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Home Private International Law Insolvency Regulation (recast)

Chapter V · INSOLVENCY PROCEEDINGS OF MEMBERS OF A GROUP OF COMPANIES  ›  Section 2 · Coordination › Article 70

Recommendations and group coordination plan

1.   When conducting their insolvency proceedings, insolvency practitioners shall consider the recommendations of the coordinator and the content of the group coordination plan referred to in Article 72(1).

2.   An insolvency practitioner shall not be obliged to follow in whole or in part the coordinator's recommendations or the group coordination plan.

If it does not follow the coordinator's recommendations or the group coordination plan, it shall give reasons for not doing so to the persons or bodies that it is to report to under its national law, and to the coordinator.

Subsection 2

General provisions

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