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Directive 2001/24/EC of the European Parliament and of the CouncilShow full title

Directive 2001/24/EC of the European Parliament and of the Council of 4 April 2001 on the reorganisation and winding up of credit institutions

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Changes over time for: Article 30

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Article 30U.K.Detrimental acts

1.Article 10 shall not apply as regards the rules relating to the voidness, voidability or unenforceability of legal acts detrimental to the creditors as a whole, where the beneficiary of these acts provides proof that:

  • the act detrimental to the creditors as a whole is subject to the law of a Member State other than the home Member State, and

  • that law does not allow any means of challenging that act in the case in point.

2.Where a reorganisation measure decided on by a judicial authority provides for rules relating to the voidness, voidability or unenforceability of legal acts detrimental to the creditors as a whole performed before adoption of the measure, Article 3(2) shall not apply in the cases provided for in paragraph 1 of this Article.

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