CHAPTER SIX COMMUNITY LAW AND TERRITORIALITY OF INSOLVENCY INTRODUCTION
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Within the limits set out above, Community law does not preclude Member States
from claiming the universal effect of their insolvency proceedings and law. From a
perspective of cross-border insolvency this result in i t s e l f is of little significance. Rarely
will a Member State be able to attain the desired degree of universality without the
assistance ot sister Member States. In particular, where part o f t h e debtor's estate is
located within another Member State's territory, whether (a sufficient degree of)
universality is achieved depends on the extent to which the latter Member State accords
effect to the foreign insolvency proceedings and law. The question therefore becomes
whether, and if so in what manner, Member States are to provide that assistance to
a sister Member State.