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The Insolvency (Amendment) (EU Exit) Regulations 2019

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Changes over time for: Paragraph 47

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There are currently no known outstanding effects for the The Insolvency (Amendment) (EU Exit) Regulations 2019, Paragraph 47. Help about Changes to Legislation

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47.  In rule 1.2(2)—U.K.

(a)omit the following definitions—

(i)“main proceedings”,

(ii)“member State liquidator”,

(iii)“non-EU proceedings”',

(iv)“secondary proceedings”,

(v)“temporary administrator”,

(vi)“territorial proceedings”;

(b)insert in the appropriate places—

COMI proceedings” means insolvency proceedings in England and Wales to which the EU Regulation applies where the centre of the debtor's main interests is in the United Kingdom;

establishment” has the same meaning as in Article 2(10) of the EU Regulation;

establishment proceedings” means insolvency proceedings in England and Wales to which the EU Regulation applies where the debtor has an establishment in the United Kingdom;.

Commencement Information

I1Sch. para. 47 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)

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