{"product_id":"future-of-cross-border-insolvency-the","title":"Future of Cross-Border Insolvency,  The","description":"\u003cp\u003eA fresh and insightful guide to post-financial crisis cross-border insolvency, this book interrogates the current regime and sets out a framework  for improving its future. In recent decades, and especially since the global financial crisis, a number of important initiatives have focused on developing the mechanisms for managing the insolvency of multinational enterprises and financial institutions. The book considers the effectiveness of the current system and\n\u003cbr\u003eidentifies the gaps that could be bridged by adopting certain strategies and tools, to improve the system further.   The book first discusses the theoretical debate regarding\n\u003cbr\u003ecross-border insolvency and surveys the strengths and weaknesses of the prevailing method-modified universalism in its application to both commercial entities and financial institutions, consequently  identifying a single set of emerging norms. The book argues that adhering to these norms more robustly would enhance global welfare and produce the best outcomes for businesses and institutions.  By drawing upon sources from international law as well as behavioural and\n\u003cbr\u003eeconomic theory, the book offers a blueprint for meeting the demands of future cross-border insolvencies. It considers how to translate modified universalism into binding international law and how to choose\n\u003cbr\u003ethe right instrument for cross-border insolvency as well as the impact that instrument design has on decisions and choices. It explores how to encourage compliance and proposes mechanisms that could potentially overcome, or at least take into account, behavioural biases in decision-making.\u003c\/p\u003e","brand":"Oxford University Press","offers":[{"title":"Default Title","offer_id":43972443341038,"sku":"9780198782896","price":231.35,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0630\/9612\/7726\/files\/9780198782896.jpg?v=1706221530","url":"https:\/\/bookland.com.au\/products\/future-of-cross-border-insolvency-the","provider":"Book Land AU","version":"1.0","type":"link"}