Any choice of a state for a cross-border insolvency regime involves a trade-off between increased cross-border economic … activity and application of less-preferred substantive insolvency law. A state may be relatively more dependent (‘dependent … States on the drafting of the UNCITRAL Model Law on Cross-Border Insolvency is used as a case study …

This chapter deals with fundamental issues of corporate insolvency law. Particular attention is paid to the agency … structure of the chapter follows the issues as they arise in time in a corporate insolvency proceeding: objectives of insolvency … (corporate) insolvency laws. In terms of jurisdictions, the chapter mainly draws on the corporate insolvency laws in the US …

the practice of distressed debt trading, it is here to stay and is likely to influence European insolvency practice in …