Article 29. Coordination of a proceeding under these Regulations and a foreign proceeding

Where a foreign proceeding and a proceeding under these Regulations are taking place concurrently regarding the same debtor, the Court shall seek cooperation and coordination under Articles 25, 26 and 27, and the following shall apply —

(a) When the proceeding in the Abu Dhabi Global Market is taking place at the time the application for recognition of the foreign proceeding is filed —
(i) any relief granted under Article 19 or 21 must be consistent with the proceeding in the Abu Dhabi Global Market; and
(ii) if the foreign proceeding is recognised in the Abu Dhabi Global Market as a foreign main proceeding, Article 20 does not apply.
(b) When the proceeding in the Abu Dhabi Global Market commences after recognition, or after the filing of the application for recognition, of the foreign proceeding —
(i) any relief in effect under Article 19 or 21 shall be reviewed by the Court and shall be modified or terminated if inconsistent with the proceeding in the Abu Dhabi Global Market; and
(ii) if the foreign proceeding is a foreign main proceeding, the stay and suspension referred to in paragraph (1) of Article 20 shall be modified or terminated pursuant to paragraph (2) of Article 20 if inconsistent with the proceeding in the Abu Dhabi Global Market.
(c) In granting, extending or modifying relief granted to a representative of a foreign non-main proceeding, the Court must be satisfied that the relief relates to assets that, under the law of the Abu Dhabi Global Market, should be administered in the foreign non-main proceeding or concerns information required in that proceeding.