Table of Contents. 1. Introduction...1

Size: px
Start display at page:

Download "Table of Contents. 1. Introduction...1"

Transcription

1 Table of Contents 1. Introduction The EU Private International Law Insolvency System History of the Regulation From Convention to Regulation Goal and Method of the Regulation Scope of the Regulation Exclusions Quick Summary of the Regulation Chapter I: General Provisions (Articles 1-15) Chapter II: Recognition of Insolvency Proceedings (Articles 16-26) Chapter III: Secondary Insolvency Proceedings (Articles 27-38) Chapter IV: Provision of Information for Creditors and Lodgment of Their Claims (Articles 39-42) Chapter V: Transitional and Final Provisions (Articles 43-47)...14 American Bankruptcy Institute xi

2 2. General Provisions Scope and Definitions International Jurisdiction Main Insolvency Proceedings Local Insolvency Proceedings Independent Territorial Insolvency Proceedings Secondary Territorial Proceedings European Court of Justice 17 January 2006 (Suzanne Staubitz-Schreiber) European Court of Justice 2 May 2006 (Eurofood) Applicable Law Third Parties Rights In Rem Set-off Reservation of Title Contracts Relating to Immovable Property Payment Systems and Financial Markets Contracts of Employment Effects on Rights Subject to Registration Community Patents and Trademarks Detrimental Acts...42 xii European Union Regulation on Insolvency Proceedings: An Introductory Analysis, Third Edition

3 2.13 Protecting Third-Party Purchasers Effects of the Insolvency Procedure on Pending Lawsuits Recognition of Insolvency Proceedings Principle Effects of Recognition Recognition of the Main Proceedings Recognition of Secondary Proceedings Powers of the Liquidator Proof of the Liquidator s Appointment Return and Imputation Publication, Registration and Costs Honouring of an Obligation to a Debtor Recognition and Enforceability of Other Judgments European Court of Justice 12 February 2009 (Seagon v. Deko Marty Belgium NV) Public Policy Secondary Insolvency Proceedings Opening of Proceedings Applicable Law...65 American Bankruptcy Institute xiii

4 4.3 Right to Request the Opening of Secondary Proceedings Duty to Cooperate and Communicate Information European Communication and Cooperation Guidelines for Cross-border Insolvency Exercise of Creditors Rights Stay of the Process of Liquidation Measures Ending Secondary Insolvency Proceedings Assets Remaining in the Secondary Proceedings Subsequent Opening of the Main Proceedings Conversion of Earlier Proceedings Preservation Measures Provision of Information for Creditors and Lodgement of Their Claims Right to Lodge Claims Duty to Inform Creditors Content of the Lodgement of a Claim Languages...82 xiv European Union Regulation on Insolvency Proceedings: An Introductory Analysis, Third Edition

5 6. Relationships with Non-EU Member States The EU Insolvency Regulation: Some Tentative Conclusions EU Insolvency Regulation and Non-member States...91 Appendices Council Regulation (EC) No 1346/2000 of 29 May 2000 on insolvency proceedings...97 Council Regulation (EC) No 788/2008 of 24 July 2008 amending the lists of insolvency proceedings, winding-up proceedings and liquidators in Annexes A, B and C to Regulation (EC) No 1346/2000 on insolvency proceedings European Communication and Cooperation Guidelines for Cross-border Insolvency Select Bibliography American Bankruptcy Institute xv

TABLE OF CONTENTS TABLE OF CASES TABLE OF STATUTES TABLE OF STATUTORYINSTRUMENTS 1. JURISDICTION TO COMMENCE INSOLVENCY PROCEEDINGS

TABLE OF CONTENTS TABLE OF CASES TABLE OF STATUTES TABLE OF STATUTORYINSTRUMENTS 1. JURISDICTION TO COMMENCE INSOLVENCY PROCEEDINGS TABLE OF CONTENTS PREFACE TABLE OF CASES TABLE OF STATUTES TABLE OF STATUTORYINSTRUMENTS PAGE vii xix xxxix xliii 1. JURISDICTION TO COMMENCE INSOLVENCY PROCEEDINGS PARA I. INTRODUCTION 1-001 II. INSOLVENCY

More information

2004 No. INSOLVENCY. The Credit Institutions (Reorganisation and Winding up) Regulations 2004

2004 No. INSOLVENCY. The Credit Institutions (Reorganisation and Winding up) Regulations 2004 STATUTORY INSTRUMENTS 2004 No. INSOLVENCY COMPANIES The Credit Institutions (Reorganisation and Winding up) Regulations 2004 Made - - - - 2004 Laid before Parliament 2004 Coming into force - - 5th May

More information

The EU Insolvency Regulation general outline and main features. Prof. Michael Veder (Radboud University / RESOR)

The EU Insolvency Regulation general outline and main features. Prof. Michael Veder (Radboud University / RESOR) The EU Insolvency Regulation general outline and main features Prof. Michael Veder (Radboud University / RESOR) Road map Introduction Scope Modified universalism COMI COMigration The reach of the courts

More information

The EU IR: Rules on Jurisdiction. Francisco Garcimartín

The EU IR: Rules on Jurisdiction. Francisco Garcimartín The EU IR: Rules on Jurisdiction Francisco Garcimartín Normative Model of the Regulation: Mitigated universalism Formula: One debtor One Insolvency Proceeding Universal scope, but Territorial proceedings

More information

Hypothetical case: NetVision

Hypothetical case: NetVision Hypothetical case: NetVision NetVision BV, a Dutch company, produces and trades computer and telecom components all over Europe. NetVision BV is operationally based in the Netherlands, with offices in

