Overview
This important new work, undertaken by the Insolvency and Creditors' Rights Committee of the International Bar Association's Section on Business Law, gathers together a critical assessment of some of the most pressing current issues in cross-border insolvency and reorganization, under the following headings: The Proposed European Community Insolvency Convention; Comparative Analysis of Chapter 11 with the UK Administration System; Maxwell Communication: New Aspects of Cooperation in International Insolvency; The Olympia & York Reorganization: Parallel International Reorganization Proceedings; Treatment of International Insolvency Issues in Japan; Cross-Border Insolvency Issues in Canada; Aspects of International Insolvency Administration in Germany; Practical Problems in Cross-Border Insolvencies; Recognition of Foreign Insolvency and Legal Proceedings in Italy; The New Insolvency Regimes in Russia and the CIS; Shareholder Liability, Consolidation and Pooling; The Model International Insolvency Cooperation Act; Effects of Foreign Bankruptcy Judgments and Power of Foreign Receivers – A French Perspective. The editors have gathered an impressive team of insolvency experts from Canada, Italy, Australia, Germany, Japan, Russia, UK and the EC, to develop a text for practitioners. It is a comparative work, and addresses developments necessitated by BCCI, Maxwell, and Olympia & York. Appendices set out the Model International Insolvency Cooperation Act in several languages.