Paragraph 12 Advantageous terms on insolvencyI1I2

become bankrupt or, in Scotland, the estate of the supplier has been sequestrated,

become subject to insolvency or winding-up proceedings,

had its assets subject to administration or receivership, including by a liquidator or court,

entered into an arrangement with its creditors,

become subject to a petition or application for any such procedures or arrangements, or

in any jurisdiction, been subject to a procedure or an application that corresponds to any procedure or application mentioned in paragraphs (a) to (e).