Normally, we suggest that any procedure should avoid surprises.

1. In order to avoid the opening of secondary insolvency proceedings, the insolvency practitioner in the main insolvency proceedings may give a unilateral undertaking (the ‘undertaking’) in respect of the assets located in the Member State in which secondary insolvency proceedings could be opened, that when distributing those assets or the proceeds received as a result of their realisation, it will comply with the distribution and priority rights under national law that creditors would have if secondary insolvency proceedings were opened in that Member State.

I realize that in the past, the subcommittee on agenda and procedure has met at 11:30 a.m. when a meeting of the Procedure and House Affairs Committee was scheduled for 11 am. However, since most members of this committee have a fairly tight schedule, could we possibly, in the absence of a committee meeting, avoid scheduling meetings of the Procedure and House Affairs Committee at any time other than the usual time slot?

2. Member States shall ensure that collective management organisations put in place and apply procedures to avoid conflicts of interest, and where such conflicts cannot be avoided, to identify, manage, monitor and disclose actual or potential conflicts of interest in such a way as to prevent them from adversely affecting the collective interests of the rightholders whom the organisation represents.