Article 179 - Rule of payment in concurrent proceedings

Without prejudice to secured claims or rights in rem, a creditor who has received part payment in respect of its claim in a proceeding pursuant to a law relating to insolvency outside the QFC may not receive a payment for the same claim in a proceeding under these Regulations regarding the same Company, if and for so long as the payment to the other creditors of the same class is proportionately less than the payment the creditor has already received.