Negative Certificate definition
Examples of Negative Certificate in a sentence
The Negative Certificate does not indicate whether a Judicial Decision has been taken or a Judicial Proceeding has been opened.
According to the Negative Certificate, no Judicial Decision opening Judicial Proceedings (including in particular bankruptcy (faillite), controlled management (gestion contrôlée), suspension of payments (sursis de paiement), arrangement with creditors (concordat préventif de la faillite) and judicial liquidation (liquidation judiciaire) proceedings) against the Luxembourg Obligor has been registered with the RCS on the date stated therein.
As a consequence the Negative Certificate is not conclusive as to the opening and existence or not of Judicial Decisions or Judicial Proceedings and should not be relied upon as such.