After recognition of a main foreign bankruptcy proceedings, a bankruptcy procedure may not be opened pursuant to this Uniform act in the State party where the foreign bankruptcy proceedingshas been only recognized if the debtor has assets in that State party.
P. 137 of 139 The effects of bankruptcy proceedings pursuant to this Uniform act shall be limited to the assets of the debtor that are located in that State and, to the extent necessary, in order to give effect to the measures of cooperation and coordination referred to in articles 256-24 to 256-26 above, other assets of the debtor which should be administered in that proceedingspursuant to this Uniform act.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 136
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