direct ec european parliament council march reorganis wind insur undertak european parliament council european union regard treati establish european commun articl thereof regard propos commiss regard opinion econom social committe act accord procedur laid articl treati council direct eec juli coordin law regul administr provis relat take pursuit busi direct insur life assur supplement direct eec council direct eec march coordin law regul administr provis relat take pursuit busi direct life assur supplement direct eec provid singl authoris insur undertak grant home member state supervisori author singl authoris insur undertak carri activ commun mean establish free provis servic authoris host member state sole prudenti supervis home member state supervisori author insur direct provid singl authoris commun scope insur undertak coordin rule event wind proceed insur undertak financi institut expressli exclud scope council regul ec insolv proceed interest proper function intern market protect creditor coordin rule establish commun level wind proceed respect insur undertak coordin rule establish ensur reorganis measur adopt compet author member state order preserv restor financi sound insur undertak prevent wind situat produc full effect commun reorganis measur cover direct affect pre exist right parti insur undertak measur provid articl direct eec articl direct eec includ scope direct provid compli condit contain definit reorganis measur direct commun scope affect insur undertak defin direct eec eec head offic commun commun branch insur undertak head offic countri creditor resid commun direct regul effect reorganis measur wind proceed vi vi countri direct concern wind proceed found insolv voluntari compulsori appli collect proceed defin home member state legisl accord articl involv realis asset insur undertak distribut proce wind proceed found insolv involv payment insur claim prioriti order accord articl includ scope direct claim employe insur undertak aris employ contract employ relationship capabl subrog nation wage guarante scheme subrog claim benefit treatment determin home member state law lex concursu principl direct provis direct appli case wind proceed adopt reorganis measur preclud open wind proceed wind proceed open absenc adopt reorganis measur termin composit analog measur includ reorganis measur definit branch accord exist insolv principl account singl legal person insur undertak home member state legisl determin asset liabil held independ person perman author act agent insur undertak treat wind insur undertak distinct made compet author purpos reorganis measur wind proceed supervisori author insur undertak compet author administr judici author depend member state legisl direct purport harmonis nation legisl alloc compet author direct seek harmonis nation legisl reorganis measur wind proceed aim ensur mutual recognit member state reorganis measur wind legisl insur undertak cooper mutual recognit implement direct principl uniti univers coordin public equival treatment protect insur creditor compet author home member state empow decis wind proceed insur undertak principl uniti proceed produc effect commun recognis member state asset liabil insur undertak gener rule consider wind proceed principl univers home member state law govern wind decis insur undertak wind proceed effect substant procedur person legal relat concern direct condit open conduct closur wind proceed gener govern home member state law order facilit applic direct includ exhaust list aspect subject gener rule home member state legisl supervisori author home member state member state inform matter urgenc open wind proceed principl coordin utmost import insur person polici holder beneficiari injur parti direct action insur undertak claim aris insur oper protect wind proceed protect includ claim aris oblig insur contract insur perat civil liabil caus agent negoti law applic insur contract oper agent respons insur contract oper order achiev object member state ensur special treatment insur creditor option method provid direct member state choos grant insur claim absolut preced claim respect asset repres technic provis grant insur claim special rank preced claim salari social secur tax right quot rem quot asset insur undertak method provid direct imped member state establish rank categori insur claim direct ensur balanc protect insur creditor privileg creditor protect member state legisl harmonis system privileg creditor exist member state option method treatment insur claim consid substanti equival method ensur affect asset repres technic provis insur claim method ensur insur claim posit rank creditor affect asset repres technic provis asset insur undertak member state order protect insur creditor opt method grant insur claim absolut preced respect asset repres technic provis requir insur undertak establish date special regist asset regist instrument identifi asset affect claim order strengthen equival method treatment insur claim direct oblig member state appli method set articl requir insur undertak repres moment independ wind claim method preced insur claim regist insur undertak account asset allow insur direct forc repres technic provis home member state provid right insur creditor subrog guarante scheme establish home member state claim scheme benefit treatment insur claim direct open wind proceed involv withdraw authoris conduct busi grant insur undertak authoris previous withdrawn decis open wind proceed produc effect commun principl univers public commun order protect interest parti decis publish accord home member state procedur offici journal european commun mean decid member state supervisori author respect territori addit public decis creditor resid commun individu inform decis inform element direct liquid creditor regularli inform progress wind proceed creditor lodg claim submit written observ wind proceed claim creditor resid member state home member state treat equival claim home member state discrimin ground nation resid principl equival treatment direct appli reorganis measur adopt compet author member state principl similar quot mutati mutandi quot provid wind proceed public reorganis measur limit case appeal home member state parti insur undertak reorganis measur affect exclus right sharehold member employe insur undertak