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Record W4411778404 · doi:10.1002/iir.70005

Against the veto solution in cross‐border avoidance law

2025· article· en· W4411778404 on OpenAlexvenueno aff
Renato Mangano

Bibliographic record

VenueInternational Insolvency Review · 2025
Typearticle
Languageen
FieldBusiness, Management and Accounting
TopicCorporate Governance and Law
Canadian institutionsnot available
Fundersnot available
KeywordsInsolvencyBankruptcyStatuteDebtorLawVetoLaw and economicsConflict of lawsEuropean unionPresumptionStatutory lawConstructive trustPolitical scienceBusinessEconomicsCreditorFinance

Abstract

fetched live from OpenAlex

Abstract UNCITRAL is striving to determine the law applicable to cross‐border insolvency avoidances. In principle, this should be the lex fori concursus. However, both Regulation (EU) 2015/848 and the laws of some European countries adopt a combination of lex fori concursus and lex causae called the ‘veto solution’. As a result, the insolvency practitioner applies the lex fori concursus, but the opponent may successfully object to the practitioner that the lex causae does not consider that act as challengeable. This article will maintain four theses. Firstly, when provisions of domestic insolvency avoidance law require proof, concerning the beneficiaries' mental state, this prerequisite concurs with the other prerequisites in detecting the debtor's fraudulent behaviour. This holds true also whenever statutes require that, at the time of the transaction, the beneficiaries should not be aware of the debtors' distress. In fact, in these cases the protection for the beneficiaries' good faith is only an unintended consequence of presumptions that aim at facilitating insolvency practitioners by shifting the burden of proof—this reverse burden transforms ‘bad faith’ proofs into ‘good faith’ proofs. Secondly, this statement covers also the many forms of actio pauliana that exist across Europe. Thirdly, Article 16 of Regulation (EU) 2015/848 is unlawful since it is non‐compliant with Article 81 of the Treaty on the Functioning of the European Union, on which Regulation 2015/848 is based. Fourthly, a lawmaker who intends to determine the law applicable to cross‐border insolvency avoidances ought to opt, both at the EU level and at the non‐EU level, for the lex fori concursus only.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.034
metaresearch head score (Gemma)0.063
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: Theoretical or conceptual
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.034
Threshold uncertainty score0.178

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0340.063
Meta-epidemiology (narrow)0.0010.001
Meta-epidemiology (broad)0.0010.002
Bibliometrics0.0020.001
Science and technology studies0.0050.021
Scholarly communication0.0130.011
Open science0.0040.009
Research integrity0.0240.022
Insufficient payload (model declined to judge)0.0080.002

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.022
GPT teacher head0.332
Teacher spread0.310 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2025
Admission routes1
Has abstractyes

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