This paper explains why multinational companies should be concerned about adjudication of international insolvencies. The Territorialism and Universalism Models of bankruptcy law are reviewed and employed as a backdrop to describe recent developments in the insolvency laws of four Asian nations. We conclude with an assessment of the status of the selected Asian nations’ insolvency laws, progress toward a uniform global system for resolving multinational insolvencies, and the strategic implications these developments hold for strategy formulation.
LeMaster, Jane; Downey, Clara; and Brewerton, Francis J., "Recent Developments In Selected Asian Countries’ Bankruptcy Laws: Should Multinational Company Strategists Be Concerned" (2007). International Business and Entrepreneurship Faculty Publications and Presentations. 4.
International Business & Economics Research Journal