Centre of Main Interest definition

Centre of Main Interest has the meaning given to it: in Article 3(1) (i) of the EU Insolvency Regulation and (ii) in the EU Insolvency Regulation as it forms part of domestic law of the United Kingdom by virtue of the EUWA and as amended by the Insolvency (Amendment) (EU Exit) Regulations 2019 (SI 2019/146) and Insolvency (Amendment) (EU Exit) Regulations 2020) (SI 2020/647).
Centre of Main Interest means “centre of main interest” as that term is used in Article 3(1) of the Insolvency Regulation.
Centre of Main Interest has the meaning given to it in the EC Council Regulation of 29 May 2000 on insolvency proceedings (1346/2000/EC);

Examples of Centre of Main Interest in a sentence

  • For the purposes of Regulation EU 2015/848 of 20 May 2015 on insolvency proceedings (recast) (the “COMI Regulation”), the Centre of Main Interest (as that term is used in Article 3(1) of the COMI Regulation) of each UK Loan Party is situated in England and Wales and it has no “establishment” (as that term is used in Article 2(h) of the COMI Regulation) in any other jurisdiction.

  • This second part also covers the so called “forum shopping” that occurs when company move their COMI (Centre of Main Interest) amongst different countries to benefit from the special features of the local bankruptcy.

  • Centre of Main Interest The Issuer has its registered office in Cyprus.

  • Centre of Main Interest: Take all steps to ensure that its centre of main interest, remain in the United Kingdom and it does not have any establishment outside the United Kingdom.Conditions Binding: Comply with, perform and observe all of the provisions of the Deed of Change.

  • To illustrate, according to World Bank data, an insolvency process in Greece takes 3.5 years on average, compared to only five months in Ireland.of more efficient restructuring procedures in other member states through a shift in Centre of Main Interest (COMI).

  • Centre of Main Interest .................................................................................

  • If the Client’s centre of main interest as envisaged by the Regulation is not located in the European Union, representations as per Article 12 (Client’s Centre of Main Interest) shall not apply.

  • Cross-border issues 14.1 There is no discussion in the Consultation about the cross-border impact of the proposals were they to be implemented, other than a short reference to how petitioning creditors and the Adjudicator should go about the often very difficult and technical task of ascertaining where a debtor’s Centre of Main Interest is29.

  • Centre of Main Interest: Take all steps to ensure that its centre of main interest and remain the United Kingdom and it does not have any establishment outside the United Kingdom.

  • Centre of Main Interest and Establishment ......................................................................


More Definitions of Centre of Main Interest

Centre of Main Interest means, with respect to any Person, such Person’s Centre of Main Interest for the purpose of the council regulation (EC) no. 1346/2000.
Centre of Main Interest means ‘centre of main interest’ as that term is used in Article 3(1) of Regulation (EU) No. 2015/848 of the European Parliament and of the Council of 20 May 2015 on Insolvency Proceedings (recast).
Centre of Main Interest means, in relation to the Borrower, the “centre of main interestsfor the purposes of Council Regulation (EC) No 1346/2000 of 29 May 2000 on insolvency proceedings of the Borrower;

Related to Centre of Main Interest

  • Centre of Main Interests has the meaning given to it in Article 3(1) of Council Regulation (EC) NO 1346/2000 of 29 May 2000 on Insolvency Proceedings.

  • Sanctioned Territory means a country or territory that is the subject of comprehensive economic Sanctions including, without limitation, Cuba, Iran, North Korea, Syria and the Crimea.

  • Primary state of residence means the state of a person’s declared fixed permanent and principal home for legal purposes; domicile.

  • Registered Office means the registered office for the time being of the Company.

  • Geographic Region means large areas where similar combinations of climate, geomorphology, and potential natural vegetation occur, established for the purposes of implementing the water protection rules.

  • Geographic Territory means the United States of America, including all of its territories and possessions, unless otherwise specified.

