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CHAPTER 2
ACCESS OF FOREIGN REPRESENTATIVES AND CREDITORS TO COURTS IN REPUBLIC
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Right of direct access
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Application by foreign representative to commence proceedings under laws of Republic relating to insolvency
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Participation of foreign representative in proceedings under laws of Republic relating to insolvency
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Access of foreign creditors to proceedings under laws of Republic relating to insolvency
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Notification to foreign creditors of proceedings under laws of Republic relating to insolvency
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Definition Insolvency vs Bankruptcy
How to file for Bankruptcy
If insolvent partner enters into composition, trustee of partnership estate may take over his estate
What is Bankruptcy?
Cooperation and direct communication between trustee, liquidator, judicial manager, curator of institution, or receiver and foreign courts or foreign representatives