Article 151 - Definitions

For the purposes of this Part:

(1) "non-QFC proceeding" means a collective judicial or administrative proceeding outside the QFC, including an interim proceeding, pursuant to a law relating to insolvency in which proceeding the assets and affairs of the company are subject to control or supervision by a court, for the purpose of reorganisation, administration or liquidation;
(2) "non-QFC main proceeding" means a non-QFC proceeding taking place in the state where the company has its centre of main interests;
(3) "non-QFC non-main proceeding" means a non-QFC proceeding, other than a non-QFC main proceeding, taking place in a state where the company has an establishment within the meaning of Article 151(5);
(4) "non-QFC representative" means a person or body, including one appointed on an interim basis, authorised in a non-QFC proceeding to administer the reorganisation or the liquidation of the company's assets or affairs or to act as a representative of the non-QFC proceeding;
(5) "establishment" means any place of operations where the company carries out a non-transitory economic activity with human means and goods or services; and
(6) "centre of main interests" means, subject to Article 164(2) the place where the company conducts the administration of its interests on a regular basis and is therefore ascertainable by third parties.