Transnational insolvency corporation: legal regulation

The article is devoted to the analysis of the legal regulation of cross-border bankruptcy, the problems of corporate bankruptcy. The relevance of the stated topic is predetermined by the development of the world market, financial institutions, digitalization of financial processes in which corporations own property. Approaches to restoring the solvency of corporations outside of bankruptcy procedures are considered. As a result, the paper identified such problems of cross-border bankruptcy as the emergence of parallel bankruptcy proceedings, the application of substantive and procedural law, the application of the principles of universality and territoriality. The provisions contained in the judicial practice on the recognition in the territory of the Russian Federation of foreign decisions on declaring a debtor bankrupt are analyzed.