International Insolvency Law: European Insolvency Regulation & US Bankruptcy Code (E)
level of course unit
second cycle, Master
Learning outcomes of course unit
Upon successful completion of the course, students can recall the basics of the European Insolvency Regulation and the U.S. Bankruptcy Code as well access further information if required.
prerequisites and co-requisites
European Insolvency Regulation:
• How can property distributed in several states be reasonably recorded and used?
• How can an equal distribution of the asset(s) among the international creditors be guaranteed?
• Is it necessary to initiate more than one proceeding; and if so in which state?
• Do the legal effects of the proceeding also affect other states?
• What law should apply?
U.S. Bankruptcy Code:
Chapter 11 as a section of the bankruptcy law of the United States allows in insolvency proceedings that legal actions of creditors against the debtors are prevented until the completion of the reorganization.
In the past, many large U.S. companies have successfully completed a restructuring process with this method and were able to maintain their daily operations.
recommended or required reading
Exler, Markus; Hrsg. (2013) Restrukturierungs- und Turnaround-Management, Berlin,
Übereinkommens über Insolvenzverfahren im deutschen Recht, Tübingen
Gottwald, P. (1997). Grenzüberschreitende Insolvenzen, München
Duursma-Kepplinger, H.-C., Duursma, D. & Chalupsky, E. (2002) Europäische Insolvenzordnung, Wien
Virgos, M. & Schmitt, E. (1997) Erläuternder Bericht zu dem EU-Übereinkommen über Insolvenzverfahren. In: Stoll: Vorschläge und Gutachten zur Umsetzung des EU
Verordnung (EG) Nr. 1346/2000 des Rates vom 29. Mai 200 über Insolvenzverfahren
assessment methods and criteria
written examination or homework
language of instruction
number of ECTS credits allocated
planned learning activities and teaching methods
Lecture, group work, presentation and task discussion
semester/trimester when the course unit is delivered
name of lecturer(s)
Dr. Lothar Czaja
year of study
2.year of studies
recommended optional program components
course unit code
type of course unit
compulsory (integrated lecture)
mode of delivery