SECTION 3-1

The court territorially competent to adjudicate all procedures covered by this Uniform act shall be within the jurisdiction of which: - the individual debtor has its principal establishment on the national territory; Or - The debtor company’s registered office is located in the national territory. If the principal place of business or registered office is abroad, the procedure shall take place before the court in the jurisdiction where the main center of operations of the individual debtor or company is located on the national territory. The court where is located the registered office or principal place of business of the legal entity shall have jurisdictional competence to rule on the preventive settlement, reorganization or assets liquidation of jointly and severally liable individuals for its debts.