Corporations Law Rules 2000

Cross‑Border Insolvency Act, has the same meaning in this

Division as it has in the Cross‑Border Insolvency Act.

Note

The following expressions used in this Division (including in the notes to this Division) are defined in the Model Law as having the following meanings:

establishment means any place of operations where the debtor carries out a non‑transitory economic activity with human means and goods or services.

foreign court means a judicial or other authority competent to control or supervise a foreign proceeding.

foreign main proceeding

means a foreign proceeding taking place in the State where the debtor has the centre of its main interests.

foreign non‑main proceeding means a foreign proceeding, other than a foreign main proceeding, taking place in a State where the debtor has an establishment within the meaning of subparagraph (f) of the present article.

foreign proceeding means a collective judicial or administrative proceeding in a foreign

State, including an interim proceeding, pursuant to a law relating to insolvency in which proceeding the assets and affairs of the debtor are subject to control or supervision by a foreign court, for the purpose of reorganization or liquidation.

foreign representative

means a person or body, including one appointed on an interim basis, authorized in a foreign proceeding to administer the reorganization or the liquidation of the debtor’s assets or affairs or to act as a representative of the foreign proceeding.