The acknowledgement of the initiation of collective proceedings by a competent court of a State
shall not be a bar to the initiation of other collective proceedings by the competent court of
another State Party.
Where collective proceedings are initiated on the territory of a State Party in which the debtor
has his main place of business or in which the company has its registered office, such
proceedings shall be called principal collective proceedings. Where collective proceedings are
initiated in the territory of a State-Party in which the debtor does not have his main place of
business or in which the company does not have a registered office such proceedings shall be
referred to as secondary collective proceedings.
Official translation
Spot-checked
In force from 10 April 1998
Source page 73