72The assessments, which can vary from one court to another, are incompatible with the objective of efficient and effective cross-border insolvency proceedings which the Regulation seeks to achieve through the coordination of main and secondary proceedings, whilst observing the priority of the main proceedings. It must be remembered that, as is apparent from paragraph 58 above, although the opening of secondary proceedings may be requested by, inter alia, local creditors, an application may also be made by the liquidator in the main proceedings when the efficient administration of the estate so requires.
Source: EUR-Lex, © European Union, 1998-2026. Reuse authorised under Decision 2011/833/EU.