Lyubovy SayganovaPublished in:
Russian Journal of Entrepreneurship
– № 6-2 / June, 2011



Keywords: conflict rules, global economic space, international jurisdiction, single legalprocedure, territorial proceedings, transboundary insolvency, transnational corporations


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Abstract:

The annual growth of multinational corporations increases the number of court cases for the recognition of part of such entities as insolvent debtors. The article discusses the situation with the Yukos Company, the decision on whose case was taken according to both the U.S. and Russian law. The author proposes measures to ensure the convergence of the national and European legislation that would strengthen economic and trade relations between Russian and foreign business entities.

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