Cross-border insolvency: concept and legal regulation forms

The present article aims to define and clarify the term „cross-border insolvency”, as well as to identify situations falling within the scope of cross-border insolvency. Considering that economic actors operate in multiple states, the element of extraterritoriality specific to private international law comes into play. The article highlights the place of cross-border insolvency within the framework of private international law. It is worth noting that there is no universally accepted definition of the term „cross-border insolvency”. In this regard, exploring the content and essence of the examined legal relationships holds considerable scientific and practical interest. Additionally, various legislative and institutional approaches adopted globally for managing cross-border insolvency are analyzed, along with comparisons between national legal systems and international regulations concerning insolvency.