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The Cross-Border Insolvency Regulations 2006

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This is the original version (as it was originally made).

The hearing and powers of court

This section has no associated Explanatory Memorandum

14.—(1) On hearing an application under paragraph 12(3) the court may—

(a)make an order confirming the status of the replacement foreign representative as foreign representative for the purpose of proceedings under these Regulations;

(b)dismiss the application;

(c)adjourn the hearing conditionally or unconditionally;

(d)make an interim order;

(e)make any other order which the court thinks appropriate, including in particular an order making such provision as the court thinks fit with respect to matters arising in connection with the replacement of the foreign representative.

(2) If the court dismisses the application, it may also if it thinks fit make an order terminating recognition of the foreign proceeding and—

(a)such an order may include such provision as the court thinks fit with respect to matters arising in connection with the termination; and

(b)paragraph 15 shall not apply to such an order.

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