Nordic Treaty Countries Sample Clauses

Nordic Treaty Countries. There are certain conventions which are applied in parallel with the Insolvency Regulation due to restrictions set forth by the Insolvency Regulation. Since Iceland and Norway are not members of the EU and the Insolvency Regulation is not applicable to Denmark, the Nordic Treaty on Bankruptcy is still applicable if one of the parties is organized and domiciled in Iceland, Norway or Denmark. As between Finland and Sweden, the Insolvency Regulation has replaced the Nordic Treaty. Hence, the legal effects in Finland relating to commencement of insolvency proceedings of an entity organised in a foreign country vary on the basis whether or not the entity is organised and domiciled within the EU or within certain Nordic Countries (namely, Iceland, Norway and Denmark, below, 9 However, Finnish law would determine the grounds for voidness, voidability or recovery (claw-back) of such arrangements. together with Finland each a “Nordic Treaty Country” and together the “Nordic Treaty Countries”). By virtue of the Nordic Treaty on Bankruptcy with the Nordic Treaty Countries in respect of reciprocal recognition of bankruptcy proceedings commenced in another Nordic Treaty Country (the treaty dated 7 November 1933, implemented in Finland by the Act 18 May 1934/333, the “Nordic Treaty”), bankruptcy declared in Finland on the basis of the bankrupt entity’s domicile in Finland will also comprise assets which the bankrupt entity or its branch office has in the other Nordic Treaty Countries. Following the commencement of the proceedings in Finland such assets may normally not be subject to a separate insolvency proceedings in another Nordic Treaty Country (i.e. the country where the assets are located). The Nordic Treaty does not include unified regulations on international jurisdiction. The Nordic Treaty also does not define the concept of a domicile. Thus, to this extent, each Nordic Treaty Country applies the national grounds for determining jurisdiction, usually by applying the conventional definition for a domicile found in international procedural law. The Finnish Bankruptcy Act determines a domicile within the facts and circumstances of the debtor’s centre of main interest. Under the Nordic Treaty, the insolvency laws of lex fori will generally apply as to dispositions of assets of the bankrupt entity, avoidance rules, rules for priority and distributions. Consequently, in the event that bankruptcy is commenced in Finland against a Finnish entity, the Bankruptcy Act wil...
Sample 1
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Nordic Treaty Countries. There are certain conventions which are applied in parallel with the Insolvency Regulation due to restrictions set forth by the Insolvency Regulation. Since Iceland and Norway are not members of the EU and the Insolvency Regulation is not applicable to Denmark, the Nordic Treaty on Bankruptcy is still applicable if one of the parties is organized and domiciled in Iceland, Norway or Denmark. As between Finland and Sweden, the Insolvency Regulation has replaced the Nordic Treaty. Hence, the legal effects in Finland relating to commencement of insolvency proceedings of an entity organised in a foreign country vary on the basis whether or not the entity is organised and domiciled within the EU or within certain Nordic Countries (namely, Iceland, Norway and Denmark, below, 8 Unless such arrangements are subject to resolution measures; see below.
Sample 1

Related to Nordic Treaty Countries

  • Most-Favoured-Nation Treatment 1. Each Party shall accord to investors of the other Party treatment no less favourable than that it accords, in like circumstances, to investors of any third State with respect to the establishment, acquisition, expansion, management, conduct, operation, and sale or other disposition of investments in its territory. 2. Each Party shall accord to investments of investors of the other Party treatment no less favourable than that it accords, in like circumstances, to investments in its territory of investors of any third State with respect to the establishment, acquisition, expansion, management, conduct, operation, and sale or other disposition of investments (13). 3. Notwithstanding paragraphs 1 and 2, the Parties reserve the right to adopt or maintain any measure that accords differential treatment: (a) to socially or economically disadvantaged minorities and ethnic groups (14); or (b) involving cultural industries related to the production of books, magazines, periodical publications, or printed or electronic newspapers and music scores. 4. The treatment and protection as mentioned in paragraphs 1 to 2 of this Article shall not include any preferential treament accorded by the other Party to investments of investors of any third State based on free trade agreement, free trade zone, custom union, economic union, or agreement relating to avoidance of double taxation or for facilitating frontier trade.