More information

Loose & Griffiths on Liquidators

Loose & Griffiths on Liquidators Loose & Griffiths on Liquidators The Role of a Liquidator in a Winding Up Eighth Edition Peter Loose MA, Solicitor Michael Griffiths LLM Published by Jordan Publishing Limited 21 St Thomas Street Bristol

More information

COMI The Buzzword for every international restructuring professional

COMI The Buzzword for every international restructuring professional COMI The Buzzword for every international restructuring professional Topics for today Draft new NL Insolvency Law International recognition of insolvency proceedings Draft new NL Insolvency Law, I Draft

More information

European Council Regulation of 29 May 2000 on Insolvency Proceedings - the First Year From a Swedish Perspective

European Council Regulation of 29 May 2000 on Insolvency Proceedings - the First Year From a Swedish Perspective INTERNATIONAL INSOLVENCY INSTITUTE THIRD ANNUAL INSOLVENCY CONFERENCE FORDHAM UNIVERSITY, SCHOOL OF LAW NEW YORK CITY JUNE 9-10, 2003 European Council Regulation of 29 May 2000 on Insolvency Proceedings

More information

The Governing Law of Assignments (including Charges) under the Rome l Regulation and the Insolvency Regulation

The Governing Law of Assignments (including Charges) under the Rome l Regulation and the Insolvency Regulation The Governing Law of Assignments (including Charges) under the Rome l Regulation and the Insolvency Regulation Dorothy Livingston, Consultant, Herbert Smith LLP Chairman, Financial Law Committee, CLLS

More information

Table of Contents. Preface. Abbreviations and Terms

Table of Contents. Preface. Abbreviations and Terms Preface Abbreviations and Terms v ix Chapter 1 Concepts and Basic Principles of EU Tax Law 1 1.1. Concepts 1 1.2. Relation to other legislation 3 1.2.1. Sovereignty and subsidiarity 3 1.2.2. Separateness

More information

Consultation on the future of European Insolvency Law

Consultation on the future of European Insolvency Law Consultation on the future of European Insolvency Law The Commission has put the revision of the Insolvency Regulation in its Work Programme for 2012. The revision is one of the measures in the field of

More information

The Second Forum for Asian Insolvency Reform (FAIR)

The Second Forum for Asian Insolvency Reform (FAIR) The Second Forum for Asian Insolvency Reform (FAIR) Bangkok, Thailand 16 17 December 2002 In partnership with The Government of Japan and The World Bank Hosted by the The Ministry of Justice of the Kingdom

More information

The Law of Payment Services in the EU

The Law of Payment Services in the EU EUROPEAN MONOGRAPHS The Law of Payment Services in the EU The EC Directive on Payment Services in the Internal Market Despina Mavromati KLUWER LAW INTERNATIONAL Preface List of Abbreviations xv xvii Part

More information

INSOL International Global Insolvency Practice Course UNCITRAL Model Law: An Introduction

INSOL International Global Insolvency Practice Course UNCITRAL Model Law: An Introduction INSOL International Global Insolvency Practice Course UNCITRAL Model Law: An Introduction Prof. G. Ray Warner St. John s University & Greenberg Traurig LLP Lots of Variety Around the Globe What types of

More information

Forum shopping and filing insolvency proceedings in a global legal world. Insolvency Commission WORKSHOP B LONDON 2015

Forum shopping and filing insolvency proceedings in a global legal world. Insolvency Commission WORKSHOP B LONDON 2015 Forum shopping and filing insolvency proceedings in a global legal world Insolvency Commission WORKSHOP B LONDON 2015 National Report of the Czech Republic Kamil Blažek, Leo Javorek Kinstellar, s.r.o.,

More information

The Impact of Brexit on Insolvency and Restructuring

The Impact of Brexit on Insolvency and Restructuring 1 The Impact of Brexit on Insolvency and Restructuring Summary In general terms, the existing EU legislation governing insolvency and restructuring works well, and the amendments reflected in the upcoming

More information

LIST OF ABBREVIATIONS...III LIST OF LEGAL REFERENCES... IV PART I. IMPLEMENTATION OF THE DIRECTIVE... V 1. INTRODUCTION... V

LIST OF ABBREVIATIONS...III LIST OF LEGAL REFERENCES... IV PART I. IMPLEMENTATION OF THE DIRECTIVE... V 1. INTRODUCTION... V UNITED KINGDOM 535 Page ii OUTLINE LIST OF ABBREVIATIONS...III LIST OF LEGAL REFERENCES... IV PART I. IMPLEMENTATION OF THE DIRECTIVE... V 1. INTRODUCTION... V 1.1. GENERAL INFORMATION ON THE IMPLEMENTATION

More information

Basic Debtor Creditor Terminology

Basic Debtor Creditor Terminology Basic Debtor Creditor Terminology Debtor: person who owes the money Creditor: person to whom the money is owed To qualify as a debt, it must be: Certain (i.e., not contingent on some future event) Liquidated

More information

Law, Justice and Development Week, World Bank Group, October Paper for panel discussion:

Law, Justice and Development Week, World Bank Group, October Paper for panel discussion: Law, Justice and Development Week, World Bank Group, 20-24 October 2014 Paper for panel discussion: Developments in Cross-Border Insolvency: Europe and Beyond Romania s Experience Ioan CHIPER, Esq., Attorney

More information

AGREEMENT BETWEEN THE REPUBLIC OF CHILE AND THE REPUBLIC OF TURKEY CONCERNING THE RECIPROCAL PROMOTION AND PROTECTION OF INVESTMENTS

