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The Cross-Border Insolvency Regulations 2006
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- UK Statutory Instruments
- 2006 No. 1030
- SCHEDULE 1
- CHAPTER V
- Article 28. Commencement of...
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Article 28. Commencement of a proceeding under British insolvency law after recognition of a foreign main proceeding
After recognition of a foreign main proceeding, the effects of a proceeding under British 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 Great Britain 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 Great Britain, should be administered in that proceeding.
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