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CHAPTER 5
CONCURRENT PROCEEDINGS
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Commencement of proceedings under laws of Republic relating to insolvency after recognition of foreign main proceedings
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Coordination of proceedings under laws of Republic relating to insolvency and foreign proceedings
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Coordination of foreign proceedings
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Presumption of insolvency based on recognition of foreign main proceedings
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Rule of payment in concurrent proceedings
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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