# Recognition of Foreign Insolvency

**IRI:** https://folio.openlegalstandard.org/RCH6QfDmL0LVgc1n4uJvwKk

## Labels

## Definition

Recognition of foreign insolvency involves a domestic court acknowledging and giving effect to an insolvency proceeding initiated in another country. This legal process facilitates cooperation between jurisdictions, enabling efficient administration and resolution of cross-border insolvency cases.

## Sub Class Of

- https://folio.openlegalstandard.org/RDbrzFzgheftqJ09xcT2ICs

**Deprecated:** False