AGREEMENT BETWEEN THE REPUBLIC OF CHILE AND THE REPUBLIC OF TURKEY CONCERNING THE RECIPROCAL PROMOTION AND PROTECTION OF INVESTMENTS AGREEMENT BETWEEN THE REPUBLIC OF CHILE AND THE REPUBLIC OF TURKEY CONCERNING THE RECIPROCAL PROMOTION AND PROTECTION OF INVESTMENTS The Republic of Chile and the Republic of Turkey, hereinafter called

More information

Registry Publication 60

Registry Publication 60 Registry Publication 60 Guidance on the Application of the Cape Town Convention to the Isle of Man 1. Introduction The Aviation (Cape Town Convention) (No.2) Order 2016 ( the Order ) implements the Cape

More information

BANKRUPTCY LAW 2013 FOR COLLECTION PROFESSIONALS. Know Your Rights as a Creditor

BANKRUPTCY LAW 2013 FOR COLLECTION PROFESSIONALS. Know Your Rights as a Creditor BANKRUPTCY LAW 2013 FOR COLLECTION PROFESSIONALS Know Your Rights as a Creditor 800-556-3009 www.careertrack.com DISCLAIMER: The principles and suggestions in this handout and the BANKRUPTCY LAW 2013 FOR

More information

CONDUIT PAYMENT GUIDELINES FOR THE OFFICE OF KATHLEEN A. LEAVITT CHAPTER 13 STANDING TRUSTEE

CONDUIT PAYMENT GUIDELINES FOR THE OFFICE OF KATHLEEN A. LEAVITT CHAPTER 13 STANDING TRUSTEE CONDUIT PAYMENT GUIDELINES FOR THE OFFICE OF KATHLEEN A. LEAVITT CHAPTER 13 STANDING TRUSTEE I. Introduction Pursuant to Administrative Order 2013-04, each chapter 13 standing trustee may issue guidelines

More information

ANNEX VIII RIGHT OF ESTABLISHMENT

ANNEX VIII RIGHT OF ESTABLISHMENT 1.6.2018 - EEA AGREEMENT - ANNEX VIII p. 1 ANNEX VIII RIGHT OF ESTABLISHMENT List provided for in Article 31 INTRODUCTION When the acts referred to in this Annex contain notions or refer to procedures

More information

INTERNATIONAL MANAGEMENT OF HAZARDOUS WASTES. The Basel Convention and Related Legal Rules KATHARINA KUMMER

INTERNATIONAL MANAGEMENT OF HAZARDOUS WASTES. The Basel Convention and Related Legal Rules KATHARINA KUMMER INTERNATIONAL MANAGEMENT OF HAZARDOUS WASTES The Basel Convention and Related Legal Rules KATHARINA KUMMER CLARENDON PRESS OXFORD 1995 Contents Abbreviations Foreword Table of Cases Table of Legal Instruments

More information

Global Restructuring & Insolvency Guide

Global Restructuring & Insolvency Guide Global Restructuring & Insolvency Guide Thailand Overview and Introduction Following the Asian economic crisis, Thailand made significant revisions to the Bankruptcy Act (1940) and assigned a Bankruptcy

More information

Insurance in Private International Law

Insurance in Private International Law Insurance in Private International Law A European Perspective FRANCESCO SEATZU HART- PUBIISHING OXFORD - PORTLAND OREGON 2003 Table ofcases Table of Abbreviations xxvii xxix Part I. The Substantive Law

More information

FACILITATING COORDINATION OF PROCEEDINGS IN CROSS-BORDER INSOLVENCY CASES IN EUROPE

FACILITATING COORDINATION OF PROCEEDINGS IN CROSS-BORDER INSOLVENCY CASES IN EUROPE FACILITATING COORDINATION OF PROCEEDINGS IN CROSS-BORDER INSOLVENCY CASES IN EUROPE Prof. Dr. Bob Wessels, Professor of International insolvency law, University of Leiden, the Netherlands 1. Basic Model

More information

OUTLINE LIST OF ABBREVIATIONS... III LIST OF LEGAL REFERENCES...IV PART I. IMPLEMENTATION OF THE DIRECTIVE...V 1. INTRODUCTION...V 2. SCOPE...

OUTLINE LIST OF ABBREVIATIONS... III LIST OF LEGAL REFERENCES...IV PART I. IMPLEMENTATION OF THE DIRECTIVE...V 1. INTRODUCTION...V 2. SCOPE... CYPRUS 95 Page ii OUTLINE LIST OF ABBREVIATIONS... III LIST OF LEGAL REFERENCES...IV PART I. IMPLEMENTATION OF THE DIRECTIVE...V 1. INTRODUCTION...V 1.1. GENERAL INFORMATION ON THE IMPLEMENTATION OF THE

More information

Consultation on the future of European Insolvency Law

Consultation on the future of European Insolvency Law FINAL Consultation on the future of European Insolvency Law The Commission has put the revision of the Insolvency Regulation in its Work Programme for 2012. The revision is one of the measures in the field

More information

Goode on Commercial Law

Goode on Commercial Law Goode on Commercial Law Fourth Edition Edited and fully revised by Ewan McKendrick LexisNexis Contents Foreword Preface Preface to the Third Edition Preface to the Second Edition Foreword to the First

More information

Business Contracts in International Markets

Business Contracts in International Markets Bruno Linden Gertrud Roos Business Contracts in International Markets (f^studentlitteratur Contents Preface 11 PART ONE Business Decisions in the International Market Place 13 1 Components of International

More information

EBRD Insolvency Office Holders Principles. Neil Cooper June 2008

EBRD Insolvency Office Holders Principles. Neil Cooper June 2008 EBRD Insolvency Office Holders Principles Neil Cooper June 2008 Principle 1 - Qualifications Principle 2 - Appointment Principle 3 - Review of Appointment Principle 4 - Removal, Resignation and Death Principle

