To deal with the increasingly international business scene, most countries have moved away from a "grab" theory of bankruptcy jurisdiction that gave control of assets to whichever bankruptcy court got control first to a(n) ____ approach.

Question

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The statement implies that the previous "grab" theory is no longer in use due to an "increasingly international business scene," indicating a need for a more universal approach to bankruptcy jurisdiction. "Partial universalism" and "modified universalism" are both commonly used terms in the field of international insolvency law, describing approaches that acknowledge the importance of giving recognition and assistance to foreign bankruptcy proceedings while also taking into account local legal traditions and policies. "Real universalism" and "universal grab" are not commonly used terms in this context, and "modified specific" is not a recognized approach to bankruptcy jurisdiction.

To Deal with the Increasingly International Business Scene, Most Countries