normal insolvency proceedings
Definitions over time (1)
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02/07/2014 – 20/07/2017 Article 2, Bank Recovery and Resolution Directive (BRRD) Scope: Whole act
1. For the purposes of this Directive the following definitions apply:
‘normal insolvency proceedings’ means collective insolvency proceedings which entail the partial or total divestment of a debtor and the appointment of a liquidator or an administrator normally applicable to institutions under national law and either specific to those institutions or generally applicable to any natural or legal person;
Other definitions of this term in this act (1)
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