Labelled transition systems are mathematical models for dynamic behaviour, or processes, and thus form a research field of common interest to logicians and theoretical computer scientists. In computer science, this notion is a fundamental one in the formal analysis of programming languages, in particular in process theory. In modal logic, transition systems are the central object of study under the name of Kripke models. This volume collects a number of research papers on modal logic and process theory. Its unifying theme is the notion of a bisimulation. Bisimulations are relations over transition systems, and provide a key tool in identifying the processes represented by these structures. The volume offers an up-to-date overview of perspectives on labeled transition systems and bisimulations.