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(R)evolution of the insolvency law in a globalized economy

Author

Listed:
  • Ionel Didea

    (Faculty of Economics and Law, University of Pitesti; Faculty of Law – Doctoral School, „Titu Maiorescu” University, Bucharest, Romania)

  • Diana Maria Ilie

    (Law Doctoral School, „Titu Maiorescu” University, Bucharest, Romania)

Abstract

This study aims at highlighting the image of insolvency law as it was outlined, ascendingly developed and reached the remodelling stage in an international economic context, in a globalization era where the approach of interdisciplinarity and transdisciplinarity is no longer only mere philosophical theory, but is manifested instead through the interference and inter-connexion between fields of law and dimensions of political, economic and social factors, the need to identify a coagulating factor through the so-called harmonization of the norms of law, of the jurisdiction and of the international, EU and regional practices, as well as a reporting of the best practices in the field becoming key factors in the qualitative management of insolvency risks, an institution which is individualized, at the same time, in a new field of law, an autonomous law that has gone beyond the borders of commercial law and has also expanded over individuals and territorial and administrative units, law present in interference with the monist system implemented by the new Civil Code but also driven, in its evolution, by principles promoted at European Union level, and also at international level.

Suggested Citation

  • Ionel Didea & Diana Maria Ilie, 2019. "(R)evolution of the insolvency law in a globalized economy," Juridical Tribune - Review of Comparative and International Law, Bucharest Academy of Economic Studies, vol. 9(1), pages 91-112, March.
    • Handle: RePEc:asr:journl:v:9:y:2019:i:1:p:91-112
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    References listed on IDEAS

    as
    1. Müge Adalet McGowan & Dan Andrews, 2018. "Design of insolvency regimes across countries," OECD Economics Department Working Papers 1504, OECD Publishing.
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    More about this item

    Keywords

    insolvency; globalization; reorganization; interdisciplinarity; comparative law; international economic order; international trade.;
    All these keywords.

    JEL classification:

    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law
    • K33 - Law and Economics - - Other Substantive Areas of Law - - - International Law
    • K35 - Law and Economics - - Other Substantive Areas of Law - - - Personal Bankruptcy Law

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