consid capac compet author determin manner parti affect inform accord relev legisl direct coordin rule determin law applic reorganis measur wind proceed insur undertak direct seek establish rule privat intern law determin law applic contract legal relat direct seek govern applic rule exist contract right oblig parti evalu debt gener rule direct reorganis measur wind proceed govern law home member state seri except order protect legitim expect certainti transact member state home member state except concern effect reorganis measur wind proceed contract right parti right rem reserv titl set regul market detriment act parti purchas lawsuit pend except effect reorganis measur wind proceed contract right provid articl limit effect includ issu relat reorganis measur wind proceed lodg verif admiss rank claim contract right govern home member state legisl effect reorganis measur wind proceed lawsuit pend govern law member state lawsuit pend asset insur undertak divest except applic law home member state effect measur proceed individu enforc action aris lawsuit govern home member state legisl gener rule direct person requir receiv divulg inform connect procedur commun provid direct bound profession secreci manner establish articl direct eec articl direct eec except judici author specif nation legisl appli sole purpos appli provis direct reorganis measur wind proceed branch situat commun insur undertak head offic locat countri home member state defin member state branch locat supervisori author compet author author member state branch member state insur undertak head offic locat commun branch treat independ regard applic direct case compet author supervisori author administr liquid endeavour coordin action adopt direct titl scope definit articl scope direct appli reorganis measur wind proceed insur undertak direct appli extent provid articl reorganis measur wind proceed branch territori commun insur undertak head offic commun articl definit purpos direct quot insur undertak quot mean undertak receiv offici authoris accord articl direct eec articl direct eec quot branch quot mean perman presenc insur undertak territori member state home member state carri insur busi quot reorganis measur quot mean measur involv intervent administr bodi judici author intend preserv restor financi situat insur undertak affect pre exist right parti insur undertak includ limit measur involv possibl suspens payment suspens enforc measur reduct claim quot wind proceed quot mean collect proceed involv realis asset insur undertak distribut proce creditor sharehold member necessarili involv intervent administr judici author member state includ collect proceed termin composit analog measur found insolv voluntari compulsori quot home member state quot mean member state insur undertak authoris accord articl direct eec articl direct eec quot host member state quot mean member state home member state insur undertak branch quot compet author quot mean administr judici author member state compet purpos reorganis measur wind proceed quot supervisori author quot mean compet author mean articl direct eec articl direct eec quot administr quot mean person bodi appoint compet author purpos administ reorganis measur quot liquid quot mean person bodi appoint compet author govern bodi insur undertak purpos administ wind proceed quot insur claim quot mean amount ow insur undertak insur person polici holder beneficiari injur parti direct action insur undertak aris insur contract oper provid articl direct eec direct insur busi includ amount set aforement person element debt premium ow insur undertak result conclus cancel insur contract oper accord law applic contract oper open wind proceed consid insur claim titl ii reorganis measur articl scope titl appli reorganis measur defin articl articl adopt reorganis measur applic law compet author home member state entitl decid reorganis measur respect insur undertak includ branch member state reorganis measur preclud open wind proceed home member state reorganis measur govern law regul procedur applic home member state provid articl reorganis measur fulli effect commun accord legisl home member state formal includ parti member state legisl member state provid reorganis measur altern make implement subject condit fulfil reorganis measur effect commun effect member state articl inform supervisori author compet author home member state inform matter urgenc home member state supervisori author decis reorganis measur adopt measur fail immedi supervisori author home member state inform matter urgenc supervisori author member state decis adopt reorganis measur includ practic effect measur articl public appeal home member state reorganis measur compet author home member state administr person entitl home member state make public decis reorganis measur accord public procedur provid home member state publish offici journal european commun earliest opportun extract document establish reorganis measur supervisori author member state inform decis reorganis measur pursuant articl ensur public decis territori manner public provid paragraph compet author home member state applic law provid articl administr appoint carri offici languag offici languag member state inform publish reorganis measur appli provis public set paragraph fulli effect creditor compet author home member state law state provid reorganis measur affect exclus right sharehold member employe insur undertak consid capac articl appli law applic reorganis measur compet author determin manner interest parti affect reorganis measur inform accord relev legisl articl inform creditor lodg claim legisl home member state requir lodgement claim view recognit compulsori notif reorganis measur creditor normal place resid domicil head offic state compet author home member state administr inform creditor normal place resid domicil head offic member state accord procedur laid articl legisl home member state creditor normal place resid domicil head offic state lodg claim submit observ claim creditor normal place resid domicil head offic member state lodg claim submit observ accord procedur laid articl titl iii wind proceed articl open wind proceed inform supervisori author compet author home member state entitl decis open wind proceed regard insur undertak includ branch member