In Montenegro, a new Law on Insolvency was adopted in December 2010 and entered into force in the beginning of 2011.

Bankruptcy and reorganization are the two primary procedures available for solving a collective action problem in dealing with financially troubled debtors, and both are regulated by the Montenegrin Insolvency Act.

Even at first blush, it is apparent that arbitration and insolvency make strange bedfellows.

This article appeared in the 2012 edition of The International Comparative Legal Guide to: Corporate Recovery & Insolvency; published by Global Legal Group Ltd , London.