Insolvency within Multinational Enterprise Groups

Irit Mevorach holds degrees in law from Tel-Aviv University (LLB with distinction, LLM) and UCL, London (PhD). Prior to joining the University of Nottingham in 2006, Irit practiced corporate and insolvency law in a law firm in Tel-Aviv. She is a barrister and a solicitor, member of the Israeli Bar Association. Her main interests are in corporate law (especially the law of corporate groups and international aspects of corporate law) and insolvency law, in particular European, comparative and international insolvency. In 2005, she has won the 2005 gold medal prize for research in international insolvency from the International Insolvency Institute. Irit is a member of INSOL Europe and of INSOL International Academic group. She has advised the European Bank for Reconstruction and Development. She is currently taking active part in the UNCITRAL work in the area of insolvency (since 2006 she has been an advisor to the UK government in UNCITRAL Working Group V's deliberation in the area of enterprise groups in insolvency), and she is an advisor to the International Insolvency Institute (III) Committee on international jurisdiction and cooperation. On undergraduate level, she currently convenes the company law course in the University of Nottingham and also teaches insolvency law and commercial conflict of laws. On the LLM course she convenes a module on International aspects of Company and Insolvency Law.

PART I THE CONTEXT OF INSOLVENCY WITHIN MULTINATIONAL ENTERPRISE GROUPS- THE PHENOMENON AND KEY PROBLEMS ; 1. The Phenomenon of the Multinational Enterprise Group ; 2. 'To Link or not to Link?' The Problem of the Multinational Enterprise Group Business Structure ; 3. Global Frameworks or State-based Insolvencies- The Problem of Cross-border Insolvency ; PART II GUIDING OBJECTIVES AND TYPICAL SCENARIOS ; 4. Insolvency Goals in Legal Systems ; 5. Prototypical Scenarios of Insolvency within Multinational Enterprise Groups ; PART III THE QUEST FOR APPROPRIATE SOLUTIONS FOR INSOLVENCY WITHIN MULTINATIONAL ENTERPRISE GROUPS ; 6. Preservation of the Estate, Maximization of Value, and Facilitation of Rescues ; 7. Equitable Distribution and Accountability ; 8. Certainty and Predictability ; 9. Responsibility for Debts of MEG Members and Vulnerability of Intra-group Transactions ; Summary and Conclusion ; Bibliography ; Index