Progress and Challenges in Insolvency Law Harmonization Efforts
The increasing interconnectedness of global commerce underscores the critical importance of cross-border insolvency laws in facilitating international economic stability. Harmonization efforts aim to address legal disparities that complicate insolvency proceedings across jurisdictions. Achieving unified insolvency standards remains complex due to jurisdictional conflicts, procedural differences, and diverse cultural and economic considerations, which challenge policymakers and legal … Read more