The EC Reg relied on the May 3, 1996 Report on the Convention on Insolvency Proceedings by Miguel Virgos and Etienne Schmit 6 and the Guide quotes from the Virgos-Schmit Report discussion of COMI: 84.
As chapter 15 of the Bankruptcy Code quickly approaches its 20th anniversary in a global economy, the volume of cross-border bankruptcy cases has rapidly escalated. With multinational companies having ...
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