More information

FINAL ACT. 2. the texts listed below which are annexed to the Agreement amending the Convention establishing the European Free Trade Association:

FINAL ACT. 2. the texts listed below which are annexed to the Agreement amending the Convention establishing the European Free Trade Association: FINAL ACT The plenipotentiaries of: THE REPUBLIC OF ICELAND, THE PRINCIPALITY OF LIECHTENSTEIN, THE KINGDOM OF NORWAY, THE SWISS CONFEDERATION, hereinafter referred to as "the EFTA States", meeting at

More information

MEMORANDUM. 24 May 2005 REFORM OF THE FINNISH INSOLVENCY LEGISLATION. 1 Background to the reform

MEMORANDUM. 24 May 2005 REFORM OF THE FINNISH INSOLVENCY LEGISLATION. 1 Background to the reform REFORM OF THE FINNISH INSOLVENCY LEGISLATION 1 Background to the reform The Finnish bankruptcy regulation has been revised recently. An overall revision of the Bankruptcy Act had been underway for decades.

More information

Introduction and Effects of New Chinese

Introduction and Effects of New Chinese Lorenzo Riccardi China Accounting Standards Introduction and Effects of New Chinese Accounting Standards for Business Enterprises Springer Contents 1 Introduction to New Accounting Standards for Business

More information

Modern Insolvency Rules: lending a helping hand to businesses in distress

Modern Insolvency Rules: lending a helping hand to businesses in distress EUROPEAN COMMISSION Viviane REDING Vice-President of the European Commission, EU Justice Commissioner Modern Insolvency Rules: lending a helping hand to businesses in distress 2nd European Insolvency &

More information

1. The Parties shall endeavour to avoid the imposition of restrictive measures for balance-of-payments purposes.

1. The Parties shall endeavour to avoid the imposition of restrictive measures for balance-of-payments purposes. 1. The Parties shall endeavour to avoid the imposition of restrictive measures for balance-of-payments purposes. 2. Articles XI and XII of the GATS shall apply to payments and transfers, and t o restrictions

More information

EUROPEAN SOCIAL SECURITY LAW

EUROPEAN SOCIAL SECURITY LAW EUROPEAN SOCIAL SECURITY LAW Frans PENNINGS Fifth edition intersentia Antwerp - Oxford - Portland CONTENTS Preface Abbreviations v xix PART I. COORDINATION Chapter 1. Introduction to the Concept of Coordination

More information

Offshore Security Enforcement

Offshore Security Enforcement Offshore Security Enforcement Contents Introduction... 01 Guernsey... 02 Jersey... 03 Isle of Man... 04 British Virgin Islands... 05 Cayman Islands... 06 Mauritius...07 Gibraltar... 08 Luxembourg... 09

More information

RESPONSIVE INDUSTRIES LIMITED

RESPONSIVE INDUSTRIES LIMITED RESPONSIVE INDUSTRIES LIMITED POLICY FOR DETERMINATION OF MATERIALITY OF EVENT / INFORMATION 1. Preface The Board of Directors (the Board ) of Responsive Industries Limited (the Company ) has adopted the

More information

Cross-border Insolvencies in Practice: Austria

Cross-border Insolvencies in Practice: Austria Cross-border Insolvencies in Practice: Austria Stockholm, 19 May 2008 MMag Barbara Pogacar Lawyer Brauneis Klauser Prändl Rechtsanwälte GmbH Folie 1 speaker MMag Barbara Pogacar Bauernmarkt 2, 1010 Vienna,

More information

Management Liability Insurance Policy General Terms and Conditions

Management Liability Insurance Policy General Terms and Conditions In consideration of the premium charged and in reliance upon the statements made by the Insureds in the Application, which forms a part of this Policy, the Insurer agrees as follows: I. Terms and Conditions

More information

XVIII JOHAN JOL

XVIII JOHAN JOL JOHAN JOL 156 VIII157 Does an international business enterprises group have one COMI or not? INTRODUCTION This note deals with the question whether or not an international business enterprises group, i.e.

More information

Bilateral Investment Treaty between Australia and Indonesia

Bilateral Investment Treaty between Australia and Indonesia Bilateral Investment Treaty between Australia and Indonesia This document was downloaded from ASEAN Briefing (www.aseanbriefing.com) and was compiled by the tax experts at Dezan Shira & Associates (www.dezshira.com).

More information

ForeFront Portfolio 3.0 SM General Terms and Conditions

ForeFront Portfolio 3.0 SM General Terms and Conditions In consideration of payment of the premium and subject to the Declarations and the limitations, conditions, provisions and other terms of this Policy, the Company and the Insureds agree as follows: I.

More information

Cautionary Statement Statements made in this presentation with respect to Sony's current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking

More information

THE BANKING LAWS OF 1997 TO 2008

THE BANKING LAWS OF 1997 TO 2008 UNOFFICIAL CONSOLIDATION AND TRANSLATION OF LAWS 66(Ι) OF 1997, 74(Ι) OF 1999, 94(Ι) OF 2000, 119(Ι) OF 2003, 4(Ι) OF 2004, 151(Ι) OF 2004, 231(Ι) OF 2004, 235(Ι) OF 2004, 20(Ι) OF 2005 AND 80(I) OF 2008.