state decis absenc adopt reorganis measur decis adopt home member state legisl open wind proceed insur undertak includ branch member state recognis formal territori member state effect decis effect member state proceed open supervisori author home member state inform matter urgenc decis open wind proceed proceed open fail immedi supervisori author home member state inform matter urgenc supervisori author member state decis open wind proceed includ practic effect proceed articl applic law decis open wind proceed regard insur undertak wind proceed effect govern law regul administr provis applic home member state provid articl law home member state determin asset form part estat treatment asset acquir devolv insur undertak open wind proceed respect power insur undertak liquid condit set invok effect wind proceed current contract insur undertak parti effect wind proceed proceed brought individu creditor except lawsuit pend provid articl claim lodg insur undertak estat treatment claim aris open wind proceed rule govern lodg verif admiss claim rule govern distribut proce realis asset rank claim right creditor obtain partial satisfact open wind proceed virtu rem set condit effect closur wind proceed composit creditor right closur wind proceed bear cost expens incur wind proceed rule relat void voidabl unenforc legal act detriment creditor articl treatment insur claim member state ensur insur claim preced claim insur undertak method insur claim respect asset repres technic provis absolut preced claim insur undertak insur claim respect insur undertak asset preced claim insur undertak except claim employe aris employ contract employ relationship ii claim public bodi tax iii claim social secur system iv claim asset subject right rem prejudic paragraph member state provid part expens aris wind procedur defin nation legisl preced insur claim member state opt method provid paragraph requir insur undertak establish date special regist line provis set annex articl subrog guarante scheme home member state provid right insur creditor subrog guarante scheme establish member state claim scheme benefit provis articl articl represent preferenti claim asset derog articl direct eec articl direct eec member state appli method set articl direct requir insur undertak repres moment independ wind claim preced insur claim pursuant articl regist insur undertak account asset mention articl direct eec articl direct eec articl withdraw authoris open wind proceed decid respect insur undertak authoris insur undertak withdrawn extent purpos paragraph accord procedur laid articl direct eec articl direct eec authoris previous withdrawn withdraw authoris pursuant paragraph prevent liquid person entrust compet author carri insur undertak activ purpos wind home member state provid activ carri consent supervis supervisori author home member state articl public compet author liquid person appoint purpos compet author publish decis open wind proceed accord public procedur provid home member state publish extract wind decis offici journal european commun supervisori author member state inform decis open wind proceed accord articl ensur public decis territori manner public decis open wind proceed provid paragraph compet author home member state applic law liquid appoint offici languag offici languag member state inform publish articl inform creditor wind proceed open compet author home member state liquid person appoint purpos compet author delai individu inform written notic creditor normal place resid domicil head offic member state thereof notic refer paragraph deal time limit penalti laid regard time limit bodi author empow accept lodgement claim observ relat claim measur laid notic creditor claim preferenti secur rem lodg claim case insur claim notic gener effect wind proceed insur contract date insur contract oper ceas produc effect right duti insur person regard contract oper articl lodg claim creditor normal place resid domicil head offic member state home member state includ member state public author lodg claim submit written observ relat claim claim creditor normal place resid domicil head offic member state home member state includ aforement author treat accord rank claim equival natur lodgeabl creditor normal place resid domicil head offic home member state case law home member state creditor send copi support document natur claim date aros amount alleg prefer secur rem reserv titl respect claim asset cover secur preced grant insur claim articl articl languag form inform notic refer articl provid offici languag offici languag home member state purpos form bear head quot invit lodg claim time limit observ quot law home member state submiss observ relat claim quot invit submit observ relat claim time limit observ quot offici languag european union creditor holder insur claim inform notic refer articl provid offici languag offici languag member state creditor normal place resid domicil head offic creditor normal place resid domicil head offic member state home member state lodg claim submit observ relat claim offici languag offici languag member state event lodgement claim submiss observ claim bear head quot lodgement claim quot quot submiss observ relat claim quot offici languag offici languag home member state articl regular inform creditor liquid creditor regularli inform manner progress wind supervisori author member state request inform develop wind procedur supervisori author home member state titl iv provis common reorganis measur wind proceed articl effect contract right derog articl effect open reorganis measur wind proceed contract right govern rule employ contract employ relationship govern sole law member state applic employ contract employ relationship contract confer make acquir immov properti govern sole law member state territori immov properti situat right insur undertak respect immov properti ship aircraft subject registr public regist govern law member state author regist articl parti right rem open reorganis measur wind proceed affect right rem creditor parti respect tangibl intang movabl immov asset specif asset collect indefinit asset chang time time belong insur undertak situat territori member state time open measur proceed right refer paragraph dispos asset dispos obtain satisfact proce incom asset virtu lien mortgag