Examples of using A foreign representative in English and their translations into Arabic
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Colloquial
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Political
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Ecclesiastic
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Ecclesiastic
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Computer
Section 1509 imposes recognition of a foreign representative as a condition to further rights and duties of the foreign representative, which include making an application under article 11 to commence local proceedings and participation in proceedings concerning the debtor under article 12.
Regarding the administration of assets, as had been pointed out, concern about uncontrolled power granted to a foreign representative was met by the fact that the administration could be entrusted to some other person designated by the court.
The CHAIRMAN said that a number of issues had emerged at the previous meeting. One question was whether in principle, a foreign representative in a main proceeding should be accorded relief greater than that available to him in his own country.
Mr. ABASCAL(Mexico), replying to the question raised by the representative of the Islamic Republic of Iran, said that in his country a foreign representative would be able to seek a declaration of insolvency prior to recognition of the foreign proceeding.
It indicated, however, that there might be instances where a foreign representative remained in place for an extended period, and relocated all of the primary business activities of the debtor to his location(or brought business to a halt), thereby causing creditors and other parties to look to the judicial manager as the location of the debtor ' s business.
Armenia referred to articles 61(punishment for a terrorist act) and 62(punishment for a terrorist act against a foreign representative) of its criminal code, under which only those acts against statesmen, public figures and representatives of foreign States aimed at undermining State authorities or provoking war or international tension are regarded as terrorist acts.
That is one of the reasons why the court may grant relief on such conditions as it considers appropriate. Either a foreign representative or a person affected by relief may apply to modify
It noted that 11 U.S.C. § 305(b) permitted a foreign representative to seek dismissal or suspension of an involuntary proceeding, if the application under 11 U.S.C. § 1515[Art. 15 MLCBI] for recognition had been granted and the purposes of Chapter 15 would be best served by it.
Because neither section precluded a foreign representative from bringing an avoidance action under foreign law, the court concluded that it did not necessarily
Also, it would not be logical to allow a foreign representative not yet recognized as such in the enacting State to request the opening of local proceedings under article 9, while at the same time requiring prior recognition
modifying relief granted to a foreign representative of a non-main proceeding,
It was observed that it was important for a court that received an application from a foreign representative to consider issues such as the standing of the foreign representative making the application within the corporate group,
body administering a reorganization or liquidation under the law of the enacting State] to provide additional assistance to a foreign representative under other laws of this State.
In Bear Stearns, the appellate court affirmed the lower court ' s decision that the burden lay on a foreign representative to rebut the presumption and that the court had a duty, independently, to determine whether that had been done, irrespective of whether party opposition was or was not present.
body administering a reorganization or liquidation under the law of the enacting State] to provide additional assistance to a foreign representative under other laws of this State.
The appellate court affirmed the lower court ' s decision that the burden lay on a foreign representative to rebut the presumption and that the court had a duty to determine independently whether that had been done, irrespective of whether party opposition was or was not present.
reorganization under the law of the enacting State] or a foreign representative.
subparagraph 1(d) MLCBI was intended to set a common minimum standard so that a foreign representative was able to seek relief under that subparagraph regardless of whether a locally appointed insolvency representative would be entitled to that relief under local law.
The United States court noted that, in deciding whether to grant a foreign representative post-recognition relief additional to that automatically available under section 1520 of Chapter 15[article 20 MLCBI], the court was to be generally guided by principles of comity and cooperation with foreign courts.
1523[Arts. 21 and 23 MLCBI] limit the powers of a foreign representative to bring an avoidance action under United States law only, but do not constrain powers under foreign avoidance laws.
