Abstract: Recent legislative reforms of many countries, especially European ones, develop a positive attitude for an extrajudicial system of insolvency. New statutory instruments of international bankruptcy entered into a context of many particularities due largely to historical and political factors. For this reason, legislative techniques were developed to allow maintaining a universal vocation of the instruments developed. Although the number of material rules they contain is still limited, new tools are part of a complex regulatory phenomenon in a system in which road levers classic rational way are likely to contribute to a homogenization of the international law of bankruptcy.

Key-words :  reforms, extrajudicial system of insolvency, international bankruptcy, substantive rules