  • National Treatment and Most Favoured Nation 1. For all matters relating to the treatment of investments of investors of either Contracting Party shall enjoy, in the territory of the other party, of national treatment and most-favoured-nation treatment.

  • National Treatment and Most-favoured-nation Treatment (1) Each Contracting Party shall accord to investments of investors of the other Contracting Party, treatment which shall not be less favourable than that accorded either to investments of its own or investments of investors of any third State.

  • National and Most-favoured-nation Treatment 1. Each Contracting Party shall in its territory accord investments and returns of investors of the other Contracting Party treatment which is fair and equitable and not less favourable than that which it accords to investments and returns of its own investors or to investments and returns of investors of any third State whichever is more favourable.

  • Iran, Sudan and Foreign Terrorist Organizations The Dissemination Agent and the Administrator represent that neither the Dissemination Agent, the Administrator nor any parent company, wholly- or majority-owned subsidiaries, and other affiliates of the Dissemination Agent or the Administrator is a company identified on a list prepared and maintained by the Texas Comptroller of Public Accounts under Section 2252.153 or Section 2270.0201, Texas Government Code, and posted on any of the following pages of such officer’s internet website: xxxxx://xxxxxxxxxxx.xxxxx.xxx/purchasing/docs/sudan-list.pdf, xxxxx://xxxxxxxxxxx.xxxxx.xxx/purchasing/docs/iran-list.pdf, or xxxxx://xxxxxxxxxxx.xxxxx.xxx/purchasing/docs/fto-list.pdf. The foregoing representation is made solely to enable the Issuer to comply with Section 2252.152, Texas Government Code, and to the extent such Section does not contravene applicable Federal or State law and excludes the Dissemination Agent, the Administrator and each parent company, wholly- or majority-owned subsidiaries, and other affiliates of the Dissemination Agent or the Administrator, if any, that the United States government has affirmatively declared to be excluded from its federal sanctions regime relating to Sudan or Iran or any federal sanctions regime relating to a foreign terrorist organization.

  • CFR PART 200 Procurement of Recovered Materials A non-Federal entity that is a state agency or agency of a political subdivision of a state and its contractors must comply with section 6002 of the Solid Waste Disposal Act, as amended by the Resource Conservation and Recovery Act. The requirements of Section 6002 include procuring only items designated in guidelines of the Environmental Protection Agency (EPA) at 40 CFR part 247 that contain the highest percentage of recovered materials practicable, consistent with maintaining a satisfactory level of competition, where the purchase price of the item exceeds $10,000 or the value of the quantity acquired during the preceding fiscal year exceeded $10,000; procuring solid waste management services in a manner that maximizes energy and resource recovery; and establishing an affirmative procurement program for procurement of recovered materials identified in the EPA guidelines. Does vendor certify that it is in compliance with the Solid Waste Disposal Act as described above? Yes

  • Foreign Terrorist Organizations Contractor represents and warrants that it is not engaged in business with Iran, Sudan, or a foreign terrorist organization, as prohibited by Section 2252.152 of the Texas Government Code.

  • National Treatment and Most-favoured-nation Provisions (1) Neither Contracting Party shall in its territory subject investments or returns of nationals or companies of the other Contracting Party to treatment less favourable than that which it accords to investments or returns of its own nationals or companies or to investments or returns of nationals or companies of any third State.

  • Special and Differential Treatment for the Newer Asean Member States In order to increase the benefits of this Agreement for the newer ASEAN Member States, and in accordance with the objectives and principles set out in the Preamble and Articles 1 (Objective) and 2 (Guiding Principles), Member States recognise the importance of according special and differential treatment to the newer ASEAN Member States, through:

  • Particular Methods of Procurement of Goods Works and Services (other than Consultants’ Services)

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