Chapter 33: Insolvency law*
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The domain of insolvency law is concerned with the prevention, regulation and administering of the discontinuity in legal relationships of a person (legal person or natural person) which finds itself in financial problems. The inability to fulfil payment obligations and the legal consequences that go with this form the core content of most countries’ existing national insolvency legislation. It is widely known that individual countries’ national legal systems with regard to insolvency differ quite extensively.

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Edited by Jan M. Smits
Encyclopedia