Paragraph 47 I1

United Kingdom

In rule 1.2(2)—

(a)

omit the following definitions—

(i)

“main proceedings”,

(ii)

“member State liquidator”,

(iii)

“non-EU proceedings”',

(iv)

“secondary proceedings”,

(v)

“temporary administrator”,

(vi)

“territorial proceedings”;

(b)

insert in the appropriate places—

““COMI proceedings” means insolvency proceedings in England and Wales 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 England and Wales to which the EU Regulation applies where the debtor has an establishment in the United Kingdom;”.

Annotations

Commencement

I1: Sch. para. 47 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)