The present financial crisis has accelerated the filing of multinational insolvencies from frequent to commonplace, dragging with them a host of unresolved difficulties of cooperation, fairness, and efficiency. Perhaps the greatest difficulty is the existence of widely different treatment of creditors from one country to the next, a problem often discussed under the heading of “priority” or “preference.” Today these terms must be understood as comprehending not only order of payment but other variations in treatment as well, including the fact that in some systems a particular category of creditor is subject to the control of the insolvency court or agency through imposition of a moratorium or stay, while another sort of creditor left free to enforce its rights. In a neighboring country, both kinds of creditors may be equally free of control or equally subject to it.

The Journal is proud to announce its 2011 symposium, The 2009 Manual on International Law Applicable to Air and Missile Warfare: A Critical Analysis. Specific dates, speakers, and panels will be published as the symposium nears. The symposium is scheduled for February 2011.
Thanks again to our generous donors for their support of the Volume 45 end-of-year banquet. Through their contributions, a substantial number of our editors and staff had their seats "sponsored." As we prepare articles for publication in Volume 46, including papers from the Walls symposium, please consider continuing your support of the Journal.
Congratulations to Journal member Rick Cella, along with partner Steven Cuff, on their championship in the Locke Lord Liddell & Bissel Novice Mock Trial Tournament! Additional congratulations to Rick Cella on winning Best Advocate in the tournament.
The Journal is proud to announce the selection of the Volume 46 editorial board.
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Haynes & Boone, LLP
Susan L. Karamanian
Akin Gump Strauss Hauer & Feld LLP
Jackson Walker L.L.P.
Karen E. Hughes
Allen & Overy
Bar/Bri Group
Monica Brandes
Vincent Carson
Eric R. Christensen
Michael Cintron
Brad Cox
Adrian L. DeGraffenreid
The ERISA Law Group, P.A.
Jan E. Farley
Paul Goldman
Lisa Leiman Hearn
George Jones
Melanie C. Keene
Elizabeth & Lowell Keig
Robert D. Klock
LexisNexis
Leslie A. Liu
Michael G. Macaulay
Mandi L. Matlock
Erin K. Murdock
Diane N. Princ
Wayne V.R. Smith
Rajkumar Vinnakota
Weil, Gotshal & Manges LLP
Wesley C. Watts
Scott E. Way
The University of Texas Student Activity Fund
The Journal would also like to thank the University Co-Op for its generous grant.