ABI Commission on Cross-Border Insolvency

The ABI Commission on Cross-Border Insolvency is a group formed by the American Bankruptcy Institute to address challenges that arise when a company facing financial difficulties operates in multiple countries. It aims to develop recommendations for improving the process of handling insolvency cases that involve international elements. By promoting cooperation among different countries' legal systems, the commission seeks to ensure fair treatment for creditors and debtors alike, making it easier to manage a business’s financial distress across borders, ultimately benefiting the global economy.