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

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

Přehled o publikaci

D 2016

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

MAHDALOVÁ, Silvie

Basic information

Original name

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

Authors

MAHDALOVÁ, Silvie (203 Czech Republic, guarantor, belonging to the institution)

Edition

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

Publisher

VŠB - Technical University of Ostrava

Other information

Language

English

Type of outcome

Proceedings paper

Field of Study

Legal sciences

Country of publisher

Czech Republic

Confidentiality degree

is not subject to a state or trade secret

Publication form

printed version "print"

References:

URL

RIV identification code

RIV/00216224:14220/16:00093589

Organization

Právnická fakulta – Repository – Repository

ISBN

978-80-248-3911-0

UT WoS

000387986300062

Keywords in English

International Insolvency Law; Insolvency Proceedings; the Principle of Universality; the Principle of Territoriality; Modified Universality

Changed: 3/9/2020 21:17, RNDr. Daniel Jakubík

Abstract

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.

Files attached

http://is.muni.cz/repo/1372774/VSB_sbornik.pdf File version

https://is.muni.cz/publication/1372774/VSB_sbornik.pdf File version

Cite

MAHDALOVÁ, Silvie. The Principle of Universality versus the Principle of Territoriality in the European Insolvency Law. In Proceedings of the 3rd International Conference on European Integration 2016. Ostrava: VŠB - Technical University of Ostrava, 2016, p. 564-571. ISBN 978-80-248-3911-0.

@inproceedings{25135,
   author = {Mahdalová, Silvie},
   address = {Ostrava},
   booktitle = {Proceedings of the 3rd International Conference on European Integration 2016},
   keywords = {International Insolvency Law; Insolvency Proceedings; the Principle of Universality; the Principle of Territoriality; Modified Universality},
   howpublished = {tištěná verze "print"},
   language = {eng},
   location = {Ostrava},
   isbn = {978-80-248-3911-0},
   pages = {564-571},
   publisher = {VŠB - Technical University of Ostrava},
   title = {The Principle of Universality versus the Principle of Territoriality in the European Insolvency Law},
   url = {https://www.ekf.vsb.cz/export/sites/ekf/icei/.content/galerie-dokumentu/ICEI-2016_Sbornik_Komplet_Web_FINAL.pdf},
   year = {2016}
}

TY  - CONF
ID  - 25135
AU  - Mahdalová, Silvie
PY  - 2016
TI  - The Principle of Universality versus the Principle of Territoriality in the European Insolvency Law
PB  - VŠB - Technical University of Ostrava
CY  - Ostrava
SN  - 9788024839110
KW  - International Insolvency Law
KW  - Insolvency Proceedings
KW  - the Principle of Universality
KW  - the Principle of Territoriality
KW  - Modified Universality
UR  - https://www.ekf.vsb.cz/export/sites/ekf/icei/.content/galerie-dokumentu/ICEI-2016_Sbornik_Komplet_Web_FINAL.pdf
N2  - 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.
ER  -

MAHDALOVÁ, Silvie. The Principle of Universality versus the Principle of Territoriality in the European Insolvency Law. In \textit{Proceedings of the 3rd International Conference on European Integration 2016}. Ostrava: VŠB - Technical University of Ostrava, 2016, p.~564-571. ISBN~978-80-248-3911-0.