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Part 12 · International insolvency law  ›  Division 3 · Territorial insolvency proceedings relating to domestic assets › Section 357

Cooperation between insolvency administrators

(1) The insolvency administrator is to inform the foreign administrator without delay of all circumstances which may be significant in relation to the implementation of the foreign proceedings. The insolvency administrator is to afford the foreign administrator the opportunity to submit proposals for the realisation or other use of the domestic assets.

(2) The foreign administrator is entitled to attend the creditors’ assemblies.

(3) An insolvency plan is to be forwarded to the foreign administrator for comment. The foreign administrator is entitled to submit an own plan. Section 218 (1) sentences 2 and 3 applies accordingly.

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