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  • Section 4: Section 4: Cooperation with Courts and non-QFC Representatives

    • Article 172 - Cooperation and direct communication between the QFC Court and courts or non-QFC representatives

      (1) In matters referred to in Article 150, the QFC Court shall cooperate to the maximum extent possible with courts or non-QFC representatives, either directly or through a suitably appointed intermediary.
      (2) The QFC Court is entitled to communicate directly with, or to request information or assistance directly from courts or non-QFC representatives.

    • Article 173 - Cooperation and direct communication between the Administrator or Liquidator and courts or non-QFC representatives

      (1) In matters referred to in Article 150, an Administrator, Supervisor or Liquidator shall, in the exercise of its functions and subject to the supervision of the QFC Court, cooperate to the maximum extent possible with courts or non-QFC representatives.
      (2) The Administrator, Supervisor or Liquidator is entitled, in the exercise of his functions and subject to the supervision of the QFC Court, to communicate directly with courts or non-QFC representatives.

    • Article 174 - Forms of cooperation

      Cooperation referred to in Articles 172 and 173 may be implemented by any appropriate means, including:

      (1) appointment of a person or body to act at the direction of the QFC Court;
      (2) communication of information by any means considered appropriate by the QFC Court;
      (3) coordination of the administration and supervision of the Company's assets and affairs;
      (4) approval or implementation by the QFC Court of agreements concerning the coordination of proceedings; or
      (5) coordination of concurrent proceedings regarding the same Company.