SECTION O - CONNECTION BETWEEN DEBTOR AND FORUM

(a) In relation to each type of insolvency procedure available in the legal system of this economy, what connection must there be between the debtor organization and the law of the forum?

 

Are any other requirements imposed in relation to a connection between the debtor and the forum before an insolvency procedure may be initiated? If so, briefly describe these requirements.

Bankruptcy and Composition:

Location of principal place of business (Article 105)

If the above is not applicable, location of assets of debtor (Article 107).

 

Are any other requirements imposed in relation to a connection between the debtor and the forum before an insolvency procedure may be initiated? If so, briefly describe these requirements.

Corporate Reorganization

Head office of the corporate debtor (Article 6)

 

(b) Are any particular rules or conditions imposed in the legal system of this economy regarding the opening or commencement of an insolvency procedure in cases where the connection between the debtor and the forum is limited to only one of the factors mentioned in (a) above?

No.