COMPARATIVE ANALYSIS OF THE PRINCIPLES OF CROSS-BORDER INSOLVENCY

Authors

DOI:

https://doi.org/10.46991/S&L/2022.94.116

Keywords:

cross-border insolvency, principle, universalism, territorialism, creditor, debtor, foreign

Abstract

The article is devoted to the principles and methods of cross-border insolvency. The article reveals the peculiarities, as well as the advantages and disadvantages of the two main methods of cross-border insolvency (territoriality and universalism). Moreover, the article presents the main provisions of legal documents adopted by famous international organizations about territoriality and universalism, and respective conclusions are made.

Author Biography

  • Gohar Grigoryan, First Instance Court of General Jurisdiction of Gegharkunik Region

    PHD Student at the YSU Chair of the Civil Procedure,
    Judge of the First Instance Court of General Jurisdiction of Gegharkunik Region

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Published

2023-02-21

Issue

Vol. 94 No. 3 (2022): State and Law

Section

Articles

License

Copyright (c) 2023 State and Law

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

How to Cite

Grigoryan, G. (2023). COMPARATIVE ANALYSIS OF THE PRINCIPLES OF CROSS-BORDER INSOLVENCY. State and Law, 94(3), 116-123. https://doi.org/10.46991/S&L/2022.94.116