Breaking Away: Local Priorities and Global Assets

23 Pages Posted: 20 Oct 2015

See all articles by Jay Lawrence Westbrook

Jay Lawrence Westbrook

University of Texas at Austin School of Law

Date Written: 2011

Abstract

Like an adolescent struggling with clothes that no longer fit, the growing field of international insolvency has not so far put aside the old notion that local priorities must always be applied in distributing local assets. Yet the great variation in the distribution rules from one nation to another means that application of local priorities creates a serious obstacle to multinational cooperation, puts both maximization and fairness at risk, and exacerbates the likelihood of forum stashing

Suggested Citation

Westbrook, Jay L., Breaking Away: Local Priorities and Global Assets (2011). Texas International Law Journal, Vol. 46, p. 601, 2011, U of Texas Law, Public Law Research Paper No. 542, Available at SSRN: https://ssrn.com/abstract=2351930

Jay L. Westbrook (Contact Author)

University of Texas at Austin School of Law ( email )

727 East Dean Keeton Street
Austin, TX 78705
United States
(512) 232-1303 (Phone)

HOME PAGE: http://www.law.utexas.edu/webra/faculty/jwestbrook

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