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Article 288 - Set-off

Article 288
Set-off

1.The opening of reorganisation measures or winding-up proceedings shall not affect the right of creditors to demand the set-off of their claims against the claims of the insurance undertaking, where such a set-off is permitted by the law applicable to the claim of the insurance undertaking.

2.Paragraph 1 shall not preclude actions for nullity, voidability or unenforceability referred to in Article 274(2)(l).

Official text · consolidated version 15/09/2012 (no longer in force) Open full page ↗
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