This question was closed without grading. Reason: Other
Nov 20, 2011 18:18
12 yrs ago
English term
roceeding is commenced for relief
English to Russian
Other
Law: Contract(s)
the other Party’s assets are transferred to an assignee for the benefit of creditors, to a receiver or to a trustee in bankruptcy, a proceeding is commenced by or against the other Party for relief under bankruptcy or similar laws and such proceeding is not dismissed within sixty (60) days, or the other Party is adjudged bankrupt.