Article 176 - Coordination of a proceeding under these Regulations and a non-QFC proceeding
Where a non-
(1) when the proceeding in the
QFC is taking place at the time the application for recognition of the non- QFC proceeding is filed, any relief granted under Article 167 or 168 must be consistent with the proceeding in the QFC;
(2) when the proceeding in the
QFC commences after recognition, or after the filing of the application for recognition, of the non- QFC proceeding, any relief in effect under Article 167 or 168 shall be reviewed by the QFC Court and shall be modified or terminated if inconsistent with the proceeding in the QFC; and
(3) in granting, extending or modifying relief granted 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.