The Principle of Reciprocity in Case on Bankruptcy of Foreign Entities

The article examines the application of the principle of reciprocity in cases related to the recognition of foreign bankruptcies. The absence of reciprocity and international treaties with foreign states often leads to the rejection of recognition. The analysis focuses on the principle of reciprocity in Russian doctrine regarding the recognition of foreign judicial acts and bankruptcies, as well as the judicial practice of Russian arbitration courts in similar cases. The author concluded that certain prerequisites must be met before any changes can be made to the current legal regulations concerning the recognition of foreign bankruptcies.