Termination of German insolvency proceedings in favor of English proceedings

502 IN 126/03Court of First InstanceMar 12, 2004Insolvency lawGranted

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Extracted by Omnilex

Omnilex summary

English insolvency administrator X appealed the Düsseldorf District Court's 10 July 2003 order opening insolvency proceedings over the debtor's assets. The court terminated those proceedings in favor of the proceedings opened before the High Court of Justice in Leeds on 16 May 2003, under Art. 102 § 4(1), first sentence, EGInsO. X had also applied on 8 March 2004 to open secondary insolvency proceedings over the debtor's assets; the court states that these were opened by a separate order under Art. 3(2) EU Insolvency Regulation.

Omnilex headnote

Art. 102 § 4 Abs. 1 Satz 1 EGInsO; termination of domestic insolvency proceedings in favor of proceedings opened in another Member State. Where the statutory conditions are met, the domestic proceedings are to be terminated in favor of the earlier foreign main proceedings. The termination does not preclude opening secondary insolvency proceedings under Art. 3 Abs. 2 EUInsVO; that question is resolved separately.

Full text

Amtsgericht Düsseldorf — 502 IN 126/03 — Beschluss

Entscheidungsdatum: 2004-03-12

Aktenzeichen: 502 IN 126/03

ECLI: ECLI:DE:AGD:2004:0312.502IN126.03.00

Dokumenttyp: Beschluss

Spruchkörper: Richter

Tenor

wird auf die Beschwerde des englischen Insolvenzverwalters X vom 23.07.2003 gegen den Eröffnungsbeschluß vom 10.07.2003 das Insolvenzverfahren gemäß Art. 102 § 4 Abs. 1 Satz 1 EGInsO zugunsten der Verfahrenseröffnung vom 16.05.2003 vor dem High Court of Justice in Leeds (Az.: No 861-867/03) eingestellt.

Auf den am 08.03.2004 gestellten Antrag des englischen Insolvenzverwalters X wird mit separatem Beschluss gemäß Art. 3 Abs. 2 EUInsVO über das Vermögen der Schuldnerin das Sekundärinsolvenzverfahren eröffnet.

Keywords

cross-border insolvencymain proceedingssecondary proceedingstermination of proceedings

Key legal questions extracted by Omnilex

Whether the German insolvency proceedings should be terminated in favor of the insolvency proceedings opened in Leeds.

The German insolvency proceedings were terminated in favor of the Leeds proceedings.

The court applied Art. 102 § 4(1), first sentence, EGInsO in light of the prior opening of proceedings before the High Court of Justice in Leeds.

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