FEATURE
Insolvency Rules
Abroad
A LOOK AT LATEST TRENDS IN KEY MARKETS
By Nicholas Stern
In this interconnected world, in which the prospects of inter-
national trade can feed the fever dreams of potentially sky-
rocketing sales figures and expanding footprints, commercial
creditors benefit by staying grounded in the attendant risks. pean Union and beyond, governments are stepping up their
legislative efforts to more quickly and efficiently wind down
or reorganize troubled firms that would otherwise weigh on
their prosperous economies.
These include keeping abreast of the latest developments in
bankruptcy and insolvency provisions and reforms within the
nations where they trade. From China to India to the Euro- In some cases, countries’ bankruptcy courts are taking matters
into their own hands to provide efficient and effective com-
munication channels to streamline cross-border insolvency