S.L. 371.12 · Credit Institutions (Reorganisation And (S.L. 371.12)
S.L. 371.12 Art. 30Proof of liquidators’ appointment.
PART III – PROVISIONS COMMON TO REORGANISATION
(1) The administrator or liquidator’s appointment shall be evidenced by a certified copy of the original decision appointing him or her or by any other certificate issued by the administrative or judicial authority of the home State attesting to the due appointment of the administrator or liquidator.
(2) A translation into the official language or one of the official languages of the Member State or EEA State within the territory of which the administrator or liquidator wishes to act may be required. No legislation or other similar formality shall be required.
(3) Administrators and liquidators shall be entitled to exercise within the territory of any Member State or EEA State all the powers which they are entitled to exercise within the territory of the home State. They may also appoint persons to assist or, where appropriate, represent them in the course of the reorganisation measure or winding-up proceedings, in particular in host States and, specifically in order to help overcome any difficulties encountered by creditors in the host State.
(4) In exercising their powers, administrators and liquidators shall comply with the law of the Member State or EEA State within the territory of which they wish to take action, in particular with regard to procedures for the realisation of assets and the provision of information to employees. Those powers may not include the use of force or the right to rule on legal proceedings or disputes.