When several foreign bankruptcy proceedings were opened against the same debtor, the
competent court shall endeavor to ensure cooperation and coordination referred to articles 256-
24to 256-26 above pursuant to the following conditions:
1) any measure granted pursuant to articles 256-18 to 256-20 above to the foreign representative of a secondary foreign bankruptcy proceedings after recognition of main foreign bankruptcy proceedings must comply with the main foreign bankruptcy proceedings;
2) a main foreign bankruptcy proceedings is recognized after the recognition of a secondary foreign bankruptcy proceedings or after the introduction of an application for recognition
of such a bankruptcy proceedings, any measures taken pursuant to articles 256-18 to 256-
20 above shall be reviewed by the competent court and modified or removed, if they do not comply with the main foreign bankruptcy proceedings;
3) If, after recognition of a secondary foreign bankruptcy proceedings, another secondary bankruptcy foreign proceedingsis recognized, the competent court shall grant, modify, or actually stop measures granted to facilitate the coordination of concurrent bankruptcy procedures.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 138
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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