Übersetzung für "Insolvenzverfahren eröffnet wurde" in Englisch

The law applicable to the insolvency proceedings is, in principle, the law of the country where the proceedings are opened.

The reasoning behind this proposal is to prevent creditors from claiming payments already made into the banking system when the insolvency of a bank is opened.

In order to make it easier to identify insolvency proceedings in particular in situations with a cross-border dimension, provision should be made for the Member States to notify the Commission and the other Member States about insolvency proceedings giving rise to intervention by the guarantee institution.

Any other questions relating to the law of insolvency, such as whether the employees' claims are protected by preferential rights and the status such preferential rights may have, should be determined by the law of the Member State in which the insolvency proceedings (main or secondary) have been opened, except in cases where an undertaking to avoid secondary insolvency proceedings has been given in accordance with this Regulation.

This Article shall not apply where the principal venue for the trading of shares is located in a third country.

With regard to criterion 4, the company group referred to in recital 57 above could demonstrate that a bankruptcy proceeding was initiated against the main Chinese group company in the meantime.

The consequences may be especially serious if their employer is in a state of insolvency within the meaning of Directive 80/987/EEC as a result of insolvency proceedings instituted in another Member State (in which the firm's registered office is located, for example) and the guarantee institution in the country in which an employee normally works refuses to meet pay claims even though it received the corresponding contributions.

By its question, the referring tribunal is in substance asking which is the competent guarantee institution, under Article 3 of the Directive, for ensuring payment of outstanding wage claims in the case where the employees in question were employed in a Member State by the branch of a company incorporated under the laws of another Member State, in which that company has its registered office and in which it was placed in liquidation.

After applying for insolvency on November 2010, the customers, suppliers and especially all 47 employees can now look again forward into the future. PSA Technology GmbH has been founded on...

Until the end of 2018, in order for foreign insolvency proceedings to produce any effect in Switzerland, the foreign judgment by which insolvency proceedings are opened had to be recognized in Switzerland in dedicated recognition proceedings.

The relative empowerment can then be withdrawn when the purchaser constructively fails to come up to his contractual obligations or ceases to comply with them or if and when the insolvency proceedings against him have been opened.

Confirmation by the client that no insolvency proceedings have been opened, have been initiated or are imminent in the foreseeable future (if requested).

We shall be entitled to notify the clients of the customer of the cession and demand payment to us as long as insolvency proceedings have not been opened and orders from the insolvency court are not opposed to this procedure.

In order for foreign insolvency proceedings to produce any effect in Switzerland, the foreign judgment by which insolvency proceedings are opened has to be recognized in Switzerland in dedicated recognition proceedings.

The Auctioneer shall be entitled to withdraw from the contract if the Bidder has made incorrect statements about their creditworthiness or discontinued their payments, or if insolvency proceedings have been filed or opened on their assets.

However, we shall be authorized to collect the claim ourselves if the Buyer does not perform his obligations to pay for the Products, defaults in payment or has filed a petition for insolvency proceedings or such a petition has been filed or payments have ceased.