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EU JudgeCo Principle 21 - Cross-Border Sales

21.1. When there are parallel insolvency proceedings and assets are to be disposed of (whether by sale, transfer or some other process), courts, insolvency practitioners, the debtor and other parties should cooperate in order to obtain the maximum aggregate value for the assets of the debtor as a whole, across national borders.

21.2. Where required to act, each of the courts involved should make orders approving disposals of the debtor’s assets that will produce the highest overall value for creditors.

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