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The Cross-Border Insolvency Regulations (Northern Ireland) 2007
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- Northern Ireland Statutory Rules
- 2007 No. 115
- SCHEDULE 1
- PART 1
- CHAPTER III
- Article 22. Protection of...
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Article 22. Protection of creditors and other interested persons
1. In granting or denying relief under article 19 or 21, or in modifying or terminating relief under paragraph 3 or paragraph 6 of article 20, the court must be satisfied that the interests of the creditors (including any secured creditors or parties to hire-purchase agreements) and other interested persons, including if appropriate the debtor, are adequately protected.
2. The court may subject relief granted under article 19 or 21 to conditions it considers appropriate, including the provision by the foreign representative of security for the proper performance of his functions.
3. The court may, at the request of the foreign representative or a person affected by relief granted under article 19 or 21, or of its own motion, modify or terminate such relief.
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