“Cross-border insolvency as the topic of 2016 St. Petersburg International Legal Forum” — Comments of Ekaterina Mikhalskaya for the Delovoy Peterburg

"Nowadays cross-border insolvency proceedings become more like a rule than an exception to the rules, and in our work we have repeatedly faced the problems that arise in case of cross-border insolvencies. This includes determining in which jurisdiction the court must be located to be competent to initiate insolvency proceedings if cross-border business is concerned, and issues of recognition of consequences of such insolvency in other jurisdictions, as well as many other problems and difficulties."- comments Ekaterina Mikhalskaya to Delovoy Peterburg.