international insolvency] law. Far from adopting an unrealistically optimistic stance, it soberly examines the complications of cross-border insolvencies, while also presenting potential solutions. Front Matter ....Pages i-xi Introduction (Elina Moustaira)....Pages 1-8 Insolvency: International Insolvency (Elina Moustaira)....Pages 9-25 Influences: Legal Transplants (Elina Moustaira)....Pages 27-46 European Union (Elina Moustaira)....Pages 47-72 UNCITRAL Model Law 1997 (Elina Moustaira)....Pages 73-106 Protocols (Elina Moustaira)....Pages 107-117 Groups of Companies (Elina Moustaira)....Pages 119-141 Restructuring (Elina Moustaira)....Pages 143-149 Conclusions (Elina Moustaira)....Pages 151-155