More information

Table of Contents. Part One Introduction. Part Two VAT/GST Double (Non-)Taxation and Possible Remedies. Chapter 2: VAT/GST Double (Non-)Taxation 27

Table of Contents. Part One Introduction. Part Two VAT/GST Double (Non-)Taxation and Possible Remedies. Chapter 2: VAT/GST Double (Non-)Taxation 27 Table of Contents Foreword List of Abbreviations vii xvii VAT/GST Model Tax Convention 1 Part One Introduction Chapter 1: Introduction 21 Part Two VAT/GST Double (Non-)Taxation and Possible Remedies Chapter

More information

INVESTMENT SERVICES RULES FOR INVESTMENT SERVICE PROVIDERS

INVESTMENT SERVICES RULES FOR INVESTMENT SERVICE PROVIDERS INVESTMENT SERVICES RULES FOR INVESTMENT SERVICE PROVIDERS PART B - STANDARD LICENCE CONDITIONS Appendix 1C Capital Buffers Requirement Applicable to Category 3 Investment Services Licence Holders This

More information

Forum shopping in the context of the European Insolvency Regulation and Freedom of Establishment post Interedil C 396/09

Forum shopping in the context of the European Insolvency Regulation and Freedom of Establishment post Interedil C 396/09 FACULTY OF LAW Lund University Katja Ober Forum shopping in the context of the European Insolvency Regulation and Freedom of Establishment post Interedil C 396/09 Master thesis 15 credits [Dr. Sanja Bogojevic]

More information

EUROPEAN COMMISSION Directorate General Internal Market and Services

EUROPEAN COMMISSION Directorate General Internal Market and Services EUROPEAN COMMISSION Directorate General Internal Market and Services FINANCIAL INSTITUTIONS 8 January 2014 DG MARKT Draft Implementing Technical Standards with regard to supervisory reporting of institutions

More information

DRAFT GUIDELINE ON THE ISSUE OF MONEY MARKET INSTRUMENTS

DRAFT GUIDELINE ON THE ISSUE OF MONEY MARKET INSTRUMENTS DRAFT GUIDELINE ON THE ISSUE OF MONEY MARKET INSTRUMENTS Bank of Mauritius 18 December 2018 0 Table of Contents Introduction... 2 Authority...2 Interpretation...2 Scope of Application...3 Effective Date...3

More information

EU Court of Justice, 21 July 2011 * Case C Scheuten Solar Technology GmbH v Finanzamt Gelsenkirchen-Süd. Legal context EUJ

EU Court of Justice, 21 July 2011 * Case C Scheuten Solar Technology GmbH v Finanzamt Gelsenkirchen-Süd. Legal context EUJ EU Court of Justice, 21 July 2011 * Case C-39709 Scheuten Solar Technology GmbH v Finanzamt Gelsenkirchen-Süd Third Chamber: K. Lenaerts, President of the Chamber, D. Sváby, R. Silva de Lapuerta (Rapporteur),

More information

U.S. DEPARTMENT OF HOMELAND SECURITY'S URBAN AREAS SECURITY INITIATIVE GRANT PROGRAM REQUIREMENTS FOR PROCUREMENT CONTRACTS

U.S. DEPARTMENT OF HOMELAND SECURITY'S URBAN AREAS SECURITY INITIATIVE GRANT PROGRAM REQUIREMENTS FOR PROCUREMENT CONTRACTS U.S. DEPARTMENT OF HOMELAND SECURITY'S URBAN AREAS SECURITY INITIATIVE GRANT PROGRAM REQUIREMENTS FOR PROCUREMENT CONTRACTS I. DEFINITIONS A. Agreement means the agreement between City and Contractor to

More information

Offer Management Agreement Summary

Offer Management Agreement Summary 1 Offer Management Agreement The Offer Management Agreement (OMA) is dated 1 November 2018. The OMA relates to the offer by Commonwealth Bank of Australia (Issuer) of Commbank PERLS XI Capital Notes (PERLS

More information

Integrated text of Council Directive 2006/112/EC on the common system of value added tax (the Recast VAT Directive)

Integrated text of Council Directive 2006/112/EC on the common system of value added tax (the Recast VAT Directive) Integrated text of Council Directive 2006/112/EC on the common system of value added tax (the Recast VAT Directive) Preambles Council Directive 2006/112/EC of 28 November 2006 on the common system of value

More information

5. PRINCIPLES AND GUIDELINES FOR EFFECTIVE INSOLVENCY AND CREDITOR RIGHTS SYSTEM: ASSESSMENT TEST IN EU MEMBER STATES AND US

5. PRINCIPLES AND GUIDELINES FOR EFFECTIVE INSOLVENCY AND CREDITOR RIGHTS SYSTEM: ASSESSMENT TEST IN EU MEMBER STATES AND US 5. PRINCIPLES AND GUIDELINES FOR EFFECTIVE INSOLVENCY AND CREDITOR RIGHTS SYSTEM: ASSESSMENT TEST IN EU MEMBER STATES AND US The Principles and Guidelines for Effective Insolvency and Creditor Rights Systems

More information

CONTENTS FINANCIAL STATEMENTS NOTES TO THE ACCOMPANYING FINANCIAL STATEMENTS

CONTENTS FINANCIAL STATEMENTS NOTES TO THE ACCOMPANYING FINANCIAL STATEMENTS For the year ended December 31, 2012. Translation of financial statements originally issued in Spanish and prepared in accordance with Spanish generally accepted accounting principles (Bank of Spain Circular

More information

Case C-396/09, Interedil

Case C-396/09, Interedil Case C-396/09, Interedil COMI must be interpreted by reference to European Union law. RULES: COMI must be determined by attaching greater importance to the Diana Ungureanu, NIM, 2015 place of the company

