The journal article „Kommunale Insolvenzverfahren im internationalen Vergleich – ein Lösungsbeitrag für lokale Haushaltskrisen“

In a first step, the paper discusses advantages and disadvantages of local insolvency procedures from a theoretical perspective. Then, it provides an overview of different designs of local insolvency regimes within selected OECD countries. On this basis, it finally derives principles a well-designed local insolvency framework should comply with in order to be effective.