Australian Capital Territory Numbered Regulations

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COURT PROCEDURES AMENDMENT RULES 2017 (NO 3) (NO 17 OF 2017) - REG 45

Schedule 6, part 6.15A, new rule 15A.2 (3) and 15A.2 (4)

insert

    (3)     In this part:

"concurrent proceedings"—see rule 15A.10 (1) (a).

"coordination agreement "means an agreement governing a form of cooperation mentioned in rule 15A.10 (1).

foreign party participation see rule 15A.10 (1) (c).

"Global Guidelines" means the Global Guidelines for Court-to-Court Communications in International Insolvency Cases published by the American Law Institute and the International Insolvency Institute, as in force from time to time.

"Global Principles" means the Global Principles for cooperation in International Insolvency Cases published by the American Law Institute and the International Insolvency Institute, as in force from time to time.

"local proceeding" means a proceeding under the Corporations Act

, chapter 5 (other than part 5.2 and part 5.4A) or section 601CL.

"service list" means a service list established under the Global Guidelines, guideline 13.

    (4)     The Legislation Act

, section 47 (3) and (6) do not apply to the Global Guidelines and the Global Principles.

Note 1     The Global Guidelines and the Global Principles do not need to be notified under the Legislation Act

because s 47 (6) does not apply (see Legislation Act

, s 47 (7)).

Note 2     The Global Guidelines are accessible at https://www.insol.org/

.

Note 3     The Global Principles are accessible at https://www.iiiglobal.org/sites/default/files/alireportmarch_0.pdf

.



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