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Comment: A More Optimistic View of Cross-Border Insolvency

Publication Title

Washington University Law Quarterly

Abstract

In re Axona and In re Maxwell Communication Corp, along with other cases in other jurisdictions, demonstrate a remarkable level of cooperation in international insolvency in comparison with the discouraging results accepted as inevitable just a few years ago. When one considers these concrete results in the courts in conjunction with the rapidly expanding international initiatives for reform in this field, the prospects seem distinctly ungloomy.

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