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Cross-Border Protocols in Insolvencies of Multinational Enterprise Groups

Cross-Border Protocols in Insolvencies of Multinational Enterprise Groups

Author: Ilya Kokorin; Bob Wessels
Publisher: Edward Elgar Publishing
ISBN: 9781800880535
Published In: April 2021
Format: Hardback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

List Price: HKD 2,223.00

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Description
Contents

Details

Cross-border insolvency protocols play a critical role in facilitating the efficient resolution of complex international corporate insolvencies. This book constitutes the first in-depth study of the use of insolvency protocols, enriching existing knowledge about them and serving as a comprehensive introduction to their application in the context of multinational enterprise group insolvency. It traces the rise of insolvency protocols and discusses their legal basis, contents, effects, major characteristics and limitations.

Key features include:

proposition of a Group Insolvency Protocol (GIP) design
a comprehensive study of around 50 insolvency protocols from 1992 to 2020
analysis of major international insolvency law instruments, modern trends and developments in the area of insolvency of enterprise groups
practical recommendations for drafting an insolvency protocol, addressing problems related to their adoption and offering suggestions for the improvement of group coordination
exploration of the nature of insolvency protocols and pertinent issues including the preservation and realization of material assets, resolution of intercompany claims, information exchange, conflicts of interest, participation rights and group governance in insolvency

Cross-Border Protocols in Insolvencies of Multinational Enterprise Groups will be an indispensable resource for insolvency practitioners, lawyers, judges and policy makers, whilst also being of value to scholars and students concerned with insolvency law and corporate governance.

Preface

1. Introduction to Cross-border Protocols in Insolvencies of Multinational Enterprise Groups

2. The phenomenon of multinational enterprise groups

3. Insolvency of multinational enterprise groups

4. Cross-border insolvency protocols and agreements: Introduction and evolution

5. UNCITRAL and facilitation of cross-border insolvency cooperation: From entity to enterprise

6. European Insolvency Regulation (Recast) and group insolvencies

7. Legal nature of cross-border insolvency protocols

8. General features and limitations of insolvency protocols

9. Cross-border insolvency protocols and national law

10. Recommendations for use of insolvency protocols in group insolvencies

11. Bank insolvencies and cooperation agreements between resolution authorities