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Scaling the Tower of Babel: Stakeholder Communications in Cross-Border Cases

George Bernard Shaw once said, “The single biggest problem in communication is the illusion that it has taken place.” While communication by and among stakeholders is important in all insolvency cases, cross-border cases add a layer of complexity that challenges even the most sophisticated legal and financial advisors. Differences in culture, language and the stakeholders’ willingness to communicate with each other to find mutually beneficial solutions are often juxtaposed with applicable law and restrictions on what can be said. This panel explores strategies and pitfalls of communications among different types of stakeholders in cross-border cases, including communications between the debtors and their creditors, the various creditor groups themselves, stakeholders and the applicable courts, and communications between the judges in various jurisdictions.

Cross-Border Insolvency Program
2019
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