This book provides an in-depth analysis of applicable rules and policies under the current legal framework and case law of national courts and arbitral tribunals, emphasizing developments in five countries where high levels of international arbitration occur: England, the United States, France, Germany and Switzerland. Among the complex issues that arise when an insolvency disrupts an arbitration, the author examines the following: recognition of insolvencies by arbitral tribunals; determination of the law applicable to the effects of an insolvency on arbitration; effects of an insolvency on validity and scope of an arbitration agreement; effects of an insolvency on capacity of the parties to an international arbitration; suspension of arbitral proceedings due to an insolvency; and effects of an insolvency on the recognition and enforcement of arbitral awards.