Multinational companies are going bankrupt, resulting in complex insolvency proceedings that span multiple countries.
It is 2008 and multinational companies are going bankrupt, resulting in complex insolvency proceedings that span multiple countries. Because of your experience, you have been invited to speak to a gathering of Chinese judges and public officials on the merits of either territorialism, universalism, or modified universalism approaches to cross-border bankruptcy. Which do you prefer: territorialism, universalism, or modified universalism, and why?
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