Article 168 - Relief that may be granted upon recognition of a non-QFC proceeding
(1) Upon recognition of a non-
QFC proceeding, whether main or non-main, where necessary to protect the assets of the Company or the interests of the creditors, the QFC Court may, at the request of the non- QFC representative, grant any appropriate relief, including:
(A) staying the commencement or continuation of individual actions or individual proceedings concerning the
Company's assets, rights, obligations or liabilities;
(B) staying execution against the
Company's assets to the extent it has not been stayed;
(C) suspending the right to transfer, encumber or otherwise dispose of any assets of the
(D) providing for the examination of witnesses, the taking of evidence or the delivery of information concerning the
Company's assets, affairs, rights, obligations or liabilities;
(E) entrusting the administration or realisation of all or part of the
Company's assets located in the QFC to the non- QFC representative or another person designated by the QFC Court;
(F) extending relief granted under Article 167(1); and
(G) granting any additional relief that may be available to an
Administrator, Supervisor or Liquidator under the laws of the QFC.
(2) Upon recognition of a non-
QFC proceeding, whether main or non-main, the QFC Court may, at the request of the non- QFC representative, entrust the distribution of all or part of the Company's assets located in the QFC to the non- QFC representative or another person designated by the QFC Court, provided that the QFC Court is satisfied that the interests of creditors in the QFC are adequately protected.
(3) In granting relief under this Article to a representative of a non-
QFC non-main proceeding, the QFC Court must be satisfied that the relief relates to assets that, under these Regulations, should be administered in the non- QFC non-main proceeding or concerns information required in that proceeding.