La cooperación judicial en la insolvencia transfronteriza

The international economic system in the world today has led to the reorganization of economic operators, who constitute multinational groups as a strategy to overcome the economic and financial crises of the new century. However, these new forms of organization have not been able to escape the insolvency proceedings, which multinational groups must face due to non-compliance with creditors, to this situation is added the legal problem of cross-border insolvency processes, between the different domestic laws and the rules of Private International Law. In this sense, this article will analyze the tools available to trade operators to deal with cross-border insolvency processes and the challenges of long-standing judicial cooperation to achieve legal security and global economic stability.