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PART I U.K.SEQUESTRATION

Application of EC Regulation to petitions for sequestration of debtorU.K.

7.  After section 6 of the Act insert–

6A.    Petition for sequestration of estate: provision of information

(1) A petitioner for sequestration of a debtor’s estate shall, insofar as it is within the petitioner’s knowledge, state in the petition–

(a)whether or not the debtor’s centre of main interests is situated–

(i)in the United Kingdom; or

(ii)in another member State; and

(b)whether or not the debtor possesses an establishment–

(i)in the United Kingdom; or

(ii)in any other member State.

(2) If, to the petitioner’s knowledge, there is a member State liquidator appointed in main proceedings in relation to the debtor, the petitioner shall, as soon as reasonably practicable, send a copy of the petition to that member State liquidator..