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CHAPTER 3
RECOGNITION OF FOREIGN PROCEEDINGS AND RELIEF
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Article Title
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Application for recognition of foreign proceedings
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Presumptions concerning recognition
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Decision to recognise foreign proceedings
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Subsequent information
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Relief that may be granted upon application for recognition of foreign proceedings
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Effects of recognition of foreign main proceedings
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Relief that may be granted upon recognition of foreign proceedings
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Protection of creditors and other interested persons
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Actions to avoid acts detrimental to creditors
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Intervention by foreign representative in proceedings in Republic
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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