Article 18 | CIWUD | Directive 2001/24/EC | judict

Updated 05/02/2025

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CIWUD Tool Credit Institutions Winding Up Directive (CIWUD)

Article 18

Article 18 - Directive 2001/24/EC (CIWUD)

Article 18

Regular provision of information to creditors

Liquidators shall keep creditors regularly informed, in an appropriate manner, particularly with regard to progress in the winding up.

B. Credit institutions the head offices of which are outside the Community

Table of contents

TITLE I - SCOPE AND DEFINITIONS (Article 1-2)

TITLE II - REORGANISATION MEASURES (Article 3-8)

TITLE III - WINDING-UP PROCEEDINGS (Article 9-19)

Credit institutions having their head offices within the Community (Article 9-18)Article 9 - Opening of winding-up proceedings — Information to be communicated to other competent authorities Article 10 - Law applicable Article 11 - Consultation of competent authorities before voluntary winding up Article 12 - Withdrawal of a credit institution's authorisation Article 13 - Publication Article 14 - Provision of information to known creditors Article 15 - Honouring of obligations Article 16 - Right to lodge claims Article 17 - Languages Article 18 - Regular provision of information to creditors

Credit institutions the head offices of which are outside the Community (Article 19)

TITLE IV - PROVISIONS COMMON TO REORGANISATION MEASURES AND WINDING-UP PROCEEDINGS (Article 20-33)

TITLE V - FINAL PROVISIONS (Article 34-36)