Article 32 | CIWUD | Directive 2001/24/EC

Updated 05/02/2025

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Article 32 - Directive 2001/24/EC (CIWUD)

Article 32

Lawsuits pending

The effects of reorganisation measures or winding-up proceedings on a pending lawsuit concerning an asset or a right of which the credit institution has been divested shall be governed solely by the law of the Member State in which the lawsuit is pending.

Recitals

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

TITLE II - REORGANISATION MEASURES (Article 3-8)

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

TITLE IV - PROVISIONS COMMON TO REORGANISATION MEASURES AND WINDING-UP PROCEEDINGS (Article 20-33)Article 20 - Effects on certain contracts and rights Article 21 - Third parties' rights in re Article 22 - Reservation of title Article 23 - Set-off Article 24 - Lex rei sitae Article 25 - Netting agreements Article 26 - Repurchase agreements Article 27 - Regulated markets Article 28 - Proof of liquidators' appointment Article 29 - Registration in a public register Article 30 - Detrimental acts Article 31 - Protection of third parties Article 32 - Lawsuits pending Article 33 - Professional secrecy

TITLE V - FINAL PROVISIONS (Article 34-36)

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Article 32 - Directive 2001/24/EC (CIWUD)

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