More information

THE CROATIAN PARLIAMENT

THE CROATIAN PARLIAMENT THE CROATIAN PARLIAMENT 396 Pursuant to Article 89 of the Constitution of the Republic of Croatia, I hereby issue the DECISION PROMULGATING THE ACT ON THE RESOLUTION OF CREDIT INSTITUTIONS AND INVESTMENT

More information

E u r o E c o n o m i c a Issue 2(23)/2009 ISSN:

E u r o E c o n o m i c a Issue 2(23)/2009 ISSN: Particular aspects on the cross-border insolvency procedure Alexandrina Zaharia. Danubius University, Galati Faculty of Law Abstract:The insolvency procedure is a collective procedure that takes into account

More information

THE LAW OF TRANSNATIONAL SECURITIZATION

THE LAW OF TRANSNATIONAL SECURITIZATION THE LAW OF TRANSNATIONAL SECURITIZATION DAVID RAMOS MUNOZ Consultant editor: Kevin Ingram OXFORD UNIVERSITY PRESS CONTENTS SUMMARY Preface xiii Acknowledgements. xv Table of Cases "" - - - xvii Table of

More information

NEW INFINITY HOLDINGS, LTD Lincoln Highway Sadsburyville, PA NEW INFINITY HOLDINGS, LTD. COMPANY INFORMATION AND DISCLOSURE STATEMENT

NEW INFINITY HOLDINGS, LTD Lincoln Highway Sadsburyville, PA NEW INFINITY HOLDINGS, LTD. COMPANY INFORMATION AND DISCLOSURE STATEMENT NEW INFINITY HOLDINGS, LTD. 2964 Lincoln Highway Sadsburyville, PA 119369 NEW INFINITY HOLDINGS, LTD. COMPANY INFORMATION AND DISCLOSURE STATEMENT Part A: General Company Information As used in this disclosure

More information

FEDERAL EMERGENCY MANAGEMENT AGENCY S GRANT PROGRAM REQUIREMENTS FOR PROCUREMENT CONTRACTS

FEDERAL EMERGENCY MANAGEMENT AGENCY S GRANT PROGRAM REQUIREMENTS FOR PROCUREMENT CONTRACTS FEDERAL EMERGENCY MANAGEMENT AGENCY S GRANT PROGRAM REQUIREMENTS FOR PROCUREMENT CONTRACTS I. DEFINITIONS A. Agreement means the agreement between City and Contractor to which this document (Federal Emergency

More information

Translation of financial statements originally issued in Spanish and prepared in accordance with Spanish generally accounting principles (Bank of

Translation of financial statements originally issued in Spanish and prepared in accordance with Spanish generally accounting principles (Bank of For the year ended December 31, 2011 1 CONTENTS FINANCIAL STATEMENTS Balance sheets... 3 Income statements... 6 Statements of comprehensive income... 8 Statements of changes in equity... 9 Statements

More information

FEDERAL COURT OF AUSTRALIA

FEDERAL COURT OF AUSTRALIA FEDERAL COURT OF AUSTRALIA Young, Jr, in the matter of Buccaneer Energy Limited v Buccaneer Energy Limited [2014] FCA 711 Citation: Parties: Young, Jr, in the matter of Buccaneer Energy Limited v Buccaneer

More information

Harmonisation of insolvency law at EU level: Avoidance actions and rules on contracts

Harmonisation of insolvency law at EU level: Avoidance actions and rules on contracts DIRECTORATE GENERAL FOR INTERNAL POLICIES POLICY DEPARTMENT C: CITIZENS' RIGHTS AND CONSTITUTIONAL AFFAIRES LEGAL AFFAIRS Harmonisation of insolvency law at EU level: Avoidance actions and rules on contracts

More information

Prospectus Rules. Chapter 2. Drawing up the prospectus

Prospectus Rules. Chapter 2. Drawing up the prospectus Prospectus ules Chapter Drawing up the Section.1 : General contents of.1 General contents of.1.1 UK General contents of... Sections 87A(), (A), (3) and (4) of the Act provide for the general contents of

More information

Collection Profile New Zealand

Collection Profile New Zealand Euler Hermes Collection Profile New Zealand Collecting in New Zealand Late payments in New Zealand are not regulated, meaning that interest and collection costs would essentially depend on the court. Courts

More information

JONES DAY COMMENTARY

JONES DAY COMMENTARY October 2007 JONES DAY COMMENTARY U.S. Bankruptcy Court Denies Failed Hedge Funds Request for Chapter 15 Recognition Two hedge funds affiliated with Bear Stearns & Co., Inc., the fifth-largest investment

More information

Opening secondary proceedings. The right to give an undertaking in order to avoid a secondary insolvency proceeding.

Opening secondary proceedings. The right to give an undertaking in order to avoid a secondary insolvency proceeding. Opening secondary proceedings. The right to give an undertaking in order to avoid a secondary insolvency proceeding By Andrea Csőke There are many new solutions, instruments in the new Regulation (EU)

More information

Oliver on Free Movement of Goods in the European Union

Oliver on Free Movement of Goods in the European Union Oliver on Free Movement of Goods in the European Union Fifth Edition Peter J Oliver Legal Advisor to the European Commission Professor at the Universite Libre de Bruxelles Contributing Editors Stefan Enchelmaier

More information

KALI, INC. INFORMATION AND DISCLOSURE STATEMENT

KALI, INC. INFORMATION AND DISCLOSURE STATEMENT KALI, INC. INFORMATION AND DISCLOSURE STATEMENT Cusip No. Trading Symbol 483380101 KALY March 31, 2016 All Information in this Information and Disclosure Statement has been compiled to fulfill the disclosure

