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? (for
example which of the following requirements, if any, must be satisfied
in order for an insolvency procedure to be initiated in relation
to a corporate debtor in your economy:
- principal residence of debtor;
- domicile of the debtor;
- nationality of the debtor;
- personal whereabouts at the material time;
- location of principal place of business;
- location of a place of business, branch or agency;
- location of assets of debtor;
- place where transaction or event took place which gave
rise to liability;
- place where payment, discharge or performance of liability
is due to take place.)
Jurisdiction is governed by location of the registered office
and place where cause of action or part thereof arose and in respect
of immovable property by location of the same.
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.
No.
