HISTORICAL DEVELOPMENT OF THE MODELS FOR CROSS-BORDER INSOLVENCY REGULATION IN EUROPE
DOI:
https://doi.org/10.56177/11icmie2023.27Keywords:
cross-border, insolvency, model, regulationAbstract
Cross-border insolvency within Europe has proven to be difficult for regulation. Several decades were needed in order to enact a Regulation on the topic. One of the most controversial matters was what model to be chosen for the regulation of cross-border insolvencies. The aim of this article is to analyse the historical development of these models up to the present moment and to outline their advantages and disadvantages.
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