English Fixed and Floating Charges in German Insolvency Proceedings - Unsolved Problems under the new European Regulation on Insolvency Proceedings -

The huge increase in international trade in modern times and the development of a global market place have inevitably led to an increase in the number, size and complexity of cross-border insolvencies. Novel problems have arisen since the creation of multinational trading corporations which, in many cases, have little or no economic connection with any particular place of incorporation. The more the boundaries in international trade disappear and ‘globalisation’ becomes reality, the greater is the need to modernize the insolvency laws of the countries to keep abreast of the times and provide efficient solutions from an economic standpoint.