# Directive 2001/24/EC of the European Parliament and of the Council of 4 April 2001 on the reorganisation and winding up of credit institutions, Article 30: Detrimental acts

Extent: E+W+S+N.I.

1. Article 10 shall not apply as regards the rules relating to the voidness, voidability or unenforceability of legal acts detrimental to the creditors as a whole, where the beneficiary of these acts provides proof that:
the act detrimental to the creditors as a whole is subject to the law of a Member State other than the home Member State, and
that law does not allow any means of challenging that act in the case in point.
2. Where a reorganisation measure decided on by a judicial authority provides for rules relating to the voidness, voidability or unenforceability of legal acts detrimental to the creditors as a whole performed before adoption of the measure, Article 3(2) shall not apply in the cases provided for in paragraph 1 of this Article.

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Source: https://www.legislation.gov.uk/eudr/2001/24/article/30 (the official version)
Page: https://openlegislation.uk/eu-directive-2001-24/article-30
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.