FOREIGN PROCEEDING
foreign proceeding: translation
- foreign proceeding
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Under Title 11 U.S.C. Section 101:
(23) The term "foreign proceeding" means a collective judicial or administrative proceeding in a foreign country, including an interim proceeding, under a law relating to insolvency or adjustment of debt in which proceeding the assets and affairs of the debtor are subject to control or supervision by a foreign court, for the purpose of reorganization or liquidation.
United Glossary of Bankruptcy Terms2012.