This section has no associated Explanatory Memorandum
241. In article 16—U.K.
(a)after paragraph 2 insert—
“2A. Where the EU Insolvency Regulation applies the centre of the debtor's main interests is to be determined in accordance with that Regulation.”;
(b)for paragraph 3 substitute—
“3. Subject to paragraph 2A, in the absence of proof to the contrary, the debtor's registered office, or habitual residence in the case of an individual, is presumed to be the centre of the debtor's main interests.”.
Commencement Information
I1Sch. para. 241 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)