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Article 28. Commencement of a proceeding under the law of the Abu Dhabi Global Market after recognition of a foreign main proceeding

Past version: effective from 14/06/2015 - 13/06/2015
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After recognition of a foreign main proceeding, a proceeding under these Regulations may be commenced only if the debtor has assets in the Abu Dhabi Global Market; the effects of that proceeding shall be restricted to the assets of the debtor that are located in the Abu Dhabi Global Market and, to the extent necessary to implement cooperation and coordination under Articles 25, 26 and 27, to other assets of the debtor that, under the law of the Abu Dhabi Global Market, should be administered in that proceeding.