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Ten years on after the financial crisis, we are still experiencing globally financial instability which, even if not the same as before, affects the protection of the creditors as it has generated a sharp shift in public discourse and a wide regulatory interest. In the US federal bankruptcy system as well as in the laws of various jurisdictions in Europe, the debate continues on how to better address the needs of the present, on how to optimally design bankruptcy laws and on how to better shape the policies of the future. Resulting from the above are the various economic challenges facing both the US and the EU, especially in connection with creditors' protection. As governments worldwide tackle the issue of optimal restructure of corporate and insolvency law, we critically discuss the position in relation to the creditors' protection under the legal regimes of the US, Germany, Greece and Croatia. [ABSTRACT FROM AUTHOR]

The article discusses the latest developments concerning the April 2010 decision of the Albanian Supreme Court to reject the 2009 Maritime Delimitation Agreement between the Republic of Albania and the Republic of Greece as of November 2010. The case was filed by the opposition Socialist Party of Albania, claiming that the agreement violates the Albanian constitution due to various reasons including the flawed merits of the treaty. The agreement covers the continental shelf and maritime borders of Albania and Greece in the Ionian Sea.