Draft Common Frame of Reference:IV. G. — 2:111 Debtor's relief for the security provider

Draft Common Frame of Reference

IV. G. — 2:111 Debtor's relief for the security provider

Geldend

Documentgegevens:

Geldend vanaf 01-01-2009

Redactionele toelichting: De dag van de datum van afkondiging is gezet op 01. De datum van inwerkingtreding is de datum van afkondiging.
Bronpublicatie:: 01-01-2009, Internet 2009, ec.europa.eu (uitgifte: 01-01-2009, kamerstukken/regelingnummer: -)
Inwerkingtreding: 01-01-2009
Bronpublicatie inwerkingtreding:: 01-01-2009, Internet 2009, ec.europa.eu (uitgifte: 01-01-2009, kamerstukken/regelingnummer: -)
Vakgebied(en): Civiel recht algemeen (V)
EU-recht / Bijzondere onderwerpen
Internationaal privaatrecht / Algemeen

(1)

A security provider who has provided a security at the debtor's request or with the debtor's express or presumed consent may request relief by the debtor:

(a): if the debtor has not performed the secured obligation when performance became due;
(b): if the debtor is unable to pay or has suffered a substantial diminution of assets; or
(c): if the creditor has brought an action on the security against the security provider.

(2)

Relief may be granted by furnishing adequate security.