INSOLVENCY Series | Episode 5: Cross-border Insolvency and International Aspects
In today’s globalised economy, businesses commonly operate in multiple States and engage with international creditors. Consequently, financial difficulties faced by a business often transcend national borders. Hence, insolvency proceedings opened in a State will frequently have cross-border implications. Several questions arise when a debtor’s insolvency has or may have cross-border implications, namely: Jurisdiction: which courts […]
