Insolvency protocols: a cooperative tool for managing cross-border group insolvency

The essay is dedicated to international judicial cooperation and to insolvency protocols as tools for the efficient management of the insolvent multinational group. In particular, after offering an overview of the evolution of the discipline of the insolvent multinational group, both hard and soft law, the attention will shift to the importance of international judicial cooperation within this discipline; in the following paragraphs we will deal with the insolvency protocol, an instrument of cooperation increasingly used in practice, of which we will try to outline its nature, function and structure, also placing it in parallel with the coordination procedure provided by Regulation No. 848/2015. The essay concludes with some summary observations of the results achieved.