Member States are not precluded from providing that a court or a competent authority that has established that the sale process is not competitive, transparent and fair and does not meet market standards can decide to proceed with a public auction during the liquidation phase or with the piecemeal liquidation of the debtor’s assets in insolvency proceedings opened within the pre-pack proceedings.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
