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Insolvency within Multinational Enterprise Groups$
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Irit Mevorach

Print publication date: 2009

Print ISBN-13: 9780199544721

Published to Oxford Scholarship Online: September 2009

DOI: 10.1093/acprof:oso/9780199544721.001.0001

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Summary and Conclusion

Summary and Conclusion

(p.326) Summary and Conclusion
Insolvency within Multinational Enterprise Groups

Irit Mevorach

Oxford University Press

This concluding chapter summarizes the key proposals of this study. Crucially, the work suggested that when assessing insolvency within MEGs a special consideration should be given to its group aspect (balancing entity-enterprise conflicts) as well as to the multinational aspect (balancing universality-territoriality conflicts). In the course of the application of this framework to the questions at hand, it was revealed that certain insolvency measures can be beneficial (and sometimes critical) for the treatment of MEG insolvencies. The chapter also considers possible oppositions to the approach proposed. Finally, it suggests that current work undertaken by UNCITRAL Working Group V on the topic of enterprise group could be a step in the right direction in the development of practical solution for MEG insolvencies.

Keywords:   key proposals, possible oppositions, entity-enterprise conflicts, Working Group V

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