This article appeared in the 2011 edition of The International Comparative Legal Guide to: Corporate Recovery and Insolvency 2011.

The International Comparative Legal Guide to: Corporate Recovery and Insolvency provides international practitioners and corporate counsel with a comprehensive worldwide legal analysis of the laws and regulations of corporate recovery and insolvency. The publication’s two general chapters are designed to provide readers with a comprehensive overview of key corporate recovery and insolvency issues, particularly from the perspective of a European transaction”, whereas the remaining chapters provide a broad overview of common issues in corporate recovery and insolvency in 35 jurisdictions.