Article 165 - Decision to recognise a non-QFC proceeding

(1) Subject to Article 155, a non-QFC proceeding shall be recognised if:
(A) the non-QFC proceeding is a proceeding within the meaning of Article 151(1);
(B) the non-QFC representative applying for recognition is a person or body within the meaning of Article 151(4);
(C) the application meets the requirements of Article 163(2); and
(D) the application has been submitted to the QFC Court.
(2) The non-QFC proceeding shall be recognised:
(A) as a non-QFC main proceeding if it is taking place in the state where the Company has the centre of its main interests; or
(B) as a non-QFC non-main proceeding if the Company has an establishment within the meaning of Article 151(5) outside the QFC.
(3) An application for recognition of a non-QFC proceeding shall be decided upon at the earliest possible time.
(4) The provisions of Articles 163, 164, 165 and 166 do not prevent modification or termination of recognition if it is shown that the grounds for granting it were fully or partially lacking or have ceased to exist.