exclus claim met guarante lien respect claim assign claim guarante demand asset requir restitut possess contrari wish parti entitl rem benefici asset record public regist enforc parti rem mean paragraph obtain consid rem paragraph preclud action void voidabl unenforc refer articl articl reserv titl open reorganis measur wind proceed insur undertak purchas asset affect seller right base reserv titl time open measur proceed asset situat territori member state state measur proceed open open reorganis measur wind proceed insur undertak sell asset deliveri asset constitut ground rescind termin sale prevent purchas acquir titl time open measur proceed asset sold situat territori member state state measur proceed open paragraph preclud action void voidabl unenforc refer articl articl set open reorganis measur wind proceed affect creditor demand set claim claim insur undertak set permit law applic insur undertak claim paragraph preclud action void voidabl unenforc refer articl articl regul market prejudic articl effect reorganis measur open wind proceed right oblig parti regul market govern sole law applic market paragraph preclud action void voidabl unenforc refer articl set payment transact law applic market articl detriment act articl appli person benefit legal act detriment creditor proof act subject law member state home member state law mean challeng act relev case articl protect parti purchas act conclud adopt reorganis measur open wind proceed insur undertak dispos consider immov asset ship aircraft subject registr public regist transfer secur exist transfer presuppos entri regist account laid law central deposit system govern law member state valid act govern law member state territori immov asset situat author regist account system articl lawsuit pend effect reorganis measur wind proceed pend lawsuit asset insur undertak divest govern sole law member state lawsuit pend articl administr liquid administr liquid appoint evidenc certifi copi origin decis appoint certif issu compet author home member state translat offici languag offici languag member state territori administr liquid wish act requir legalis similar formal requir administr liquid entitl exercis territori member state power entitl exercis territori home member state person assist repres administr liquid appoint home member state legisl reorganis measur wind proceed host member state specif order overcom difficulti encount creditor host member state exercis power home member state legisl administr liquid compli law member state territori wish action regard procedur realis asset inform employe power includ forc rule legal proceed disput articl registr public regist administr liquid author person duli empow home member state request reorganis measur decis open wind proceed regist land regist trade regist public regist member state member state prescrib mandatori registr author person refer subparagraph measur ensur registr cost registr regard cost expens incur proceed articl profession secreci person requir receiv divulg inform connect procedur commun laid articl bound profession secreci manner laid articl direct eec articl direct eec except judici author exist nation provis appli articl branch countri insur undertak notwithstand definit laid articl purpos appli provis direct reorganis measur wind proceed branch situat member state insur undertak head offic locat commun quot home member state quot mean member state branch grant authoris articl direct eec articl direct eec quot supervisori author quot quot compet author quot author member state branch authoris insur undertak head offic commun branch establish member state branch treat independ regard applic direct compet author supervisori author member state endeavour coordin action administr liquid likewis endeavour coordin action articl implement direct member state bring forc law regul administr provis compli direct april forthwith inform commiss thereof member state adopt measur refer direct accompani refer occas offici public method make refer laid member state nation provis adopt applic direct appli reorganis measur wind proceed adopt open date refer paragraph reorganis measur adopt wind proceed open date continu govern law applic time adopt open member state commun commiss text main provis domest law adopt field govern direct articl entri forc direct enter forc dai public offici journal european commun articl addresse direct address member state brussel march european parliament presid fontain council presid lindh oj oj oj opinion european parliament march oj confirm octob council common posit octob oj decis european parliament februari oj direct amend european parliament council direct ec oj council direct eec june coordin law regul administr provis relat direct insur life assur amend direct eec eec life insur direct oj oj direct amend direct ec council direct eec novemb coordin law regul administr provis relat direct life assur amend direct eec eec life assur direct oj oj annex special regist refer articl insur undertak head offic special regist asset cover technic provis calcul invest accord home member state rule insur undertak transact life life busi head offic separ regist type busi member state authoris insur undertak cover life risk list point annex direct eec provid insur undertak singl regist activ total asset enter valu accord rule applic home member state time technic provis asset enter regist subject rem favour creditor parti result part asset purpos cover commit fact record regist amount includ total refer point asset emploi cover technic provis subject rem favour creditor parti meet condit point asset subject reserv titl favour creditor parti creditor demand set claim claim insur undertak treatment asset case wind insur undertak respect method provid articl determin legisl home member state articl appli asset composit asset enter regist accord point time wind proceed open chang alter correct pure cleric error made regist authoris compet author notwithstand point liquid add asset yield therefrom pure premium receiv respect class busi concern open wind proceed time payment insur claim transfer portfolio effect product realis asset estim regist liquid requir justifi home member state compet author supervisori author member state measur ensur full applic insur undertak provis annex