IIL: Types of Proceeding

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samparkin92
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Last updated: May 21, 2025
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First submittedApril 21, 2025
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Three types of proceeding
Main
Secondary
Territorial
Main
What is COMI
Centre of Main Interest
What are the criteria for identifying
Objective and ascertainable
(To) Third parties
What case defined this
Eurofood (2006)
Why is the presumption of COMI
Registered office
Territorial
Objectives
Protect local interests
Which law applies to the assets within?
Lex concorsus
When opened in relation to main proceeding
Before
What must there be according to art 3.2 EIR to open this type?
Establishment
Strict alternative conditions in art. 3.4 and recital 37 EIR
Request from creditor
Request by public authority
Secondary
Objective
Protect local interests
Which law applies to the assets within?
Lex concorsus
When opened in relation to main proceeding
After
Where are rules found
34-52 EIR
Conditions to open
Establishment (3.2 and 2.10)
Request by main IP (art.37 EIR)
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