Critical Analysis: Will an International Bankruptcy Reorganization Law be Viable?

  On December 12, 2012, the European Commission proposed an amendment (Proposal) to Council Regulation (EC) No. 1346/2000 on insolvency proceedings adopted in 2002. The Proposal, (EC) No. 2012/0360, seeks to modernize the EU’s existing insolvency laws, which have proven to be inadequate in the face of the recent economic recession. The current insolvency laws … Read more