  • primary insolvency jurisdiction means the Contracting State in which the centre of the debtor’s main interests is situated, which for this purpose shall be deemed to be the place of the debtor’s statutory seat or, if there is none, the place where the debtor is incorporated or formed, unless proved otherwise;

  • Regular place of business means an office at which the taxpayer carries on its business in a regular and systematic manner and which is continuously maintained, occupied and used by employees of the taxpayer.

  • Restricted Territories means: (i) Cuba, Sudan, Iran, North Korea, Syria and the territory of Crimea / Sevastopol; and (ii) any other country or territory that is subject to sanctions by the United Kingdom, the European Union, the U.S, United Nations or elsewhere.

  • Minister for Lands means the Minister in the Government of the State for the time being responsible (under whatsoever designation style or title) for the administration of the Land Xxx 0000 and includes the successors in office of that Minister;

  • Place of business means any bona fide office (other than a mere statutory office), factory, warehouse or other space which is occupied and used by the taxpayer in carrying on any business activity individually or through one or more of his regular employees regularly in attendance.

  • the Territory means the sub-Saharan Continent, south of the 15N latitude.

  • Principal place of business means the head office or registered office of the organisation within which the principal financial functions and operational control of the activities referred to in this Regulation are exercised;

  • of a Person shall mean: (i) any other Person directly, or indirectly through one or more intermediaries, controlling, controlled by or under common control with such Person; (ii) any officer, director, partner, employer, or direct or indirect beneficial owner of any 10% or greater equity or voting interest of such Person; or (iii) any other Person for which a Person described in clause (ii) acts in any such capacity.

  • Territory means worldwide.

  • Restricted Territory means any state, county, or locality in the United States in which the Company conducts business and any other country, city, state, jurisdiction, or territory in which the Company does business.

  • associated country means a third country which is party to an international agreement with the Community, under the terms or on the basis of which it makes a financial contribution to all or part of the Seventh Framework Programme;

  • Relevant Territory means Hong Kong or such other territory as the Directors may from time to time decide if the issued ordinary share capital of the Company is listed on a stock exchange in such territory;

  • Established place of business means the place actually occupied either continuously or at regular periods by a dealer or manufacturer where the books and records are kept and the dealer’s or manufacturer’s business is primarily transacted.

  • Place of manufacture means the place where an end product is assembled out of components, or otherwise made or processed from raw materials into the finished product that is to be provided to the Government. If a product is disassembled and reassembled, the place of reassembly is not the place of manufacture.

  • Resident means a person who has maintained his permanent home in the above defined geographical area for a period of not less than one year or who, having had a permanent home in this area, has temporarily left with the intention of returning to this area as his permanent home.

  • designated foreign jurisdiction means Australia, France, Germany, Hong Kong, Italy, Japan, Mexico, the Netherlands, New Zealand, Singapore, South Africa, Spain, Sweden, Switzerland or the United Kingdom of Great Britain and Northern Ireland;

  • organised trading facility or ‘OTF’ means a multilateral system which is not a regulated market or an MTF and in which multiple third-party buying and selling interests in bonds, structured finance products, emission allowances or derivatives are able to interact in the system in a way that results in a contract in accordance with Title II of this Directive;

  • main establishment means: (a) as regards a controller with establishments in more than one Member State, the place of its central administration in the Union, unless the decisions on the purposes and means of the processing of personal data are taken in another establishment of the controller in the Union and the latter establishment has the power to have such decisions implemented, in which case the establishment having taken such decisions is to be considered to be the main establishment; (b) as regards a processor with establishments in more than one Member State, the place of its central administration in the Union, or, if the processor has no central administration in the Union, the establishment of the processor in the Union where the main processing activities in the context of the activities of an establishment of the processor take place to the extent that the processor is subject to specific obligations under this Regulation;

  • Deputy Minister means the Deputy Minister of the Ministry.

  • Harbour Master means the ABP Harbour Master or Dock Master for the Port (as appropriate) or their authorised representative;