More information

Insolvency Law and Attempts to Prevent Abuse and Forum Shopping in the EU

Insolvency Law and Attempts to Prevent Abuse and Forum Shopping in the EU Seton Hall University erepository @ Seton Hall Law School Student Scholarship Seton Hall Law 2016 Insolvency Law and Attempts to Prevent Abuse and Forum Shopping in the EU Joseph A. Caneco Follow this

More information

Onderwerp: EC; Public consultation on the reorganisation and winding up of credit institutions I OVERVIEW OF ISSUES RELATED TO DIRECTIVE 2001/24/EC

Onderwerp: EC; Public consultation on the reorganisation and winding up of credit institutions I OVERVIEW OF ISSUES RELATED TO DIRECTIVE 2001/24/EC Concept (vertrouwelijk) 1 Onderwerp: EC; Public consultation on the reorganisation and winding up of credit institutions I OVERVIEW OF ISSUES RELATED TO DIRECTIVE 2001/24/EC Problems identified in the

More information

INTERNATIONAL INSOLVENCY INSTITUTE

INTERNATIONAL INSOLVENCY INSTITUTE June 8, 2009 INTERNATIONAL INSOLVENCY INSTITUTE COMMITTEE ON INTERNATIONAL JURISDICTION AND COOPERATION JUDICIAL GUIDELINES FOR COORDINATION OF MULTI-NATIONAL ENTERPRISE GROUP INSOLVENCIES Co-Chairs Hon.

More information

NIGERIA INSOLVENCY AND RESTRUCTURING. Kemela Okara, Tamuno Atekebo and Yinka Aderemi STREAMSOWERS & KÖHN

NIGERIA INSOLVENCY AND RESTRUCTURING. Kemela Okara, Tamuno Atekebo and Yinka Aderemi STREAMSOWERS & KÖHN NIGERIA INSOLVENCY AND RESTRUCTURING Kemela Okara, Tamuno Atekebo and Yinka Aderemi STREAMSOWERS & KÖHN 1 Legislation What legislation is applicable to bankruptcies and reorganisations? The Companies and

More information

PRIVATE CHOICE ENCORE! POLICY

PRIVATE CHOICE ENCORE! POLICY PRIVATE CHOICE ENCORE! POLICY NOTICE: THE LIABILITY COVERAGE PARTS SCHEDULED IN ITEM 5: COVERAGE ELECTIONS PROVIDES CLAIMS MADE COVERAGE. EXCEPT AS OTHERWISE SPECIFIED HEREIN, COVERAGE APPLIES ONLY TO

More information

Value Added Tax and the Digital Economy. The 2015 EU Rules and Broader Issiies. Edited by. Marie Lamensch Edoardo Traversa Servaas van Thiel

Value Added Tax and the Digital Economy. The 2015 EU Rules and Broader Issiies. Edited by. Marie Lamensch Edoardo Traversa Servaas van Thiel Value Added Tax and the Digital Economy The 2015 EU Rules and Broader Issiies Edited by Marie Lamensch Edoardo Traversa Servaas van Thiel Wolters Kluwer Contributors Preface v xix CHAPTER 1 VAT on Online

More information

Wolters Kluwer. EU Dumping Determinations and WTO Law KLUWER LAW INTERNATIONAL. Henrik Andersen. Law & Business

Wolters Kluwer. EU Dumping Determinations and WTO Law KLUWER LAW INTERNATIONAL. Henrik Andersen. Law & Business KLUWER LAW INTERNATIONAL EU Dumping Determinations and WTO Law By Henrik Andersen Wolters Kluwer Law & Business AUSTIN BOSTON CHICAGO NEW YORK THE NETHERLANDS Table of Contents Preface xvü Chapter 1 Introduction

More information

in this web service Cambridge University Press

in this web service Cambridge University Press PART I 1 Community rules applicable to the incorporation and capital of public limited liability companies dirk van gerven NautaDutilh I II III IV V VI VII VIII IX X XI XII Introduction Application Scope

More information

EXCESS LIABILITY INSURANCE POLICY. NOTICE: This coverage is provided on a Claims Made and Reported Basis.

EXCESS LIABILITY INSURANCE POLICY. NOTICE: This coverage is provided on a Claims Made and Reported Basis. EXCESS LIABILITY INSURANCE POLICY NOTICE: This coverage is provided on a Claims Made and Reported Basis. The Underwriters agree with the Named Assured, in consideration of the payment of the premium and

More information

OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations

OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations 2009 Edition B 366258 TABLE OF CONTENTS - 5 Table of Contents Preface 11 Glossary 17 Chapter I The Arm's Length Principle

More information

Item I: The exact name of the issuer and its predecessor (if any).

Item I: The exact name of the issuer and its predecessor (if any). GOLDEN TIME NETWORK MARKETING LIMITED Flat 1/13F, Ho King Commercial Centre 2-16 Fa Yuen Street, Kowloon Hong Kong, China GOLDEN TIME NETWORK MARKETING LIMITED COMPANY INFORMATION AND DISCLOSURE STATEMENT

More information

This document is meant purely as a documentation tool and the institutions do not assume any liability for its contents

This document is meant purely as a documentation tool and the institutions do not assume any liability for its contents 2006R1828 EN 01.12.2011 003.001 1 This document is meant purely as a documentation tool and the institutions do not assume any liability for its contents B C1 COMMISSION REGULATION (EC) No 1828/2006 of

More information

Brexit Preparedness seminar on professional qualifications, intellectual property, civil justice, company law, consumer protection and personal data

Brexit Preparedness seminar on professional qualifications, intellectual property, civil justice, company law, consumer protection and personal data Brexit Preparedness seminar on professional qualifications, intellectual property, civil justice, company law, consumer protection and personal data Council Working Party (Article 50 Format) 27 November

