The 1995 European Community Convention on Insolvency represents a major step forward in the international regulation of cross-border insolvencies. It provides a framework of well-defined and enforceable rights, which should enable a high degree of intra-community co-operation.

For this purpose it confers on the Court of Justice of the European Communities (ECJ) jurisdiction to rule on the interpretation of its provisions. The author was co-author of the explanatory report to the Convention. However, the opinions expressed in this book are his own.

I: Reasons for the Convention. II: A Road Map to the European Community Insolvency Convention. A. Introduction. B. The Selected Model of Cross-Border Regulation: Universal and Territorial Insolvency Proceedings and the Main-Secondary Scheme for Their Coordination. C. Scope of Application of the Insolvency Convention. D. International Jurisdiction Rules. E. Uniform Conflict of Laws Rules. F. Publication and Registrations of the Opening of Insolvency Proceedings in Other States. G. Uniform Substantive Rules on Creditors' Individual Information and Right of Access to the Insolvency Proceedings. H. Mutual Recognition of Insolvency Proceedings and Enforcement of Decisions. I. Territorial Insolvency Proceedings. J. The Exigencies of Collective Action: Integration of Parallel Insolvency proceedings and Trustees-Directed Coordination. III: Conclusion. Annex: European Community Convention on Insolvency Proceedings, November 23, 1995 Brussels.