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What is Understanding Cross-Border Insolvency about?
This document summarizes theories of cross-border insolvency. It discusses the principle of unity, where all courts must defer to the authority where the company is situated. It also discusses the principle of plurality, where there is a main insolvency proceeding dealing with winding up or asset distribution, and ancillary proceedings related to foreign assets. Finally, it discusses the principle of universality, where the insolvency proceeding extends to all the company
- Author
- kulls
- Language
- EN