UNCITRAL Model Law on Cross-Border Insolvency:Article 20 Effects of recognition of a foreign main proceeding

UNCITRAL Model Law on Cross-Border Insolvency

Article 20 Effects of recognition of a foreign main proceeding

Geldend

Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.

1.

Upon recognition of a foreign proceeding that is a foreign main proceeding,

(a)

Commencement or continuation of individual actions or individual proceedings concerning the debtor's assets, rights, obligations or liabilities is stayed;

(b)

Execution against the debtor's assets is stayed; and

(c)

The right to transfer, encumber or otherwise dispose of any assets of the debtor is suspended.

2.

The scope, and the modification or termination, of the stay and suspension referred to in paragraph 1 of this article are subject to [refer to any provisions of law of the enacting State relating to insolvency that apply to exceptions, limitations, modifications or termination in respect of the stay and suspension referred to in paragraph 1 of this article].

3.

Paragraph 1 (a) of this article does not affect the right to commence individual actions or proceedings to the extent necessary to preserve a claim against the debtor.

4.

Paragraph 1 of this article does not affect the right to request the commencement of a proceeding under [identify laws of the enacting State relating to insolvency] or the right to file claims in such a proceeding.

Deze functie is alleen te gebruiken als je bent ingelogd.