Year of Graduation
Recognition and Enforcement of the Legal Judgements on the Cross-border Insolvency Cases
International Economic Law
The sphere of cross-border insolvency follows the development of economic relations between foreign business subjects. Nowadays, it is necessary to work on universal mechanism of recognition and enforcement of judgments of foreign courts on insolvency cases. Such framework will protect both creditors' and debtor's interests. It will ease search and consolidation of the property of the debtor as well, and it will lead to more full satisfaction of the creditors' claims.