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Part 12 · International insolvency law  ›  Division 3 · Territorial insolvency proceedings relating to domestic assets › Section 356

Secondary insolvency proceedings

(1) Recognition of foreign main insolvency proceedings does not rule out secondary insolvency proceedings relating to domestic assets. Sections 357 and 358 apply in addition to the secondary insolvency proceedings.

(2) The foreign insolvency administrator is also entitled to open the secondary insolvency proceedings.

(3) The proceedings are opened without the need to determine a reason for such opening.

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