Branch
What is a branch office?
In the context of insolvency law, the concept of a place of business is relevant in relation to territorial jurisdiction within the country and, in the case of cross-border insolvencies, in relation to international jurisdiction. If the debtor does not operate a business within the country, and does not have a habitual residence there either, territorial jurisdiction is determined by the location of the branch. Within the scope of the EU Insolvency Act, apart from main insolvency proceedings, the opening of secondary insolvency proceedings is permitted only in those Member States in which the debtor has an establishment. A branch within the meaning of the EU Insolvency Act is any place of business where the debtor carries on an economic activity of a non-transitory nature which involves the deployment of staff and assets.
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