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Paragraph 137P F1

In rule 1.2(1)—

(a)

omit the following definitions—

(i)

“local creditor”,

(ii)

“main proceedings”,

(iii)

“member State liquidator”,

(iv)

“non-EU proceedings”,

(v)

“secondary proceedings”,

(vi)

“territorial proceedings”;

(b)

insert in the appropriate places—

  • ““COMI proceedings” means insolvency proceedings in Scotland to which the EU Regulation applies where the centre of the debtor’s main interests is in the United Kingdom;”,

  • ““establishment” has the same meaning as in Article 2(10) of the EU  Regulation;”,

  • ““establishment proceedings” means insolvency proceedings in Scotland to which the EU Regulation applies where the debtor has an establishment in the United Kingdom;”.

Annotations

Textual amendments

F1

Sch. Pts. 8A, 8B inserted (31.12.2020) by The Insolvency (Amendment) (EU Exit) (No. 2) Regulations 2019 (S.I. 2019/1459), reg. 1(2), Sch. para. 6; 2020 c. 1, Sch. 5 para. 1(1)