Maritime Cross-Border Insolvency

This book provides an analysis and comparison of international insolvency rules, maritime laws and their inevitable intersection in maritime cross-border insolvencies. Until today, the on-going shipping crisis resulted in the insolvency of numerous shipping companies all over the world. The tensions arising between the legal systems of maritime and insolvency law, paired with conflicts of law in maritime insolvencies, are a major source of legal uncertainty and risk. In 2010, the Comité Maritime International installed an international working group on international maritime insolvencies and until today it is work in progress. This book gives an overview on maritime insolvencies, with a focus on Germany, England & Wales and the USA, and assesses the chances of achieving meaningful harmonization in the complex scenarios, where ships as mobile assets add a further complication to international insolvency proceedings.

Provides an overview of the legal phenomenon of maritime cross-border insolvency Gives some insight into how the industry and the financing banks deal with the challenges of maritime and insolvency law Combines academic research with the insight and mind set of a practitioner

Inhalt
Introduction.- Cross-border Insolvencies.- The Maritime Industry and the Peculiarity of Maritime Liens.- Maritime Cross-Border Insolvency and Harmonisation.- Conclusion.