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The Principle of Universality versus the Principle of Territoriality in the European Insolvency Law

MAHDALOVÁ, Silvie

Základní údaje

Originální název

The Principle of Universality versus the Principle of Territoriality in the European Insolvency Law

Autoři

MAHDALOVÁ, Silvie (203 Česká republika, garant, domácí)

Vydání

Ostrava, Proceedings of the 3rd International Conference on European Integration 2016, od s. 564-571, 8 s. 2016

Nakladatel

VŠB - Technical University of Ostrava

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

Právní vědy

Stát vydavatele

Česká republika

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

tištěná verze "print"

Odkazy

Kód RIV

RIV/00216224:14220/16:00093589

Organizace

Právnická fakulta – Masarykova univerzita – Repozitář

ISBN

978-80-248-3911-0

UT WoS

000387986300062

Klíčová slova anglicky

International Insolvency Law; Insolvency Proceedings; the Principle of Universality; the Principle of Territoriality; Modified Universality
Změněno: 3. 9. 2020 21:17, RNDr. Daniel Jakubík

Anotace

V originále

The international insolvency law is based on two main principles – the principle of universality and the principle of territoriality. Under the principle of territoriality, the insolvency proceedings shall be limited to the assets located in the state in which the proceedings were opened. In light of the principle of universality, there is one single insolvency proceeding which shall affect all assets of the debtor and shall be governed by one national law. The universalism ensures efficiency and economy of the insolvency proceedings. On the other hand, due to widely differing national insolvency laws the application of universality without exception may cause difficulties. Therefore, European insolvency law is based on the modified universality which is a compromise between these two main principles. The article aims to outline the theoretical basis of these principles and analyze their concrete manifestations within cross-border insolvency proceedings.

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