As multinational trade has increased, so has the need for crossborder insolvency agreements. For forty years, the European Community and European Union have attempted to agree on cross-border insolvency procedures. The author explores the history of these efforts, the policy issues which have made agreement difficult, and the demise of the EUs best hope for a cross-border insolvency agreement: the failed 1995 Convention. Finally, she compares past and current proposals, and explains why they are inferior solutions to the failed Convention.
Burton, Leslie A.
"Toward an International Bankruptcy Policy in Europe: Four Decades in Search of a Treaty,"
Annual Survey of International & Comparative Law:
1, Article 8.
Available at: http://digitalcommons.law.ggu.edu/annlsurvey/vol5/iss1/8