Cross-border bankruptcy: features of modern regulation in Russia

The article examines the current models of legal regulation of cross-border bankruptcy, theoretical and practical aspects of transnational bankruptcy cases. The author considers the main normative acts on the basis of which modern legal proceedings in the field of cross-border bankruptcy (insolvency) are based, the existing legal norms in Russian legislation. The main principles of work on cross-border bankruptcy are considered in the article: universal and territorial. Each of them has its advantages and disadvantages, which will be reflected in detail by the author in this article. The expanding international economic ties and the widespread use of the Internet necessitate the development and implementation of universal methods for regulating cross-border bankruptcy relations. The lack of uniform norms and standard procedures creates various problems in this area.