Transnational insolvency corporation: legal regulation

This article examines the legislative regulation of cross-border bankruptcy and the problems of bankruptcy of companies. The relevance of this topic is due to the constant development of global financial markets, the digitalization of financial processes and the availability of corporate property. The article discusses the possibilities of restoring the solvency of corporations without recourse to bankruptcy procedures. As a result of the study, problems of international bankruptcy have been identified, such as parallel bankruptcy proceedings, the application of various legal norms and principles of universality and territoriality. The experience of judicial practice on the recognition of foreign court decisions on bankruptcy of a debtor in the territory of the Russian Federation was also analyzed.