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Effect of Party Insolvency on Arbitration Proceedings Recent Decisions Give Pause for Thought in Testing Times |
August 19, 2009
The current state of the global economy has seen a marked rise in the number of corporate insolvencies. With commercial disputes also on the increase in recessionary times, many parties will be left contemplating claims against insolvent entities. In cross-border disputes, claimants will have the added hurdle of dealing with unfamiliar foreign insolvency legislation.
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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