Studies and compares the corporate insolvency laws from a variety of countries. The seminar begins with a brief history of insolvency law since the Roman Empire, focusing on the social, cultural and political reasons as to why different countries follow such different approaches in addressing insolvency issues. Next, the course reviews Chapter 11 of the United States Bankruptcy Code as a basis for comparison with other insolvency laws. The seminar then studies the insolvency laws of the United Kingdom, Italy, Brazil, China and other countries, and conclude with an analysis of the legal and practical problems involved in the cross-border insolvency of a multinational business. A research paper is required.