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Protocols and other voluntary commitments within european transnational insolvency regulation, EIR 848/2015


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Título :
Protocols and other voluntary commitments within european transnational insolvency regulation, EIR 848/2015
Autor :
Pasquariello, Federica
Departamento:
Departamentos de la UMH::Ciencia Jurídica
Fecha de publicación:
2019-01
URI :
http://hdl.handle.net/11000/5242
Resumen :
In response to cross-border insolvencies, conflicts of law and jurisdiction may arise and they cannot be resolved in a strictly Territorial approach. In fact, in an era of globalized and interconnected economies, an insolvency proceeding on a narrow national basis, which coexists with at least one other local proceeding may lead to unexpected outcomes. Actually, under Territorialism, each Country seizes the debtor’s assets which are located within its borders and conducts a separate bankruptcy proceeding to divide those assets among local creditors according to local law, while no proceeding affects each other. This causes a sharp fragmentation of the active and passive masses, and produces disappointing effects both on the level of creditors’ recovery, and on the front of an increase of costs as well.
Palabras clave/Materias:
territorialismo
insolvencias transfronterizas
Área de conocimiento :
CDU: Ciencias sociales: Derecho
Tipo documento :
application/pdf
Derechos de acceso:
info:eu-repo/semantics/openAccess
Aparece en las colecciones:
Núm. 11 Enero-Marzo 2019



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