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Council Regulation (EC) No 1346/2000 (repealed)Show full title
Council Regulation (EC) No 1346/2000 of 29 May 2000 on insolvency proceedings (repealed)
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- Revised 26/06/20170.44 MB
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- Revised 09/07/20140.79 MB
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- Revised 02/04/20100.14 MB
- Revised 09/08/20080.13 MB
- Revised 01/01/20080.13 MB
- Revised 01/01/20070.13 MB
- Revised 07/05/20060.16 MB
- Revised 21/04/20050.12 MB
- Revised 01/05/20040.12 MB
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Changes over time for: Article 33
Version Superseded: 26/06/2017
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Article 33U.K.Stay of liquidation
1.The court, which opened the secondary proceedings, shall stay the process of liquidation in whole or in part on receipt of a request from the liquidator in the main proceedings, provided that in that event it may require the liquidator in the main proceedings to take any suitable measure to guarantee the interests of the creditors in the secondary proceedings and of individual classes of creditors. Such a request from the liquidator may be rejected only if it is manifestly of no interest to the creditors in the main proceedings. Such a stay of the process of liquidation may be ordered for up to three months. It may be continued or renewed for similar periods.
2.The court referred to in paragraph 1 shall terminate the stay of the process of liquidation:
at the request of the liquidator in the main proceedings,
of its own motion, at the request of a creditor or at the request of the liquidator in the secondary proceedings if that measure no longer appears justified, in particular, by the interests of creditors in the main proceedings or in the secondary proceedings.
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