Dis­tin­guish­ing re­cog­ni­tion of pro­ceed­ings and in­di­vidu­al de­cisions in cross-border in­solv­ency

De­vel­op­ment sum­mary

Gohar Grigory­an's art­icle ex­am­ines the re­cog­ni­tion and en­force­ment of for­eign ju­di­cial acts in in­solv­ency pro­ceed­ings, fo­cus­ing on the de­term­in­a­tion of the object of re­cog­ni­tion. It treats re­cog­ni­tion of cross-border in­solv­ency pro­ceed­ings and re­cog­ni­tion of in­di­vidu­al ju­di­cial acts within those pro­ceed­ings as in­ter­con­nec­ted but leg­ally dis­tinct pro­cesses, dis­tin­guish­ing the sub­stant­ive and pro­ced­ur­al ef­fects of ju­di­cial acts.

It for­mu­lates the­or­et­ic­al cri­ter­ia for de­term­in­ing the object of re­cog­ni­tion and pro­poses im­prove­ments to the legal reg­u­la­tion of re­cog­ni­tion and en­force­ment.