Entry in Oxford Business Law Blog.
Interest in comparative corporate insolvency law has grown considerably in recent years, driven by various factors. It is increasingly recognized that (corporate) insolvency laws have a significant impact on entrepreneurship and economic growth. Hence, jurisdictions attempt to identify best practices that allow them to boost their domestic economies. At the same time, the number of transnational insolvencies is clearly on the rise. Given the growth in international commerce, today even the insolvency of small or medium-sized (closed) corporations usually will exhibit some transnational aspect such as foreign creditors, subsidiaries/branches/offices in other jurisdictions or assets that are located abroad. However, scholarly work in the field of comparative corporate insolvency law so far has been rather scarce.