Sanya Arora

Although current cross-border insolvency frameworks implicitly address the considerations, there is room for further development to provide clearer and more comprehensive solutions. However, such developments also pose the risk of introducing a one-size-fits-all solution or unduly prioritizing solutions based solely on cooperation or minimal coordination between multiple proceedings. It is hoped that pragmatic optimal approaches will continue to prevail, even if the frameworks end up appearing restrictive to group solutions by emphasizing cooperation and coordination.