PT - JOURNAL ARTICLE AU - Steven J. Weisz AU - Linc A. Rogers TI - Are the Barriers Going Up or Down? DP - 2004 Mar 20 TA - Trading PG - 111--117 VI - 2004 IP - 1 4099 - http://guides.pm-research.com/content/2004/1/111.short 4100 - http://guides.pm-research.com/content/2004/1/111.full AB - As the world becomes more interconnected and free movement across geographical boundaries of capital, information, resources, and people becomes more common, the traditional notion of sovereignty is undergoing significant challenges. The ripple effects of globalization have resulted in significant benefits for the billions of individuals who participate in some aspect of global commerce. However, not all international enterprises are successful, and because of the need for efficient and economical administration of cross-border insolvencies, efforts to harmonize the world's insolvency regimes have increased significantly in recent years. This article explores the balance of comity—the recognition that one nation allows within its territory to the legislative, executive, or judicial act of another nation—with that of sovereignty to protect domestic stakeholders in international insolvencies.