Paragraph 4 Amendments to the EU Insolvency Regulation

(1)

Article 3 is amended as follows.

(2)

For the heading “International jurisdiction” substitute “Centre of main interests”.

(3)

In paragraph 1—

(a)

in the first sub-paragraph omit the first sentence;

(b)

in the second sub-paragraph for “to another Member State” substitute “from the United Kingdom to a Member State or to the United Kingdom from a Member State”;

(c)

in the third sub-paragraph for “to another Member State” substitute “from the United Kingdom to a Member State or to the United Kingdom from a Member State”;

(d)

in the fourth sub-paragraph for “to another Member State” substitute “from the United Kingdom to a Member State or to the United Kingdom from a Member State”;

(4)

Omit paragraphs 2 to 4.