More information

DECISION amending the Decision on documents supporting the request for granting approvals under the Banking Law

DECISION amending the Decision on documents supporting the request for granting approvals under the Banking Law Pursuant to Article 44 paragraph 1 point 3 of the Central Bank of Montenegro Law (OGM 40/10, 46/10), and in conjunction with Article 27 of the Banking Law (OGM 17/08, 44/10), the Council of the Central

More information

KIRKLAND ALERT. Hard choices: Restructuring and insolvency dealmakers face uncertainty ahead of possible Hard Brexit

KIRKLAND ALERT. Hard choices: Restructuring and insolvency dealmakers face uncertainty ahead of possible Hard Brexit KIRKLAND ALERT 24 September 2018 Hard choices: Restructuring and insolvency dealmakers face uncertainty ahead of possible Hard Brexit AT A GLANCE The U.K. Government has issued guidance on the prospect

More information

Reciprocal Enforcement of Judgements.

Reciprocal Enforcement of Judgements. INDEPENDENT STATE OF PAPUA NEW GUINEA. CHAPTER No. 50. Reciprocal Enforcement of Judgements. ADMINISTRATION. GENERAL ANNOTATION. The administration of this Chapter was vested in the Minister for Justice

More information

BASIC CUSTOMS INSTRUMENTS Customs Tariff. Bilateral Screening Chapter 29 Customs Union Presentation by Republic of Serbia Brussels, 3-4 June 2014

BASIC CUSTOMS INSTRUMENTS Customs Tariff. Bilateral Screening Chapter 29 Customs Union Presentation by Republic of Serbia Brussels, 3-4 June 2014 BASIC CUSTOMS INSTRUMENTS Customs Tariff Bilateral Screening Chapter 29 Customs Union Presentation by Republic of Serbia Brussels, 3-4 June 2014 Content Customs tariff Tariff classification 2 Customs Tariff

More information

Collection Profile Mexico

Collection Profile Mexico Euler Hermes Collection Profile Mexico Collecting in Mexico The law provides no framework on standard payment terms, but it is common to rely on 30-day credit terms starting from the date of the invoice.

More information

AGREEMENT BETWEEN THE REPUBLIC OF INDIA AND THE SLOVAK REPUBLIC FOR THE PROMOTION AND RECIPROCAL PROTECTION OF INVESTMENTS

AGREEMENT BETWEEN THE REPUBLIC OF INDIA AND THE SLOVAK REPUBLIC FOR THE PROMOTION AND RECIPROCAL PROTECTION OF INVESTMENTS AGREEMENT BETWEEN THE REPUBLIC OF INDIA AND THE SLOVAK REPUBLIC FOR THE PROMOTION AND RECIPROCAL PROTECTION OF INVESTMENTS The Republic of India and the Slovak Republic, hereinafter referred to as the

More information

SPECIMEN. (1) bacteria; mildew, mold, or other fungi; other microorganisms; or any mycotoxins, spores, or other byproducts of any of the foregoing;

SPECIMEN. (1) bacteria; mildew, mold, or other fungi; other microorganisms; or any mycotoxins, spores, or other byproducts of any of the foregoing; In consideration of payment of the premium and subject to the Declarations, limitations, conditions, provisions and other terms of this Policy, the Company and the Insureds agree as follows: I. TERMS AND

More information

CORRECTED OMB No For DEBTOR S name. 3 Interest if included in box 2 4

CORRECTED OMB No For DEBTOR S name. 3 Interest if included in box 2 4 Attention! This form is provided for informational purposes and should not be reproduced on personal computer printers by individual taxpayers for filing. The printed version of this form is a "machine

More information

A Step-by-Step Illustration of SPOE Resolution. February 2016

A Step-by-Step Illustration of SPOE Resolution. February 2016 A Step-by-Step Illustration of SPOE Resolution February 016 Group Structure and Hypothetical Losses Leading to Failure Group Structure and Losses Leading to Failure Step 1: Group Structure Before Failure

More information

BANKRUPTCY & CREDITOR REMEDIES Law 715/512 SPRING SEMESTER 2018 SYLLABUS

BANKRUPTCY & CREDITOR REMEDIES Law 715/512 SPRING SEMESTER 2018 SYLLABUS BANKRUPTCY & CREDITOR REMEDIES Law 715/512 Instructor: Louise M. Carwell, Esq. SPRING SEMESTER 2018 SYLLABUS Date, Time and Location: Monday and Wednesday, 6:15 p.m. -7:30 p.m. You can reach me at: (410)

More information

Available for download in English at uri=celex:32000r1346&from=en 4

Available for download in English at  uri=celex:32000r1346&from=en 4 Dr. Annerose Tashiro Reform of the EU Regulation on insolvent international groups of companies 1 New Framework for Insolvent Company Groups Dr. H. Philipp Esser & Dr. Annerose Tashiro, Schultze & Braun,

More information

IN THE HIGH COURT OF JUSTICE IN NORTHERN IRELAND CHANCERY DIVISION (BANKRUPTCY)

IN THE HIGH COURT OF JUSTICE IN NORTHERN IRELAND CHANCERY DIVISION (BANKRUPTCY) Neutral Citation: [2017] NICh 5 Ref: HOR10193 Judgment: approved by the Court for handing down Delivered: 07/02/2017 (subject to editorial corrections)* 2002 No: 032846 IN THE HIGH COURT OF JUSTICE IN

More information

Collection Profile The Netherlands

Collection Profile The Netherlands Euler Hermes Collection Profile The Netherlands Collecting in The Netherlands The paying behavior of domestic companies is very good with payment normally taking place within 47 days; however the rules

More information