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Council Regulation (EC) No 1346/2000 (repealed)Dangos y teitl llawn

Council Regulation (EC) No 1346/2000 of 29 May 2000 on insolvency proceedings (repealed)

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Changes over time for: Article 2

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Version Superseded: 26/06/2017

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Article 2U.K.Definitions

For the purposes of this Regulation:

(a)

‘insolvency proceedings’ shall mean the collective proceedings referred to in Article 1(1). These proceedings are listed in Annex A;

(b)

‘liquidator’ shall mean any person or body whose function is to administer or liquidate assets of which the debtor has been divested or to supervise the administration of his affairs. Those persons and bodies are listed in Annex C;

(c)

‘winding-up proceedings’ shall mean insolvency proceedings within the meaning of point (a) involving realising the assets of the debtor, including where the proceedings have been closed by a composition or other measure terminating the insolvency, or closed by reason of the insufficiency of the assets. Those proceedings are listed in Annex B;

(d)

‘court’ shall mean the judicial body or any other competent body of a Member State empowered to open insolvency proceedings or to take decisions in the course of such proceedings;

(e)

‘judgment’ in relation to the opening of insolvency proceedings or the appointment of a liquidator shall include the decision of any court empowered to open such proceedings or to appoint a liquidator;

(f)

‘the time of the opening of proceedings’ shall mean the time at which the judgment opening proceedings becomes effective, whether it is a final judgment or not;

(g)

‘the Member State in which assets are situated’ shall mean, in the case of:

  • tangible property, the Member State within the territory of which the property is situated,

  • property and rights ownership of or entitlement to which must be entered in a public register, the Member State under the authority of which the register is kept,

  • claims, the Member State within the territory of which the third party required to meet them has the centre of his main interests, as determined in Article 3(1);

(h)

‘establishment’ shall mean any place of operations where the debtor carries out a non-transitory economic activity with human means and goods.

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