reorganisation measures means measures which involve any intervention by administrative or judicial authorities which are intended to preserve or restore the financial situation and which affect pre-existing rights of third parties, including but not limited to measures involving a suspension of payments, suspension of enforcement measures or reduction of claims;
reorganisation measures means measures involving any intervention by administrative bodies or judicial authorities which are intended to preserve or restore the financial situation of an insurance undertaking and which affect pre-existing rights of parties other than the insurance undertaking itself, including but not limited to measures involving the possibility of a suspension of payments, suspension of enforcement measures or reduction of claims;
reorganisation measures means measures which are intended to preserve or restore the financial situation of a bank and which could affect third parties' pre-existing rights, including measures involving the possibility of a suspension of payments, suspension of enforcement measures or reduction of claims;
More Definitions of reorganisation measures
reorganisation measures means measures intended to preserve or restore the financial situation of an institution which could affect third parties' pre-existing rights, including measures involving the possible suspension of payments, suspension of enforcement measures or reduction in claims,
reorganisation measures means reorganisation measures as defined in Article 2 of Directive 2001/24/EC on the reorganisation and winding up of credit institutions;
reorganisation measures means measures involving an intervention by the administrative or judicial authorities with a view to preserving or restoring a financial situation and which affect pre-existing rights of third parties, including measures involving a moratorium, suspension of payments (sursis de paiement), controlled management (gestion contrôlée), composition with creditors (concordat préventif de faillite), suspension of enforcement measures, reorganisation or reduction of claims, the appointment of a temporary administrator (administrateur provisoire) and any similar Luxembourg or foreign proceedings affecting the rights of creditors generally.
reorganisation measures means measures which are intended to preserve or restore the financial situation of a credit institution or an investment firm as defined in Article 4(1), point (2) of Regulation (EU) No 575/2013 and which could affect third parties’ pre-existing rights, including measures involving the possibility of a suspension of payments, suspension of enforcement measures or reduction of claims. Those measures include, where applicable, the application of the resolution tools and the exercise of resolution powers provided for in Directive 2014/59/EU;
reorganisation measures means measures which are intended to preserve or restore the financial situation of a credit institution or an investment firm as defined in article 4(1), point
reorganisation measures means measures which are intended to preserve or restore the financial situa- tion of an institution and which could affect third parties’ pre-existing rights, including measures involving the possibility of the suspension of payments, suspension of enforcement measures or reduction in claims,
reorganisation measures means Debt Settlement Proceedings, Debt Restructuring Proceedings and Resolution.