Until such time as common rules for the Member States in the field of bankruptcy enter into force, the effects vis-à-vis third parties of bankruptcy or similar proceedings shall be governed by the law of the Member State in which such proceedings are first brought within the meaning of national law or of conventions applicable in this field.
4 Go dtí go dtiocfaidh comhrialacha do na Ballstáit i réimse na féimheachta i bhfeidhm, beidh éifeachtaí imeachtaí féimheachta nó imeachtaí cosúla i leith tríú páirtithe á rialú faoi dhlí an Bhallstáit ina ndéantar imeachtaí den sórt sin a thionscnamh ar dtús de réir bhrí an dlí náisiúnta nó na gcoinbhinsiún is infheidhme sa réimse sin.