Cross-border protocol for insolvencies or restructurings

The following Restructuring & Insolvency precedent provides comprehensive and up to date legal information covering:

  • Cross-border protocol for insolvencies or restructurings

Cross-border protocol for insolvencies or restructurings

This Agreement is made [insert day and month] 20 [insert year]

Parties

  1. 1

    [insert name of insolvency representative] in their capacity as [insert capacity eg liquidator or administrator or trustee or custodian or supervisor or curator or examiner] of [insert name of company(ies) appointed over] in [insert name of country A] appointed by a decision of the [insert name of court or administrative or governmental or regulatory body appointing them] dated [insert date]; and

  1. 2

    [insert name of insolvency representative] in their capacity as [insert capacity eg liquidator or administrator or trustee or custodian or supervisor or curator or examiner] of [insert name of company(ies) appointed over] in [insert name of country B] appointed by a decision of the [insert name of court or administrative or governmental or regulatory body appointing them] dated [insert date];

    together referred to as the Insolvency Representatives; and

  1. 3

    [insert name of debtor company(ies)] a company incorporated in [insert country] under number [insert registered number] whose registered office is at [insert address]; and

  1. 4

    [the Creditors' Committee whose contact details are set out in Schedule 1; and]

  1. 5

    [the Major Creditors as set out in Schedule 2]

Recitals

    1. (A)

      the Debtor Companies operate through various subsidiaries and affiliates in [list countries in which they operate.]

    1. (B)

      [list companies incorporated in country A] in [insert name of country A] have each commenced/had commenced against

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