1.

An insolvency practitioner appointed in insolvency proceedings opened in respect of a member of a group of companies may, to the extent appropriate to facilitate the effective administration of the proceedings: be heard in any of the proceedings opened in respect of any other member of the same group; request a stay of any measure related to the realisation of the assets in the proceedings opened with respect to any other member of the same group, provided that: a restructuring plan for all or some members of the group for which insolvency proceedings have been opened has been proposed under point (c) of Article 56(2) and presents a reasonable chance of success; such a stay is necessary in order to ensure the proper implementation of the restructuring plan; the restructuring plan would be to the benefit of the creditors in the proceedings for which the stay is requested; and neither the insolvency proceedings in which the insolvency practitioner referred to in paragraph 1 of this Article has been appointed nor the proceedings in respect of which the stay is requested are subject to coordination under Section 2 of this Chapter; apply for the opening of group coordination proceedings in accordance with Article 61.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-31 · Text as adopted (Official Journal); later amendments are not incorporated in this text.