SCHEDULE 1E+W+SUNCITRAL MODEL LAW ON CROSS-BORDER INSOLVENCY

CHAPTER V E+W+SConcurrent Proceedings

Article 31. Presumption of insolvency based on recognition of a foreign main proceedingE+W+S

In the absence of evidence to the contrary, recognition of a foreign main proceeding is, for the purpose of commencing a proceeding under British insolvency law, proof that the debtor is unable to pay its debts or, in relation to Scotland, is apparently insolvent within the meaning given to those expressions under British insolvency law.