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The Cross-Border Insolvency Regulations (Northern Ireland) 2007
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- 2007 No. 115
- SCHEDULE 1
- PART 1
- CHAPTER V
- Article 28. Commencement of a proceeding under Northern Ireland insolvency law after recognitionofaforeignmain proceeding
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Article 28. Commencement of a proceeding under Northern Ireland insolvency law after recognition of a foreign main proceeding
After recognition of a foreign main proceeding, the effects of a proceeding under Northern Ireland insolvency law in relation to the same debtor shall, insofar as the assets of that debtor are concerned, be restricted to assets that are located in Northern Ireland and, to the extent necessary to implement cooperation and coordination under articles 25, 26 and 27, to other assets of the debtor that, under the law of Northern Ireland, should be administered in that proceeding.
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